FOX Trade’ Lydia Hu studies on the most recent information rising from the pharmaceutical business as the medicine scarcity within the U.S. reaches a brand new document. WeightWatchers introduced Friday that CEO Sima Sistani has stepped down from the activity and is now not at the corporate’s board after 2½ years main the burden loss corporate. Sistani has been changed by means of unbiased board member Tara Comonte, who will function CEO on an intervening time foundation. Comonte up to now served because the president and CFO of Shake Shack. 
An indication for WeightWatchers is displayed at an place of work in Decrease Big apple, New York, Oct. 19, 2015. (Reuters/Brendan McDermid / Reuters) Right through her tenure, Sistani oversaw WeightWatchers’ 2023 acquisition of telehealth platform Collection, now referred to as WeightWatchers Hospital, increasing into weight problems drug prescriptions. Sistani embraced using weight reduction medicine in more than a few interviews throughout her tenure. DOCTORS DRAW ATTENTION TO SAFETY ISSUES ASSOCIATED WITH POPULAR WEIGHT-LOSS DRUGS Regardless of this, the corporate’s stocks have plummeted about 90% this yr because of the emerging approval for GLP-1 medicine like Ozempic and Wegovy, that have impacted its conventional weight reduction program.Ticker Safety Final Exchange Exchange % WW WW INTERNATIONAL INC. 0.83 -0.02
-2.11%
In February, the corporate’s inventory took any other hit after it disclosed that famous person shareholder Oprah Winfrey would go out its board and donate her inventory to the Nationwide Museum of African American Historical past and Tradition.OZEMPIC, WEGOVY SCAMS SKYROCKET AS DEMAND SURGES FOR EXPENSIVE WEIGHT LOSS DRUGS 
WeightWatchers introduced Feb. 28, 2024, that Oprah Winfrey would now not be a member of its board. (Wealthy Polk/Golden Globes 2024/Golden Globes 2024 / Fox Information)Comonte joined the WeightWatchers’ board in June 2023. She up to now served as CEO of TMRW Existence Sciences after operating as a president and finance leader at fast-food chain Shake Shack.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe corporate additionally reaffirmed its prior full-year 2024 forecast for earnings and altered running source of revenue on Friday.Reuters contributed to this record.
