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Novo Nordisk braces for generic challenge to Ozempic, Wegovy in China

By Andrew Silver SHANGHAI (Reuters) - Novo Nordisk is facing the prospect of intensifying competition in the promising Chinese market where drugmakers are developing at least 15 generic versions of its diabetes drug Ozempic and weight loss treatmen. ....

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Novo Nordisk braces for generic challenge to Ozempic, Wegovy in China

SHANGHAI (Reuters) -Novo Nordisk is facing the prospect of intensifying competition in the promising Chinese market where drugmakers are developing at least 15 generic versions of its diabetes drug Ozempic and weight loss treatment Wegovy, clinical trial records showed. The Danish drugmaker has high hopes that demand for its blockbuster drugs will surge in China, which is estimated to have the world's highest number of people who are overweight or obese. Ozempic won approval from China in 2021 and Novo Nordisk saw sales of the drug in the greater China region double to 4.8 billion Danish Krone ($698 million) last year. ....

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Factbox-Chinese drugmakers developing generic drugs of Novo Nordisk's Ozempic

Factbox-Chinese drugmakers developing generic drugs of Novo Nordisk's Ozempic
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Muralikumar Anantharaman , Bio Biopharm , Andrew Silver , Livzon Pharmaceutical Group , Brilliant Pharmaceuticals , Sino Biopharmaceutical , Novo Nordisk , Jiuyuan Gene Engineering , Biopharmaceutical Limited ,