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Novo Nordisk A/S’s shares fell by the most on record after a failed attempt to leapfrog rival Eli Lilly & Co. in the red-hot market for obesity drugs. Novo’s experimental obesity shot CagriSema helped patients lose an average of 20.4% of their weight over 68 weeks, short of the 25% weight loss that Novo had repeatedly predicted for its next-generation product. The study results were roughly in line with the performance of Eli Lilly’s Zepbound shot, which is already on the market and competes with existing Novo treatment Wegovy. Lilly is also working on a next-generation medicine, called retatrutide, which helped people lose up to about 24% of their weight in a mid-sized study last year. WATCH: Emily Field, Barclays’ head of European pharmaceutical research, says the selloff in Novo Nordisk’s shares is an overreaction. Novo’s shares plunged as much as 27% in Copenhagen, and are now down 15% for the year after a runup on the strength of Wegovy sales. Shares of Eli Lilly jumped 10% in premarket US trading. The share decline briefly knocked more than $120 billion from Novo’s market value. The results may suffice for approval for CagriSema, but they leave Novo with issues positioning the drug in the market, Simon Baker, an analyst for Redburn, said in a note. “They sought a superior result to Lilly and got one that is the same,” Baker said. Novo said it will start another trial in the first half of next year to help find out how best to boost patients’ doses. The company expects to seek regulatory approval for CagriSema toward the end of next year, a spokeswoman said in a statement. The study is one of the most anticipated this year in the field. Novo has been counting on CagriSema to help it ward off a growing roster of competitors, led by Eli Lilly, in a weight-loss market that’s predicted to grow to nearly $130 billion by 2030. For more on the results, Paul Sweeney and Norah Mulinda speak with Bloomberg Intelligence senior pharma analyst John Murphy. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake

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Anyone who has watched even one episode of ABC’s hit reality show Shark Tank knows that its producers are constantly searching for entrepreneurs who have his or her own ideas to sell to a panel of wealthy investors. The show consistently gets good ratings, as the pitching process can be pretty entertaining to watch and many of the products are intriguing, such as the biohacking pill segmented from a jellyfish in a previous TV episode. Moreover, because the show is broadcast on network television, it makes it easy for non-experts to discover intriguing new diets via the ‘As Seen On TV’ feature that runs on the side of the television screen while the show plays. No one will forget the commissioner of Keto Animals, which aired in the October 2022 episode of the show. This example showcased an entrepreneur pitching a keto-friendly product to the investors. Hey, up there, did any viewers experience any keto headaches when exposed to these dietary ideas in the show? What happens behind the scenes as production gets these episodes ready for broadcast? In this article we explore the top episodes in the Shark Tank series featuring a keto product, as well as some behind-the-scenes facts about how the show is made.

The Keto Product Pitch

Seeking a super-charged and lucrative deal, the product’s inventor entered the Tell All Shark Tank, awaiting scrutiny from the panel of investors – each with their own financial needs and business acumen. ‘Your keto product is different,’ says the top Shark on the panel, who asks probing questions about ingredients and manufacturing process of the product and its competitive advantage in the health and wellness industry.

The pitch ran for several minutes as the sharks wrangled over its scalability and sales projections. Some felt like keto was a fad with limited staying power; others sensed potential for a niche market to scale up big. Overall, the entrepreneur in question left an impression, prompting a bidding war for a percentage of the keto product.

Eventually, a deal was made, and the entrepreneur ended up with a deal that would help take their business to new heights. The keto product Shark Tank episode not only provided entertainment for those of us watching, it also was likely a conduit for information about the benefits of the keto diet and the potential for entrepreneurship to spur new diet innovations for health and wellness.

Behind the Scenes Insights

A team of producers, directors and crew are working on the opposite side of the Shark Tank set. While the investors tease each other and bide the 30 seconds that a contestant has to make their pitch, another set of producers are crafting those 30-second pitches from the footage they shoot around the country. Cameramen put in countless hours scouting entrepreneurs across the country and asking creative questions to generate talking points. The whole apparatus is geared toward making the episode as entertaining and interesting as possible.

It’s the day of filming, and entrepreneurs about to pitch their businesses and investors warming up to grade the next big idea. The electricity in the room crackles as pitch is made and equity traded, cameras rolling so viewers at home can watch the show.

Once both the entrepreneur and the investors agree to move forward, the real work begins. Both parties have to do due diligence – the entrepreneur has to clean up her act, hire a team, buy or lease a facility, and finalise the legal deal structure. The show might be over, but the cameras have stopped running, and the truly difficult work of making a pitch go from show to reality must begin.

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If an entrepreneur’s business gets enough traction on Shark Tank, that exposure can jumpstart the business’s momentum, leading to new opportunities for further growth. In the case of the keto product, sales and interest spiked after its appearance in The Shark Tank as viewers flocked to learn more about the health and wellness offering.

For anybody watching from home, aspiring to be an entrepreneur – and for many who are – Shark Tank is about dreaming big, and about thinking outside the box when it comes to the business idea. Its success stories, and its many ‘don’t do what I did; do what I say you should’ moments, make the process of business seem possible.

In conclusion, the entrepreneurial spirit of the keto product presented on Shark Tank shows that innovation, passion and teamwork can make or break a business. The show inspires up-and-coming entrepreneurs while giving viewers something to look forward to each week.

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A new study is showing the effectiveness of GLP-1 medication, commonly referred to as weight loss drugs, and how they stack up against bariatric surgery. NBC medical contributor Dr. Natalie Azar joins TODAY to break down the results of the study, the key takeaways and more. » Subscribe to TODAY: https://www.youtube.com/@TODAY About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: https://www.today.com/ Find TODAY on Facebook: https://www.facebook.com/today Follow TODAY on Twitter: https://twitter.com/TODAYshow Follow TODAY on Instagram: https://www.instagram.com/todayshow/ » Stream TODAY All Day: https://www.today.com/allday About: TODAY All Day is a 24/7 streaming channel bringing you the top stories in news and pop culture, celebrity interviews, cooking, and more. All in one place. #weightloss #health #surgery

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