Wegovy® (Semaglutide) is a medication used to treat type 2 diabetes but may also be prescribed for weight loss when deemed suitable. It is important to note that Wegovy (Semaglutide) may have potential serious side effects, including the risk of developing thyroid tumors. Therefore, it should not be used if you or your family have a history of a specific type of thyroid cancer called MTC or MEN 2 Read more about serious warnings and safety info.