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Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gaspricesHYDERABAD - Indian drugmaker Biocon, looking to grab a piece of the exploding weight-loss drug market as early as possible, is developing its own version of Novo Nordisk's wildly popular Wegovy and is prepared to conduct a clinical trial next year if needed, the CEO told Reuters.
Semaglutide will lose patent protection in those countries in 2026, Mittal said, adding that the company is talking to local manufacturers regarding partnerships to ensure supply. The company is also developing a version of tirzepatide, the active ingredient in Eli Lilly's rival obesity treatment Mounjaro and Zepbound, Mittal said, without providing details on the timing or initial marketing strategy.
Novo has so far launched Wegovy in a few wealthy countries, but said it aims to bring the drug to India by 2026.
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