1On August 8th, 2023, Novo Nordisk, a Danish pharmaceutical company, published data from their SELECT study on adults who were 45 years or older that were overweight with a diagnosis of CVD, and found that participants who received the GLP-1 medication Wegovy (semaglutide), significantly reduced the risk of CVD related death by 22%. The SELECT study (Semaglutide Effects on Heart Disease and Stroke in Patients with Overweight or Obesity) is a large, randomized, placebo-controlled trial that investigated the effects of semaglutide on the risk of major adverse cardiovascular events (MACE) in people with overweight or obesity and established cardiovascular disease (CVD).
2Among OECD member countries, the United States had the highest percentage of gross domestic product spent on health care in 2022. The U.S. spent nearly 16 percent of its GDP on health care services. OECD stands for Organization for Economic Co-operation and Development. It is an economic organization consisting of 38 member countries.
The views expressed are the views of Fred Alger Management, LLC (“FAM”) and its affiliates as of October 2023. These views are subject to change at any time and may not represent the views of all portfolio management teams. These views should not be interpreted as a guarantee of the future performance of the markets, any security or any funds managed by FAM. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities.
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The American Heart Association (AHA) is a nonprofit organization in the United States that focuses on cardiovascular health through public education, research funding, and advocacy efforts.
The Centers for Disease Control and Prevention (CDC) is a U.S. federal agency that conducts research and provides information to protect public health and safety through the control and prevention of diseases, injuries, and other health hazards.
The Food and Drug Administration (FDA) is responsible for protecting the public health by assuring the safety, efficacy, and security of human and veterinary drugs, biological products, medical devices, our nation's food supply, cosmetics, and products that emit radiation.
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The following positions represent firm wide assets under management as of August 31, 2023: Novo Nordisk A/S 0.04%
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