Indian pharmaceutical firms Sun Pharmaceutical Industries, Zydus Lifesciences, and Alkem Laboratories have received approval from the country's drug regulator to manufacture and sell generic versions of Novo Nordisk's blockbuster drugs Wegovy and Ozempic, according to regulatory data reviewed by Reuters.
Zydus Lifesciences and Alkem Laboratories were granted clearance last week for generic semaglutide to treat obesity and diabetes, intensifying competition in the rapidly expanding market of the world's most populous country.
The global market for weight loss medications is expected to reach approximately $150 billion by the end of the decade.
Novo Nordisk A/S specializes in the design, manufacture and marketing of pharmaceutical products. Net sales break down by family of products as follows:
- diabetes and obesity treatment products (93.7%);
- rare disease treatment products (6.3%): intended for the treatment of haemophilia, blood disorders, hormonal disorders, etc.
Net sales are distributed geographically as follows: Europe and Canada (21.4%), the United States (56%), Latin America/Middle East/Africa (9.9%), China/Hong Kong/Taiwan (6%), Asia/Pacific (6.7%).
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