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Virta's biggest competitor, Omada Health, is using a similar strategy as the diabetes startup approaches an IPO

"Net, we continue to view GLP-1 adoption as part of the broader health and wellness shift, representing an ongoing pressure point for food companies and underpinning our skepticism on center-store food stocks, though increasingly reflected in valuations and potentially more manageable over time," states Morgan Stanleys Megan Clapp