Sun Pharmaceutical Industries has received regulatory approval to manufacture and sell a generic semaglutide injection in South Africa. The South African Health Products Regulatory Authority, or SAHPRA, approved the medicine for adults with inadequately controlled type 2 diabetes. Semaglutide is the active ingredient in Novo Nordisk’s diabetes medicine Ozempic. It is also used in the company’s Wegovy weight-loss treatment. The…
Tag: diabetes treatment
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Aspen secures licensing agreement to enter GLP-1 market
Aspen Pharmacare’s CEO, Stephen Saad, has celebrated the company’s new licensing agreement to enter the rapidly expanding GLP-1 agonist market. He said this milestone marks a “significant coup” for the company, enabling it to prepare for the market by 2026 and capitalise on the anticipated demand for diabetes and obesity treatment solutions. The global GLP-1 market, driven by increased demand…
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As competition heats up, Novo Nordisk’s share price declines
Danish pharmaceutical giant Novo Nordisk, renowned for its diabetes and weight loss drugs Ozempic and Wegovy, has experienced a significant share price drop of around 19% this month. This decline follows its market peak in June, driven by increasing competition from Eli Lilly, a key player in the same space. Eli Lilly has gained substantial momentum with its rival drugs,…