Latest / Earn Your Leisure / Ozempic Maker Novo Nordisk Faces Massive Lawsuits Over Causing Blindness – Investors Beware

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Ozempic Maker Novo Nordisk Faces Massive Lawsuits Over Causing Blindness – Investors Beware · Earn Your Leisure

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  Speaker 3: All right, Novo Nordic and Eli Lilly are both facing
• 1:58
  Speaker 3: a growing federal multi district litigation over two thousand lawsuits
• 2:04
  Speaker 3: so far, which are estimated to be, you know, valued
• 2:09
  Speaker 3: at over two billion dollars as far as like how
• 2:11
  Speaker 3: much they're actually asking for over in o Zimpic and
• 2:16
  Speaker 3: similar drugs. Some cases allege rare vision problems among other issues.
• 2:25
  Speaker 3: So okay, we'll talk about both companies, but let's talk
• 2:28
  Speaker 3: about Novo first. And you know, the Ozimpic conversation is
• 2:31
  Speaker 3: interested in it because I hate to say that I
• 2:33
  Speaker 3: told you so, but I did because last year I
• 2:36
  Speaker 3: was like, you know, as far as seen this movie
• 2:39
  Speaker 3: happen before, we don't know what's gonna happen next. But
• 2:42
  Speaker 3: whenever something good happens, there's a Chinese parable. And if
• 2:46
  Speaker 3: you watch the movie Charlie Wilson's War, right at the
• 2:50
  Speaker 3: end of the movie, they tell the parable because Charlie
• 2:54
  Speaker 3: Wilson's War is about Afghanistan history. Let's go into a
• 2:59
  Speaker 3: history rabbit hole. Okay, Afghanistan in the eighties was fighting
• 3:09
  Speaker 3: the Soviet Union. At the time, the Soviet Union was
• 3:13
  Speaker 3: America's biggest enemy, right, so what did America do? America
• 3:18
  Speaker 3: backed the rebels in Afghanistan and Afghanistan pulled off a
• 3:24
  Speaker 3: very unlikely defeat. Who was who was one of the
• 3:28
  Speaker 3: leaders of the rebels in Afghanistan that America funded? Put
• 3:35
  Speaker 3: in Chat put in Chat? This is like, uh, what's that.
• 3:40
  Speaker 1: Show, dude, bake up the court.
• 3:45
  Speaker 3: Who was one of the leaders, who was one of
• 3:47
  Speaker 3: the leaders in Afghanistan in their fight against the Soviet
• 3:52
  Speaker 3: Union that the United States of America funded?
• 3:58
  Speaker 1: Riot boy?
• 3:59
  Speaker 3: Oh sama?
• 4:01
  Speaker 1: Then love? Is that in the YouTube privacy?
• 4:07
  Speaker 3: No, that's the historical fact. That's that's not controversial, that's historical.
• 4:11
  Speaker 3: That's a document. That's a sixty minute special document Jesus.
• 4:18
  Speaker 4: That might not be in the global that should be
• 4:20
  Speaker 4: in the global studies curriculum.
• 4:22
  Speaker 1: I should know that. Okay.
• 4:24
  Speaker 3: So at the end, so at the end, everybody's happy
• 4:29
  Speaker 3: that they won the war, right, And Charlie Wilson and
• 4:33
  Speaker 3: not the Charlie Wilson that we know. Charlie Wilson was
• 4:36
  Speaker 3: a senator, but he was telling he was lobbying the
• 4:44
  Speaker 3: Congress that look, we need to we need to support Afghanistan,
• 4:49
  Speaker 3: help them rebuild their country because if not, it's a
• 4:53
  Speaker 3: vacuum and it's going to go into chaos and they're
• 4:56
  Speaker 3: gonna end up hating us. Nobody took them, siou. They
• 5:01
  Speaker 3: never gave any money, They didn't rebuild the country. They
• 5:03
  Speaker 3: just left them alone and just say, yeah, you're on
• 5:04
  Speaker 3: your own now. The rise of the Talent Band comes
• 5:08
  Speaker 3: directly from that, say that, to say, you never know
• 5:14
  Speaker 3: in life. You gotta be patient. You gotta be patient.
• 5:18
  Speaker 3: What looks like a blessing could be a curse. What
• 5:20
  Speaker 3: looks like what looks like a curse can be a blessing.
• 5:23
  Speaker 3: When this whole ozimpic thing started to go crazy. I said, listen,
• 5:30
  Speaker 3: most good things have some level of negative side effect.
• 5:33
  Speaker 1: Let's see what happens.
• 5:35
  Speaker 3: I just had a strong suspicion that if people are
• 5:38
  Speaker 3: losing weight this quickly, there's a negative trade off, and
• 5:44
  Speaker 3: that negative trade off would lead to billions of dollars
• 5:47
  Speaker 3: in lawsuits down the line. Lo and behold. One year later,
• 5:52
  Speaker 3: that's exactly what happens. Stock went from one hundred and
• 5:55
  Speaker 3: forty two dollars to fifty four dollars currently, fell off
• 5:59
  Speaker 3: a cliff, going blind.
• 6:02
  Speaker 5: That's crazywns. We've ever seen for a publicly traded company too.
• 6:07
  Speaker 4: In that space inside the lawsuit, here are the side
• 6:11
  Speaker 4: effects that are actually going to be a part of litigation.
• 6:15
  Speaker 4: Stomach paralysis, intestinal blockages, persistent vomiting, go back issues, pancreatis,
• 6:21
  Speaker 4: kidney damage, and sunning.
• 6:22
  Speaker 1: Vision loss linked to a condition called naion. The vision losses.
• 6:27
  Speaker 1: But that's crazy. Yeah, that's crazy vision.
• 6:31
  Speaker 3: You're taking medicine to lose weight and then you just
• 6:34
  Speaker 3: can't see one day.
• 6:35
  Speaker 1: Well, you're taking it for diabetes first.
• 6:37
  Speaker 3: Well most people, they figured out people just started taking
• 6:40
  Speaker 3: it just to lose weight.
• 6:41
  Speaker 1: Yeah.
• 6:42
  Speaker 3: Now I'm very sensitive that obesity is an epidemic in
• 6:48
  Speaker 3: our nation, in our community. So I don't want to
• 6:50
  Speaker 3: be insensitive to anybody that has taken ozmpic. But nine
• 6:57
  Speaker 3: times out of ten, when you're doing things and you're
• 7:00
  Speaker 3: you're cutting corners, it's going to You're going to come back.
• 7:05
  Speaker 3: So their defense and I'm not here to defend them.
• 7:07
  Speaker 4: Inside the litigation, Chan says, they're saying that, yes, all
• 7:11
  Speaker 4: drugs do come aside effects, but they're at there actively
• 7:14
  Speaker 4: suing pharmacies for producing unapproved versions of the g lp ones.
• 7:21
  Speaker 4: So people would get in the off brand is what
• 7:25
  Speaker 4: they're saying. Right, Like you weren't getting with GOVI got
• 7:27
  Speaker 4: cut twice. You can't get stepped on it.
• 7:30
  Speaker 3: Got stepped on cut. You know what's so crazy too?
• 7:32
  Speaker 3: Like shout out to my guy Chocolate. He's a designer
• 7:34
  Speaker 3: from Ghana. So he came to America for investmentest and
• 7:39
  Speaker 3: I saw him the first day that he came and
• 7:41
  Speaker 3: he had a headache. He was with him and his
• 7:43
  Speaker 3: other guy and I'm like, yo, you need a m
• 7:49
  Speaker 3: and he.
• 7:49
  Speaker 1: Was like.
• 7:51
  Speaker 3: He's like we don't take He's like from Africa, Like
• 7:54
  Speaker 3: we're going to take a natural route. Then he gave
• 7:56
  Speaker 3: me a whole ten minute education on a natural room
• 8:00
  Speaker 3: and how you how you can cure headaches naturally?
• 8:04
  Speaker 1: Dad.
• 8:04
  Speaker 3: But the way he said avil, you would think I
• 8:06
  Speaker 3: offered him crack cocaine. But that goes back to our
• 8:12
  Speaker 3: Western We have so much medicine that we don't even
• 8:17
  Speaker 3: think about about it. We don't think about what's natural,
• 8:20
  Speaker 3: We don't think about how can we do this organically?
• 8:23
  Speaker 3: We just think, Yo, right, I'm just gonna go to
• 8:25
  Speaker 3: CVS and I'm gonna get right until until you until
• 8:28
  Speaker 3: you have these side effects. So be careful to anybody
• 8:33
  Speaker 3: that's taking these drugs because obviously it has a lot
• 8:35
  Speaker 3: of negative side effects. Now, as far as the business
• 8:38
  Speaker 3: is concerned, Nova was a stock that was flying high
• 8:41
  Speaker 3: and it's come down dramatically.
• 8:43
  Speaker 1: Is it over?
• 8:46
  Speaker 5: No, it's not over because I don't want to do
• 8:49
  Speaker 5: the dead or a live thing. Are they in critical condition?
• 8:52
  Speaker 1: Yes?
• 8:53
  Speaker 5: Like going back to best in class. At one point
• 8:56
  Speaker 5: I had people telling me Novo was a better company
• 8:58
  Speaker 5: than Lily. How also, too write this down, you have
• 9:03
  Speaker 5: to study the history of the category. Any company that
• 9:09
  Speaker 5: has a product that is publicly traded that is guaranteed
• 9:12
  Speaker 5: to have you lose weight. Going back to Finn Finn
• 9:15
  Speaker 5: of the nineteen eighties and nineteen nineties, this category normally
• 9:19
  Speaker 5: has been a.
• 9:22
  Speaker 3: Disaster.
• 9:23
  Speaker 5: Novo had Cockrisima back in the day. Like this entire
• 9:28
  Speaker 5: class of rapid result weight loss. The issue is always
• 9:31
  Speaker 5: heart or stomach issues or liver issues. So it may
• 9:34
  Speaker 5: have a blockbuster rise for a little bit, but it's
• 9:37
  Speaker 5: not sustainable.
• 9:38
  Speaker 1: The things that makes Littally different.
• 9:39
  Speaker 5: They have a bunch of other drugs, world class executive
• 9:42
  Speaker 5: leadership and different modes that Novo does not have. But
• 9:46
  Speaker 5: if you go to look at the history of these
• 9:49
  Speaker 5: going back to the nineteen going back to nineteen sixty four,
• 9:55
  Speaker 5: within seven years there's lawsuits or collapse in the stock
• 9:59
  Speaker 5: tie to weight law products. It's not natural like and
• 10:03
  Speaker 5: then even gop ones the venom from a.
• 10:07
  Speaker 1: Geala lizard astracted.
• 10:11
  Speaker 5: It's not probably so you're putting but that was for
• 10:14
  Speaker 5: my Christians. If you're putting lizard and snake venom in
• 10:17
  Speaker 5: your body to get the weight of the world off
• 10:19
  Speaker 5: of you, yeah, that makes I don't even want to
• 10:23
  Speaker 5: go into the inferias reptilian lord world view. But that's
• 10:29
  Speaker 5: not what I want to do. Knowing the source of
• 10:32
  Speaker 5: the thing is really important. So this space as a whole,
• 10:36
  Speaker 5: it's not one that I like to even look to
• 10:39
  Speaker 5: invest in long term.
• 10:41
  Speaker 4: The snake thing is a little bit exaggerated, a little bit,
• 10:44
  Speaker 4: A little bit. I did the deep dive into that.
• 10:46
  Speaker 4: I was because I was interested. I'm like, like, oh,
• 10:49
  Speaker 4: this is crazy, but it's Novo dead. No, they're not dead.
• 10:52
  Speaker 4: Five years ago they were trading thirty dollars. Think about that.
• 10:58
  Speaker 4: I'm going to say, they make you get back to that.
• 11:02
  Speaker 1: Now, can I land the plane? I land the plane.
• 11:05
  Speaker 1: They were at.
• 11:05
  Speaker 4: Thirty dollars right before the weight loss craze happened, right
• 11:09
  Speaker 4: they o Zepik was the name. It also became like
• 11:12
  Speaker 4: band aid. And obviously Lily has come in the problem.
• 11:16
  Speaker 4: And I think you laid it out pretty nicely. The
• 11:19
  Speaker 4: one thing that they don't have is they're not an
• 11:20
  Speaker 4: American company.
• 11:21
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