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Pharmaceutical CEO bets on AI for next-gen drugs
Novo Nordisk President and CEO Mike Doustdar discusses the company’s collaboration with artificial intelligence to accelerate drug discovery and development
The boom in weight-loss drugs may have transformed the obesity market, but Novo Nordisk’s CEO says the industry is still only scratching the surface with tens of millions of Americans potentially eligible for treatment
Novo Nordisk President and CEO Mike Doustdar joined FOX Business’ Cheryl Casone on “Mornings with Maria” to discuss the adoption of GLP-1 drugs, their potential economic impact and the company’s outlook for medicines, including Wegovy
Mike Doustdar, chief executive officer of Novo Nordisk, speaking during an interview.(Michael Nagle/Bloomberg /
“We are clearly at early innings,” Doustdar said, pointing to the large population living with obesity and relatively limited use of GLP-1 medications. He said more than 100 million people in the U.S. are suffering from obesity, while “somewhere around ten, 15% in a good day” have used a GLP-1
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“There is a long runway still,” he said
Beyond weight loss, Doustdar said wider use of the drugs could eventually help Americans save on healthcare costs while bringing broader economic benefits
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Eli Lilly stock soars on GLP-1 weight loss drug demand as Kraft Heinz takes a hit
Stuart Varney and Taylor Riggs discuss Eli Lilly’s massive revenue surge driven by GLP-1 obesity drugs Mounjaro and Zepbound, and how the diet craze is negatively impacting food brands like Kraft Heinz
“I do think as we get there, not only you see the health benefits of these drugs, you also see the economical benefit of these drugs,” he said
Doustdar pointed to medication use as one area where a healthier, smaller population could reduce consumption. He used insulin, another product sold by Novo Nordisk, as an example of how dosage can vary with body size
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“I sell insulin, and I know that a person who is larger does more insulin dose than someone who’s smaller,” he said
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GLP-1 boom expands beyond weight loss
A panel examines the expansion of GLP-1 medications beyond weight loss, exploring new medical uses, potential side effects and what the next wave of these blockbuster drugs could mean for patients on ‘Barron’s Roundtable.’
He also pointed to the potential value of healthier people returning to work and becoming more productive, arguing that the benefits could extend beyond the number on a scale
“Then of course comes on top of that, the economical value that comes from people getting back to work healthier,” Doustdar said. “People are more productive.”
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