Looking back when COVID-19 hit the world in late 2019 in China, the medical and pharmaceutical industries have skyrocketed in massive demand for protective medical equipment against COVID and big pharma companies started their journey on pharmaceutical and vaccine productions. Back then, the demand for pharmaceuticals and medical equipment jumped to all-time highs. It’s been a while since pharma products have been mentioned in the market but now Ozempic is the most trending pharma product in 2023.
Ozempic was designed for diabetics by Novo Nordisk with the side effect of losing weight. People took it as an advantage and started using Ozempic to lose weight. People who don’t even have diabetes use Ozempic to lose weight. A lot of concerns came around that obviously, high usage of prescribed medicine can cause actual side effects which are not only weight loss. Some of the side effects that Ozempic can cause are actually very bad for our health.
The demand for Ozempic is so high that the company Novo Nordisk does not match the production requirement, yet Novo Nordisk is an exclusive seller of Ozempic. Novo Nordisk has a patented structure and is solely producing all of its medical and pharma products by itself including Ozempic.
Novo Nordisk is a public Danish company. Recently Novo Nordisk stock price has experienced negative movements due to the rumors of Ozempic causing serious side effects on human health.
Ozempic on the other hand, now being the most famous pharmaceutical product, is trending in every country. From the US to Europe to the Middle East and Asia, the available production supply cannot keep up with the demand.
Ozempic opens up new business for trading companies that facilitate the pharmaceutical global supply chain. Due to huge orders in almost any major country especially in the US, pharma and medical trading companies are stepping forward to hunt Ozempic stocks from global markets and import them to the US and make a profit from it.
However, when dealing with international trading companies multiple factors should be considered before transacting and those primarily are about trust. This subject we have already covered in our article about ‘wild oil trading in powerful global markets‘ and what role trading companies take when trading something trending and expensive which is pretty much the same structure when trading any other trending commodity or product.