New Delhi: The nation’s anti-obesity market is headed for a pricing shake-up, with a clutch of pharma corporations readying plans to launch inexpensive variations of the blockbuster weight-loss medicines Wegovy and Ozempic. This follows the expiry of the patent of semaglutide, the important thing ingredient in these injectable drugs, on March 20, clearing the entry of over six-to-seven gamers, together with Solar Pharma, Zydus Lifesciences, Dr Reddy’s and Natco Pharma, on Day 1 (March 21) itself.
Extra corporations are anticipated to enter the race over subsequent few months, setting the stage for reducing of costs in a section, that has to this point been dominated by costly innovator manufacturers.
Analysts anticipate the practically Rs 1400 crore weight-loss market to double in a 12 months. General, the antidiabetic remedy market grew over 15% in Jan, led by the fast uptake of progressive therapies, together with Eli Lilly’s Mounjaro at Rs 112 crore gross sales, the most recent information from analysis agency, Pharmarack mentioned.
“Decrease-priced generics are anticipated to sharply widen entry, with the market anticipated to develop 10-fold over subsequent few years as competitors intensifies,’’ they advised TOI.
Pricing particulars should not accessible however analysts anticipate generic model of semaglutide shall be priced roughly 50% cheaper — round Rs 3,500 to Rs 4,000 per 30 days (for the beginning dose), translating into substantial positive factors for sufferers.
Blockbuster therapies — Wegovy and Mounjaro, marketed by Novo Nordisk and Eli Lilly respectively, had been launched at “India-specific costs” final 12 months, whereas the worldwide bestseller Ozempic made its India debut in Dec. In Nov final 12 months, Novo Nordisk slashed the Wegovy value by 37%, bringing down the beginning dose value to Rs 10,000 per 30 days for the bottom energy.
A number of corporations with a big continual play out there might be frontrunners within the race.
Solar Pharma’s MD Kirti Ganorkar advised TOI: “As India’s largest pharmaceutical firm with management in cardiometabolic therapies, we’re dedicated to enhancing entry to generic semaglutide throughout the nation after the patent expiry. Solar Pharma plans to be out there on day-one of the generic launch. We’re nicely positioned throughout each indications, continual weight administration and kind 2 diabetes. Our manufacturers shall be accessible in an easy-to-use prefilled pen format, and we’ll guarantee enough provide to meet the demand in India.”
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