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Key Summary Prices are anticipated to fall 30-50 percent initially, with the potential for deeper cuts of up to 70-75 percent over time Dr Reddy's could be the first generic player among Indian companies to launch in Canada, and Sun Pharma in Brazil The launch of generic semaglutide is projected to boost overall Indian Pharmaceutical Market (IPM) growth by 0.5-1 percent The impending patent expiry of semaglutide drugs, used to treat diabetes and obesity, across India, emerging markets and select regulated markets such as Canada and Brazil, is expected to unlock a huge revenue opportunity, says a report
However, the rate of progress varies due to several factors, such as: There is no definitive timeline for achieving results
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