India's cheap weight-loss drugs could reshape global obesity fight

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The patent for semaglutide, the active ingredient in weight-loss drugs Wegovy and Ozempic, expires in India this week, paving the way for domestic pharmaceutical companies to produce cheaper generic versions. Analysts predict a surge of competition, with potentially 50 branded generics entering the market within months, significantly reducing prices and expanding access to the drug. This development could reshape the obesity treatment landscape in India, with the semaglutide market potentially reaching $1 billion. Major Indian firms like Cipla, Sun Pharma, and Dr Reddy's Laboratories are preparing to launch their own versions. The availability of affordable semaglutide in India could eventually impact other countries as well.
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AI-ExtractedInvestment bank Jefferies has called it a potential 'magic-pill moment' for India.
The patent on semaglutide expires in India this week.
Generic competition could push monthly treatment costs down to roughly 3,000-5,000 rupees ($36-54).
Analysts expect around 50 branded semaglutide generics to enter the market within months.
India's pharmaceutical industry is expected to double by 2030.
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