Dalrada Financial Corporation’s Wholly-Owned Subsidiary, Genefic, Inc. Announces New Telemedicine Services, Enters Booming Weight Loss Drug Market

The pharmaceutical subsidiary plans on capturing a large portion of a growing market with an innovative prescription method.

SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada,” “the Company”), announced today that its wholly-owned healthcare subsidiary, Genefic, Inc. (“Genefic”), has added a telemedicine service to its specialty pharmacy, allowing Genefic to efficiently offer clients direct access to its pharmaceuticals, including access to Genefic’s own weight loss drug, as the subsidiary enters the world’s booming weight loss drug market.

With the global weight loss drug market currently worth approximately $6 billion and projected to reach nearly $100 billion by the end of the decade, the overall popularity of weight loss drugs is driving a meteoric rise in market value.

Additionally, the expected compound annual growth rate (CAGR) of 45.7% suggests that 2024 is ideal for Genefic to enter the weight loss drug market, according to the subsidiary’s president, Dan Riley.

“Through the use of our robust new telemedicine service, we’re now able to offer a selection of the most successful weight loss drugs on the market today,” said Riley. He continued, “Genefic has already partnered with one of the world’s leading weight loss providers with more than two decades of established market acceptance. We know that this will accelerate further expansion of our client base.”

Increased awareness and acknowledgment of the efficacy of weight loss drugs have caused several celebrities including Oprah Winfrey, Elon Musk, Tracy Morgan, and Kelly Clarkson, among others, to tout their success—and the general public is following suit.

Brian Bonar, CEO of Dalrada, added, “We’re excited about providing access to these life-changing medications, and we believe this will open the door to similar opportunities within the specialty pharmacy space. Working within the weight loss drug market will present us with a wider reach than ever before while driving significant revenue.”

About Dalrada Corporation

Dalrada Financial Corporation (OTCQB: DFCO) is a multi-national holding company that develops, manufactures, and sells a robust suite of products and services in the Clean Energy and Health Care sectors. Dalrada’s core segments include Dalrada Climate Technology, which offers cutting-edge heat pump technology for industrial and residential applications, and Genefic Specialty Pharmacy, which provides end-to-end prescription services as well as patient advocacy and support.