May 8 (Reuters) - Health and wellness products retailer
Vitamin Shoppe said on Wednesday that subscribers to its
telehealth service would have access to weight-loss medications
such as Ozempic, Mounjaro and Rybelsus.
Monthly medication subscription to the retailer's virtual
healthcare platform, Whole Health Rx, starts at an introductory
price of $219, and does not require insurance, the company said
in a statement.
WHY IT'S IMPORTANT
The subscription covers the cost of drugs, whose immense
popularity and high prices are likely to keep them out of reach
for many patients in the coming year.
Developed initially to treat diabetes, GLP-1 drugs have been
shown to help patients lose 15% to 20% of their body weight in
clinical trials by suppressing food cravings.
CONTEXT
Vitamin Shoppe said it was launching Whole Health Rx with weight
management in focus, but would expand the program to cater to
other needs such as testosterone support, hormone replacement
therapy, hair loss and smoking cessation, among others.
Last month, retailer Costco Wholesale ( COST ) offered its roughly
130 million members access to weight-loss programs through its
partnership with online healthcare services provider Sesame,
although its subscription did not cover the cost of weight-loss
drugs.
BY THE NUMBERS
UBS analysts are expecting the global market for GLP-1 class of
drugs to grow to $126 billion by 2029 and identified the
expansion of the obesity market to be a "key driver."
(Reporting by Juveria Tabassum; Editing by Anil D'Silva)