Abbott launches protein shake brand to help people on weight-loss drug
DeeperDive is a beta AI feature. Refer to full articles for the facts.
ABBOTT Laboratories said on Wednesday (Jan 31) it has launched a new protein shake that would help adults looking to lose weight and maintain their muscle mass.
The healthcare company said the protein shake is first among the range of products lined up to be launched under its new brand, called Protality.
The move comes as part of Abbott’s strategy to capitalise on the surge in demand for new weight-loss drugs from the GLP-1 class.
Abbott CEO Robert Ford had earlier said that the company’s nutrition business is planning to launch a product that would help prevent people from losing muscle mass when on GLP-1 weight-loss drugs.
The GLP-1 medications like Novo Nordisk’s Wegovy and Ozempic and Eli Lilly’s Mounjaro and Zepbound have seen extraordinary demand over the last year.
The drug class is expected to generate annual sales of more than US$100 billion by the end of the decade, analysts said.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Abbott intends to develop additional nutrition products and “conduct clinical research”, the company said. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025