Medifast launches high-protein mini meals, shares climb 4.9%

Investing.com -- Medifast (NYSE:MED ), a health and wellness company, has seen an increase in its shares by up to 4.9% following the launch of a new product line.

The new products are high-protein, fiber-rich mini meals and a daily nutrient pack. These are specifically designed for individuals who are on GLP-1 medications and for those seeking assistance in maintaining their weight.

The GLP-1 medications are typically prescribed to individuals with certain health conditions, and the new product line by Medifast aims to cater to their dietary needs.

“Obesity is a chronic health condition, and findings from a recent clinical trial  suggest that ongoing support is essential for sustaining progress in weight and overall health,” Satya Jonnalagadda, Vice President of Scientific and Clinical Affairs at Medifast said in a press release.

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Source: Investing.com