GLP-1 Users, Any Drug
Phillip Vanguard@lowincomelowiq
+4.5%
since Oct 9
The idea
I believe more people will keep optimizing their health, and weight loss drugs are where that shows up first as cheap cash-pay pills pull in new users. Rather than bet on which drugmaker wins, I skip the big pharma names and instead own the picks and shovels around this trend: the pharmacies and platforms selling the drugs, the tool and component makers behind them, and what users buy alongside, like protein, gyms, and lab testing to track results.
What it owns
- Lab testing and continuous glucose monitoring see higher demand as more patients use GLP-1 drugs to manage weight and metabolic health. · Abbott LaboratoriesIt makes Libre glucose monitors that let people see how food and the drug affect their blood sugar in real time as they track weight loss and metabolic health., DexComIt makes only glucose monitors, offering a pure way to own the tracking side of the take as more people without diabetes buy monitors to track their results., Quest DiagnosticsIt runs blood tests that doctors order before and during GLP-1 treatment and sells tests people can order themselves as test volume from those monitoring these drugs keeps growing., Labcorp HoldingsIt is the other major US lab catching the same testing demand from people starting and tracking weight loss drugs as lab volume tied to metabolic health keeps rising.30%
- The equipment, materials and pen parts suppliers grow as total drug production grows, whichever drugmaker wins. · Thermo Fisher ScientificIt manufactures drugs under contract for drugmakers and supplies the labs that develop them, getting paid as GLP-1 output rises regardless of whose brand is on the box., DanaherIt sells the equipment and supplies drugmakers use to purify and produce drugs, so its sales grow as production runs increase with more users., West Pharmaceutical ServicesIt makes the parts that go into injection pens and vials, gaining as more people use shots even as pills pull in new users., Stevanato GroupIt makes the glass cartridges that sit inside injection pens, so its sales follow the number of shots filled as injectable GLP-1 demand keeps rising., Becton DickinsonIt makes syringes and pen needles for injectable GLP-1 drugs and committed significant capital to expand US manufacturing as the number of people on injectable drugs keeps growing.26%
- Telehealth sites, pharmacies and discount platforms earn money on every new person who starts a weight loss drug, whoever made it. · Hims & Hers HealthIt sells weight loss drugs straight to people paying cash, offering direct exposure to the view that more people are starting these drugs through branded shots and pills., CVS HealthIt fills GLP-1 prescriptions in its pharmacies and its benefits arm decides which drugs many health plans cover, getting paid on volume no matter which drugmaker wins., GoodRx HoldingsIt is where people paying cash go to compare drug prices, so its traffic grows as GLP-1 drugs keep being sold at cash prices people shop around for., LifeMDIt is a small telehealth company that sells weight loss care online, picking up new cash-pay users as its weight loss patient count keeps growing., WW InternationalIt runs a clinic that prescribes weight loss drugs alongside its coaching, giving it a way to pick up new users who want support as clinic members keep growing.18%
- People on these drugs are told to eat more protein and lift weights so they don't lose muscle along with fat. · Planet FitnessIt is the cheapest place for people on GLP-1 drugs to lift weights and lose fat without losing muscle, so membership growth depends on drug users showing up as gym members., BellRing BrandsIt makes Premier Protein shakes, an easy way for people eating less on these drugs to keep their protein intake up as shake sales grow with more GLP-1 users., Life Time GroupPremium fitness memberships and per-member spending tend to rise when members use GLP-1 drugs alongside structured fitness programs., Simply Good FoodsIt sells high-protein bars and snacks that suit people eating smaller portions on these drugs as their sales start benefiting from GLP-1 users., HerbalifeIt sells nutrition products and pitches them as companions for people on GLP-1 drugs as its distributors keep selling more to this growing user base.18%
- Cash8%