India has a huge generic drug market. They make all kinds of meds for low prices. Years ago there was a antivral drug for Hepatitis called Harvoni it was selling for $90.000 they were selling it for $100. Canada can produce ozempic generics but so far they're not been approved. You wonder whats holding them back? Canadian markets will be flooded with people on ozempic to lose weight.
India drugmakers to sell Ozempic copy for $14 a month as Novo patent expires
Indian drugmakers seized on the patent expiry for Novo Nordisk A/S’s blockbuster weight-loss and diabetes medication to roll out cut-price generic versions in a nation with the third-largest overweight population.
Natco Pharma Ltd. plans to make an injection for semaglutide — the active ingredient in both Ozempic and Wegovy — at one of the lowest starting prices of 1,290 rupees ($14) a month. Its pen device is expected to launch by April and cost about 4,500 rupees a month, it said in a filing.
By comparison, Novo’s Wegovy pen starts at about 10,480 rupees in India and about $199 in the U.S. under the self-pay model. Monthly prices for semaglutide products at others like Sun Pharmaceutical Industries Ltd., Dr. Reddy’s Laboratories Ltd. and Glenmark Pharmaceuticals Ltd. range from about 1,300 rupees to 8,000 rupees.
While Canada was the first to lose patent protection for semaglutide in January, the Canadian health regulator hasn’t approved any generics so far, effectively making India the first major market to see a flood of copycat versions. The ensuing price war will be closely watched as the Danish drugmaker faces patent expiries in key markets including China, Brazil and Turkey.
Bloomberg News parsed company filings and earnings call transcripts to identify at least 12 large drugmakers that have plans to sell generic semaglutide soon after patent expiry. But the true scale of competition will be much higher.
About 42 drug manufacturers, including smaller ones, are expected to launch products under more than 50 brand names this year, said Sheetal Sapale, a researcher at market data firm Pharmarack.
nationalpost.com
India drugmakers to sell Ozempic copy for $14 a month as Novo patent expires
Indian drugmakers seized on the patent expiry for Novo Nordisk A/S’s blockbuster weight-loss and diabetes medication to roll out cut-price generic versions in a nation with the third-largest overweight population.
Natco Pharma Ltd. plans to make an injection for semaglutide — the active ingredient in both Ozempic and Wegovy — at one of the lowest starting prices of 1,290 rupees ($14) a month. Its pen device is expected to launch by April and cost about 4,500 rupees a month, it said in a filing.
By comparison, Novo’s Wegovy pen starts at about 10,480 rupees in India and about $199 in the U.S. under the self-pay model. Monthly prices for semaglutide products at others like Sun Pharmaceutical Industries Ltd., Dr. Reddy’s Laboratories Ltd. and Glenmark Pharmaceuticals Ltd. range from about 1,300 rupees to 8,000 rupees.
While Canada was the first to lose patent protection for semaglutide in January, the Canadian health regulator hasn’t approved any generics so far, effectively making India the first major market to see a flood of copycat versions. The ensuing price war will be closely watched as the Danish drugmaker faces patent expiries in key markets including China, Brazil and Turkey.
Bloomberg News parsed company filings and earnings call transcripts to identify at least 12 large drugmakers that have plans to sell generic semaglutide soon after patent expiry. But the true scale of competition will be much higher.
About 42 drug manufacturers, including smaller ones, are expected to launch products under more than 50 brand names this year, said Sheetal Sapale, a researcher at market data firm Pharmarack.
India drugmakers to sell Ozempic copy for $14 a month as Novo patent expires
About 42 drug manufacturers, including smaller ones, are expected to launch products under more than 50 brand names this year.





