** Shares of telehealth firm WW International WW.O, formerly known as WeightWatchers, fall 44.9% to 43 cents premarket
** Co late on Tuesday said it has filed for Chapter 11 bankruptcy protection to cut its debt
** GLP-1 drugs such as Novo Nordisk's NOVOb.CO Wegovy and Eli Lilly's LLY.N Zepbound hit demand for its traditional weight-loss programs
** Co said the reorganization plan will eliminate $1.15 billion in debt from its balance sheet
** Estimated assets and liabilities were in the range of $1 bln to $10 bln according to the Chapter 11 petition filed in Delaware bankruptcy court
** Up to last close, stock down 37.6% YTD
(Reporting by Sneha S K)
((Sneha.SK@thomsonreuters.com))
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