• People are reportedly quitting popular weight loss drugs Ozempic and Wegovy after 3 months
  • Side effects such as loss of muscle mass is one big reason
  • The best and worst performing ASX health stocks in the past month

 

Despite more people taking diabetes medication (like Ozempic and Wegovy) to induce weight loss, few can in fact tolerate them in the long run, according to new research.

New research published in the journal Obesity reveals that only 44% of people people prescribed weight-loss drugs were still taking them after three months, and only 19% after one year.

So why do people not persist with it?

According to a report by The Conversation, not persisting with medication is a well known phenomenon and actually not that unusual.

For example, studies have shown that by the end of one year, almost half of the people on blood pressure medication stop taking them.

The most cited reason is concerns around side effects.

For GLP-1 medication (like Ozempic and Wegovy), numerous issues of side effects have been widely reported, including bouts of nausea, diarrhoea, constipation, fatigue as well sulphurous burping.

 

Lean muscle Loss

Another reason for ditching these weight loss drugs is that it apparently causes lean muscle loss.

A recent result of a clinical trial of semaglitude—the active ingredient in weight-loss drugs Ozempic and Wegovy – showed that people lost nearly as much loss of lean muscle as pounds of fat.

Participants in the trial lost about 15 pounds (around 6.8kg) of lean muscle on average, compared with 23 pounds (10.4 kg) of fat during the 68-week trial.

Experts however say although losing lean muscle when shedding weight is a problem, it isn’t all that surprising.

“When we look at weight reduction from any intervention, about one-third of the weight we lose tends to be lean mass, and that can be problematic,” Dr. Jaime Almandoz, an associate professor of internal medicine at University of Texas told NBC.

“That lean mass loss is generally from muscle. Lean mass is healthier and associated with better metabolism, so when we lose lean mass, we may lose some of that function.”

Because of that, most doctors are instead urging people to go on a slow, consistent weight loss program by focusing on health, and not weight.

“If weight loss is starting to seem unachievable, try setting a different goal,” said a report from the American Nurse Association.

“Getting more physically fit can improve your health in many of the same ways. And you might find gaining fitness easier and more rewarding than losing weight.”

 

Best performing ASX biotechs over the past month

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CODE COMPANY PRICE 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % MARKET CAP
LBT LBT Innovations 0.01 -16.67 100.00 -55.45 -74.65 $12,596,770
ICR Intelicare Holdings 0.03 16.67 86.67 133.33 33.33 $5,849,631
NEU Neuren Pharmaceut. 24.04 0.33 61.34 101.17 190.69 $3,059,466,851
PSQ Pacific Smiles Grp 1.45 2.47 57.61 7.41 -8.81 $231,393,810
ALA Arovella Therapeutic 0.14 22.73 56.98 200.00 440.00 $122,720,432
BPH BPH Energy 0.04 10.00 51.72 137.84 144.44 $45,140,786
ADR Adherium 0.07 51.11 51.11 51.11 13.33 $22,673,919
ATH Alterity Therap 0.01 -14.29 50.00 -7.69 -33.33 $16,814,162
CMP Compumedics 0.28 1.85 48.65 71.88 37.50 $48,719,811
VHT Volpara Health Tech 1.10 0.00 46.00 61.03 104.67 $278,539,867
S66 Star Combo 0.15 0.00 45.00 31.82 -3.33 $19,587,032
CU6 Clarity Pharma 1.80 4.35 40.08 166.67 83.67 $472,031,620
PGC Paragon Care 0.24 2.13 37.14 11.63 -27.27 $160,288,363
M7T Mach7 Tech 0.81 3.21 35.29 45.05 41.23 $194,158,793
PAA Pharmaust 0.11 -4.35 34.15 52.78 77.42 $38,439,977
DXB Dimerix 0.18 2.86 33.33 215.79 18.19 $76,694,381
DOC Doctor Care Anywhere 0.06 1.69 25.00 39.53 13.21 $21,998,535
IMU Imugene 0.11 5.00 25.00 23.53 -27.59 $752,754,128
PYC PYC Therapeutics 0.10 8.70 25.00 85.19 66.67 $373,286,714
PBP Probiotec 2.91 18.29 20.75 8.99 29.91 $236,651,111
1AD Adalta 0.03 0.00 19.05 8.70 -44.44 $13,145,102
NYR Nyrada Inc. 0.03 19.05 19.05 -28.57 -82.76 $3,900,218
PNV Polynovo 1.60 -3.03 18.52 15.11 -17.53 $1,104,372,402
ARX Aroa Biosurgery 0.79 5.33 17.91 -12.22 -27.85 $271,318,708
ONE Oneview Healthcare 0.24 2.17 17.50 -18.97 104.35 $157,310,524
IMM Immutep 0.35 -2.82 15.00 23.21 22.96 $410,147,923
VTI Vision Tech Inc 0.25 -9.26 13.95 8.93 -39.05 $12,567,013
OPT Opthea 0.46 2.25 13.75 -10.62 -46.96 $301,577,928
NXS Next Science 0.30 -11.76 11.11 -41.18 -51.61 $87,508,531
OSX Osteopore 0.05 4.17 11.11 -52.38 -66.29 $7,745,932
AN1 Anagenics 0.02 0.00 10.53 90.91 -15.20 $7,954,335
SHG Singular Health 0.04 -2.33 10.53 5.00 -61.82 $5,935,031
CBL Control Bionics 0.04 10.00 10.00 -45.18 -70.43 $6,374,352
ILA Island Pharma 0.09 11.39 10.00 -12.00 -53.68 $7,151,625
IIQ Inoviq 0.69 2.24 9.60 37.00 8.73 $63,032,811
CAJ Capitol Health 0.24 2.17 9.30 -16.07 -26.56 $250,465,210
IBX Imagion Biosys 0.34 -5.56 7.94 -34.62 -66.00 $11,099,827
LDX Lumos Diagnostics 0.07 8.27 7.46 500.00 53.19 $34,653,603
MVF Monash IVF Group 1.34 -1.11 6.80 17.11 38.34 $520,162,511
BOT Botanix Pharma 0.17 3.13 6.45 57.14 184.48 $255,278,866
SOM SomnoMed 0.47 8.14 5.68 -47.43 -62.31 $50,494,999
NTI Neurotech Intl 0.06 9.09 5.26 71.43 -14.29 $53,504,354
AT1 Atomo Diagnostics 0.02 4.55 4.55 9.52 -58.18 $14,701,653
IDT IDT Australia 0.10 -7.62 4.30 53.97 21.25 $34,093,508
IPD Impedimed 0.14 -3.45 3.70 -15.15 89.19 $283,263,109
VLS Vita Life Sciences.. 1.78 -3.78 3.19 0.57 25.35 $95,853,244
IMC Immuron 0.08 1.30 2.63 14.71 -6.02 $17,768,271
PAR Paradigm Bio. 0.39 6.85 2.63 -56.89 -72.35 $136,729,778
TLX Telix Pharmaceutical 9.50 -2.96 1.39 -17.82 33.43 $3,075,403,489
ATX Amplia Therapeutics 0.08 2.53 1.25 -7.95 -10.00 $15,714,469
OCC Orthocell 0.41 -2.38 1.23 20.59 3.80 $81,699,616
AC8 Auscann Grp Hlgs 0.04 0.00 0.00 0.00 0.00 $17,621,884
ACR Acrux 0.04 -14.00 0.00 -4.44 -40.28 $12,454,132
ACW Actinogen Medical 0.02 -4.35 0.00 -44.13 -76.63 $50,760,822
ALC Alcidion Group 0.07 -2.67 0.00 -22.34 -49.66 $98,000,545
BP8 Bph Global 0.00 0.00 0.00 -50.00 -88.61 $2,753,345
BWX BWX 0.20 0.00 0.00 0.00 25.00 $39,997,500
CDX Cardiex 0.12 0.00 0.00 -15.63 -60.29 $17,354,743
CYP Cynata Therapeutics 0.12 9.09 0.00 4.35 -61.90 $21,555,814
JTL Jayex Technology 0.01 0.00 0.00 0.00 -18.18 $2,531,507
MDC Medlab Clinical 6.60 0.00 0.00 0.00 0.76 $15,071,113
NC6 Nanollose 0.02 0.00 0.00 -60.00 -62.71 $3,495,500
OSL Oncosil Medical 0.01 5.88 0.00 -25.00 -76.43 $17,770,870
PAB Patrys 0.01 0.00 0.00 -27.27 -69.23 $16,459,579
RAD Radiopharm 0.07 1.43 -1.39 -28.41 -31.66 $26,386,376
VBS Vectus Biosystems 0.31 -3.13 -1.59 -27.91 -60.00 $16,494,902
EZZ EZZ Life Science 0.61 -3.20 -2.42 13.08 72.86 $25,836,525
AHC Austco Healthcare 0.20 0.00 -2.50 11.43 69.57 $57,462,416
AGH Althea Group 0.04 -2.56 -2.56 -9.52 -37.70 $15,049,670
ADO Anteotech 0.03 -5.56 -2.86 -20.93 -39.29 $74,679,043
RSH Respiri 0.03 0.00 -3.03 -13.51 -30.43 $33,915,806
TRI Trivarx 0.03 3.45 -3.23 50.00 -25.00 $10,142,360
RHT Resonance Health 0.06 -6.45 -3.33 28.89 -3.33 $27,079,790
ZNO Zoono Group 0.05 -3.92 -3.92 16.67 -48.38 $9,900,968
GLH Global Health 0.12 -4.00 -4.00 9.09 -42.86 $6,965,944
CAN Cann Group 0.11 5.00 -4.55 -8.70 -48.37 $45,463,436
CGS Cogstate 1.46 4.29 -4.58 -14.62 -22.13 $250,199,219
MDR Medadvisor 0.20 5.41 -4.88 -18.75 -18.75 $106,651,316
CTE Cryosite 0.61 -6.15 -5.43 -3.94 -12.86 $29,773,833
MVP Medical Developments 0.75 1.36 -5.70 -5.70 -51.31 $64,297,388
BDX Bcaldiagnostics 0.10 1.02 -5.71 17.86 65.00 $24,912,277
SDI SDI 0.74 -0.67 -6.92 -10.30 -17.78 $87,960,492
PIQ Proteomics Int Lab 0.84 5.00 -7.18 -4.55 -14.29 $102,761,166
HGV Hygrovest 0.05 2.00 -7.27 10.87 -27.14 $10,725,841
1AI Algorae Pharma 0.01 0.00 -7.69 -14.29 -6.54 $19,934,882
DVL Dorsavi 0.01 -14.29 -7.69 0.00 0.00 $7,159,939
ZLD Zelira Therapeutics 0.94 2.17 -7.84 -37.75 -7.84 $10,666,326
ANP Antisense Therapeut. 0.06 -1.79 -8.33 -8.33 -36.05 $49,584,973
MX1 Micro-X 0.11 0.00 -8.33 -4.35 -18.52 $56,987,053
UBI Universal Biosensors 0.22 0.00 -8.33 4.76 0.00 $46,721,276
GSS Genetic Signatures 0.44 2.27 -9.09 -11.76 -50.00 $63,035,540
MEM Memphasys 0.01 9.09 -9.59 -15.62 -15.62 $13,567,571
CHM Chimeric Therapeutic 0.03 0.00 -9.68 -26.32 -64.10 $20,183,536
CYC Cyclopharm 1.91 -0.52 -9.91 -0.52 61.86 $179,723,983
BIT Biotron 0.09 3.45 -10.00 260.00 221.43 $81,204,796
TRP Tissue Repair 0.22 -8.33 -10.20 -15.38 -6.38 $12,277,763
AMT Allegra Medical 0.05 0.00 -10.71 -12.28 -52.38 $5,980,551
PTX Prescient 0.07 -1.52 -10.96 -18.75 -46.94 $52,345,787
EYE Nova EYE Medical 0.12 4.35 -11.11 -57.89 -58.62 $22,875,467
AVE Avecho Biotech 0.00 16.67 -12.50 -30.00 -76.67 $11,092,540
GTG Genetic Technologies 0.18 -12.50 -12.50 -30.00 -41.67 $20,198,018
EPN Epsilon Healthcare 0.02 0.00 -14.29 20.00 9.09 $7,208,496
IVX Invion 0.01 20.00 -14.29 20.00 -33.33 $38,529,793
OIL Optiscan Imaging 0.08 1.25 -14.74 -1.22 -17.34 $67,662,605
AHK Ark Mines 0.20 14.71 -15.22 -35.00 2.63 $8,803,228
TRU Truscreen 0.02 0.00 -16.00 -16.00 -47.50 $8,820,532
RAC Race Oncology 0.81 1.89 -16.06 -30.17 -59.90 $132,339,818
BXN Bioxyne 0.01 0.00 -16.67 -54.55 -61.54 $19,016,454
HCT Holista CollTech 0.01 0.00 -16.67 -23.08 -58.33 $2,788,001
PCK Painchek 0.04 2.94 -17.65 29.63 2.94 $50,254,729
EXL Elixinol Wellness 0.01 -7.69 -20.00 -14.29 -40.00 $7,594,459
VFX Visionflex Group 0.01 -20.00 -20.00 100.00 -11.11 $11,335,930
IRX Inhalerx 0.03 0.00 -21.62 -39.58 -51.67 $5,503,242
HXL Hexima 0.02 0.00 -21.74 -14.29 -5.26 $3,006,713
4DX 4Dmedical 0.71 -0.70 -23.78 5.22 88.00 $275,573,079
RGS Regeneus 0.00 -40.00 -25.00 -50.00 -93.75 $919,311
SNT Syntara 0.02 -4.17 -28.13 -48.89 -60.34 $16,620,127
RHY Rhythm Biosciences 0.13 -3.85 -28.57 -71.91 -87.86 $27,642,824
RNO Rhinomed 0.02 20.00 -29.41 -65.71 -78.18 $6,857,273
NSB Neuroscientific 0.05 8.89 -30.99 -33.78 -65.00 $7,085,639
MXC Mgc Pharmaceuticals 0.48 -2.04 -31.91 -90.40 -96.00 $17,515,983
ME1 Melodiol Glb Health 0.00 100.00 -33.33 -71.43 -90.00 $9,457,648
TD1 Tali Digital 0.00 0.00 -33.33 -33.33 -60.00 $3,295,156
NOX Noxopharm 0.07 -10.39 -37.27 53.33 -54.00 $20,164,419
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LBT Innovations (ASX:LBT)

LBT has been rising since its AGM in late November, where management provided an update on the company’s goals in 2024.

LBT CEO Brent Barnes said the expectations in 2024 include completion of the product development project with AstraZeneca, with a global rollout expected in the second half of the year.

In January, the microbiology diagnostic equipment manufacturer LBT announced a partnership with AstraZeneca and Thermo Fisher to speed up the development of LBT’s APAS AI software platform for microbial testing in the pharmaceutical sector.

The software is said to allow the speed up of laboratory processing of clinical samples by utilising AI to scan for microbial contamination.

In addition, LBT’s management expects additional pharmaceutical companies to commence validations in 2024, which will build the company’s sales pipeline.

 

Neuren Pharma (ASX:NEU)

Neuren soared last week after announcing positive results of its Phase 2 results of NNZ-2591 in children with Phelan-McDermid syndrome (PMS).

NNZ-2591 was given to all patients in the study as an oral liquid dose twice daily, with escalation in two stages up to the target dose of 12mg/kg during the first six weeks of treatment, subject to independent review of safety and tolerability data.

NEU says significant improvement was observed by both clinicians and caregivers from treatment, across multiple efficacy measures.

NEU also says NNZ-2591 was safe and well tolerated, with no clinically significant changes in laboratory values or other safety parameters during treatment.

Seperately, the company said the last subject to be screened this week will complete the enrolment of subjects into its Phase 2 clinical trial of NNZ-2591 in Angelman syndrome (AS).

The Phase 2 trial will have enrolled children between aged 3 to 17 years at three hospitals in Australia. The study will examine the safety, tolerability, pharmacokinetics and efficacy of NNZ-2591 over 13 weeks of twice-daily oral liquid doses.

NNZ-2591 is a synthetic drug which is is under development by Neuren for the treatment of Rett syndrome, fragile X syndrome, Phelan-McDermid syndrome, Pitt Hopkins syndrome (genetic disorders), Prader-Willi syndrome, as well as Angelman Syndrome.

Top-line results from the trial are expected to be available in Q3 2024.

 

Intelicare (ASX:ICR)

ICR has been rising after executing a non-binding Memorandum of Understanding (MoU) with Bolton Clarke as a precursor to a Strategic Partnership Agreement.

Bolton Clarke is Australia’s largest independent not-for-profit aged care provider, supporting more than 130,000 people at home and in its 88 residential homes and 38 retirement villages.

ICR also executed a binding Reseller Agreement with JNC Technologies to deploy the InteliCare platform to JNC’s client Hardi Aged Care.

The contract value is expected to be $1.8 million in hardware implementation, and on full deployment will generate in excess of $0.5 million in annual recurring SaaS fees with an initial term of three years, representing InteliCare’s largest commercial deployment to date.

 

Pacific Smiles Group (ASX:PSQ)

Dental clinics network, Pacific Smiles Group, provided an update on its trading performance as of the close of business on 20 December.

Patient fees came in $141.1m, a 10.5% increase YoY, and same centre patient fees also increased 9.7% YoY.

PSQ also provided guidance for FY24.

Patient fees for the full year are expected to come in the range of $293m to $297m, and Underlying EBITDA in the range of $26m to $28m.

Additionally, PSQ said the board has assessed the $1.40 in cash per share takeover offer from Genesis Capital submitted earlier this week.

Despite acknowledging that the share price performance of Pacific Smiles has been disappointing, the board considers that the offer is “opportunistic and materially undervalues Pacific Smiles”, and has therefore rejected the proposal.

 

Adherium (ASX:ADR)

The digital health company delivered the first purchase order agreement of 1,750 of its Hailie Smartinhaler sensors to a major US hospital system, Intermountain Health.

Intermountain includes 33 hospitals, 385 clinics with more than 12,000 associated physicians. Intermountain is a leader in outpatient respiratory care with around 300,000 chronic obstructive pulmonary disease (COPD) and asthma patients.

Hailie is the only US FDA 510(k) cleared, drug-agnostic digital sensor available today providing physiological data insights on inhaler technique.

Haile’s sensors remotely capture when and how an inhaler is being used, profoundly improving adherence and patient self-management. This data enables timely interventions and tailored treatments to improve health outcomes to reduce hospital admissions and ultimately healthcare costs.