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Don't they have a patent which makes competition non-existent for the near future?

There are numerous compounding pharmacies selling generic ozempic (Semaglutide)

There is competition, I see ads on Facebook and Instagram for it all the time, there are clinics all over where I live advertising Semaglutide treatment for weight loss.

Additionally, "Ozempic" (semaglutide) has become the blanket word to describe an entire class of drugs (GLP-1 Agonists) that all kind of do the same thing. Some of which have already been proven in clinical trials to be even more effective than Ozempic (ex. Tirzepatide)

It's like when COVID hit and somehow "Zoom" became the shorthand for online video meetings even though there were (and still are) a ton of options for that functionality on the market.

There are multiple formulations, e.g. Ozempic vs Wegovy.

Both Ozempic and Wegovy are manufactured by Novo Nordisk. That’s not competition. It is market segmentation as they are marketed for different uses.

Oh, didn’t know that. Doesn’t Eli Lilly have a competitor?

They do. It's called Mounjaro.

Ozempic is for diabetics, wegovy is for weight loss

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