WeightWatchers is buying a company that lets you pay $99 a month to see a doctor on video and get a prescription to popular weight-loss drug Ozempic
Sequence, which launched in late 2021, has about 24,000 members across the country as of February and a $25 million annual revenue rate,A spokesperson for WeightWatchers told Insider that many details have yet to be"worked out" regarding how the Sequence platform will be integrated into WeightWatchers.
"We are very excited to have Sequence join the WeightWatchers team. Initially, we will continue to operate as two separate businesses but more to come on how we will integrate in the future," a spokesperson for WeightWatchers told Insider in an emailed statement. "As science advances rapidly, we know there is a significant opportunity to improve outcomes for those using medications," WeightWatchers' CEO Sima Sistaniin a press release."It is our responsibility, as the trusted leader in weight management, to support those interested in exploring if medications are right for them."
WeightWatchers chief scientific officer Gary Foster said the company will also develop programs that focus on strength training and high–protein diets to combat the muscle mass that often comes with weight loss,which work by mimicking a naturally occurring hormone known as GLP-1 that suppresses appetite. Over the past several years, they've been largely prescribed for type 2 diabetes, WeightWatchers noted in its acquisition statement.
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