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Home » India’s Healthify eyes more weight-loss drugmaker tie-ups after Novo Nordisk pact
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India’s Healthify eyes more weight-loss drugmaker tie-ups after Novo Nordisk pact

IQ TIMES MEDIABy IQ TIMES MEDIAJuly 1, 2007No Comments2 Mins Read
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By Rishika Sadam and Abhirami G

BENGALURU, Dec 5 (Reuters) – Indian health-tech startup Healthify is in talks to partner with more weight-loss drugmakers to offer ​health, nutrition and lifestyle coaching, after signing a deal with Novo ‌Nordisk’s India unit, its chief executive said.

The deal marks Healthify’s first such partnership with a drugmaker, ‌and it hopes similar agreements will boost its paid subscriber base.

Healthify, which provides health metric tracking along with nutrition and fitness advice, launched a patient-support programme this week through which it offers coaching services to users prescribed Novo’s weight-loss therapies.

“Our vision is ⁠to be the world’s ‌biggest patient support provider for all GLP (GLP-1 receptor agonists are a class of weight-loss drugs) companies in every market,” CEO Tushar ‍Vashisht told Reuters.

The patient-support programme is part of Healthify’s broader weight-loss initiative, which already accounts for a double-digit share of its revenue, Vashisht said.

Healthify has about 45 million users globally, ​he added, while its paid subscriber base is in the six-digit figures. ‌The company declined to provide a precise number.

India has emerged as a key battleground for obesity treatments, with Novo and U.S. drugmaker Eli Lilly competing for a slice of a global market expected to reach $150 million annually by the end of the decade.

Local generic drugmakers are also expected to enter the segment after ⁠the patent for semaglutide, the active ingredient in ​Novo’s obesity drug Wegovy, expires in 2026.

Healthify, which ​has so far raised $122 million, said its GLP-1 weight-loss programme is its fastest-growing offering. It expects more than a third of its ‍paid subscriptions to ⁠come from the programme over the next year, with about half of that growth from new users and 15% from existing subscribers.

The company also ⁠plans to roll out its Novo-linked support programme in other geographies, Vashisht said, but declined to ‌elaborate.

(Reporting by Rishika Sadam in Hyderabad and Abhirami G from Bengaluru; ‌Editing by Dhanya Skariachan and Sonia Cheema)



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