Aspen Pharmacare, a South African drugmaker, expects its sales of weight-loss drugs to drive a 17% increase in earnings next year. The company sells Mounjaro, made by US manufacturer Eli Lilly, in South Africa, and is launching its own generic version of the medication for sale in South Africa, as well as in South America and the Middle East. Obesity cases are rising globally, with projections indicating they will double by 2050, causing public health concern. The global weight-loss drug market is expected to reach $100 billion by 2030, but currently only a small fraction of that demand comes from Africa. In South Africa, Aspen Pharmacare's weight-loss drugs are competing with those of Novo Nordisk, including its medication Ozempic.
| Signal | Value | Weight |
|---|---|---|
| Correction rate | 0.000 | 0.4 |
| Uncertainty density | 0.084 | 0.25 |
| Assertive mismatch rate | 0.000 | 0.35 |