Canada Approves Dr. Reddy’s Generic Version of Novo Nordisk’s Ozempic - WSJ
Canada approved a generic version of semaglutide (the active ingredient in Ozempic) made by Dr. Reddy's Laboratories. This generic copy is cheaper and could give more people access to the weight-loss and diabetes drug.
First generic semaglutide approval in a major market signals the start of Novo's loss-of-exclusivity erosion, with Dr. Reddy's positioned to undercut Ozempic on price.
- Canada approved Dr. Reddy's generic version of semaglutide
- Semaglutide is the active ingredient in Novo Nordisk's Ozempic
- Generic is cheaper and aims to broaden access for diabetes and weight loss