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There are multiple formulations, e.g. Ozempic vs Wegovy.

Both Ozempic and Wegovy are manufactured by Novo Nordisk. That’s not competition. It is market segmentation as they are marketed for different uses.

Oh, didn’t know that. Doesn’t Eli Lilly have a competitor?

They do. It's called Mounjaro.

Ozempic is for diabetics, wegovy is for weight loss