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Uploaded: 2024-06-08T10:30:02.379Z
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#VantageOnFirstpost Indian, Chinese Drugmakers Ready to Challenge Ozempic's Dominance | Vantage with Palki Sharma Drug makers in China are gearing up to challenge Ozempic's Dominance. Reports say, at least 15 generic versions of the weight loss drug are under development. Drug makers in India too are trying to come up with their own versions. A report in February had claimed that Indian pharma companies have begun developing their own versions. Generic versions of the drug could help in bringing the price of the jab down. But it also raises new risks. Palki Sharma tells you more. --- Indian | Chinese | Drug makers | Ozempic | Firstpost | World News | News Live | Vantage | Palki Sharma | News #indian #chinese #drugmakers #ozempic #firstpost #vantageonfirstpost #palkisharma #worldnews

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Now let's talk about the latest fad in the health space, weight loss drugs, also known as skinny jabs. 2 brands are ruling this market, Ozempic and Bigari. The demand has exploded in the past two years, they have become big money spinners. Both jabs are made by the same company, that is Novo Nordisk, and they have elevated the economy of an entire country, their home country, Denmark. So obviously the world has taken notice and many drug makers want it replicated. The success to be replicated. Especially in India and China, they're coming up with homegrown versions of these jabs. First, let's talk about what's happening in China. It is about to become a battleground for weight loss drugs. Right now, this market is dominated by Ozempic. Last year, Ozempic sales doubled in China. Jabs worth $698 million were sold. So Ozempic is minting money, but its supremacy could soon be challenged. Because the Chinese are developing at least 15 generic versions of this drug, 11 pharma companies are already conducting trials on their versions of the jab. These trials are in the final stage, which should not be surprising because the Chinese can copy anything. That's one thing they've aced copying. Plus they've got their timing right. I'll tell you how in 2026, the patent is about to expire in China. The patent is on something called semaglutide, which is a medication. It's the key ingredient in weight loss drugs. It is used to make the Ozempic and Bigari injections. Right now semaglutide is patented and the Danish company Novo Nordisk holds the patent. Semaglutide helps in reducing food appetite, in reducing your appetite so you don't feel hungry and you eat less. It also improves blood sugar control to magnetite is associated obviously with a profound weight loss, a really good impact on glycemic control and that is also important in patients suffering from obesity because. As I said, some of the patients actually had pre diabetes. We know that some magnetite works on blood pressure, it works on dyslipidemia and then importantly it also have a really profound impact on inflammation. So Sema glue tide is an essential ingredient and it's about to go patent free in China. Only in China because different patent laws apply in different countries. And this presents an opportunity for the Chinese drug makers. Once the patent expires, semaglutide won't be exclusive. So anyone can use it to make drugs. More importantly, anyone can use it to make skinny jabs. And this is a clear threat to Novo Nordisk. They've taken the matter to court. But these challenges will keep coming because Indian drug makers are also eyeing the very same market. At least four of them, Sun Pharma, Cipla, Doctor Reddy's and Lupin. They've all started work on their own weight loss jabs. These are among the biggest generic drug makers. So if they can make a successful jab. They may end up getting orders from across the world, which brings us to another question. Why does everyone want a slice of this market? Because the pie is very big, it's a very lucrative market. By the end of this decade, the weight loss market is projected to be worth over $100 billion. Today, Novo Nordisk commands the biggest share of the market. It's practically a monopoly. It controls the patents, so it sells the drugs at high prices. Look at the price in the United States, Ozempic costs around $1000 a month, Vigui $1350. 13150 dollars. A generic version of this drug should be cheaper. It will also be more affordable for patients and more patients can access it. A cheaper version is also very much possible. Experts say a drug like Ozempic can be made for as little as $5.00 a month. But there are risks too. Here in India, sellers have tried to smuggle these drugs. There have also been reports of counterfeiting. Ozempic is not officially available in the country, but there's an extraordinary demand for it. What do you think will happen will happen when a generic version appears? The consumption is bound to shoot up and if unregulated it could also be dangerous. Look at the volume sold in the US. In the last three months of 2022, healthcare providers wrote some 9 million prescriptions in America. And this happened after the regulators allowed doctors to prescribe Ozempic for weight loss. Imagine what would happen in a country like India where regulation is not the best and patients tend to buy drugs over the counter without proper prescription. So this market is certainly expanding. More players are sure to enter it at some point. And before these new jabs hit the market, regulators around the world need to work on their strategy. 1st Post reports from the world's second largest continent. Hello, I'm Allison LaGrange, a very warm welcome from Durban, South Africa. We get you the news and the newsmakers from Africa, from elections to climate change to innovations. And opportunities as the world's attention shifts, we report from Africa, the heart of the global S. Join me every weekday live on 1st Post.

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