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Indian generics slash Ozempic and Wegovy prices by 70% after semaglutide patent expires

Market News
23 Mar 2026
Benzinga
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Neutral
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Following the expiration of the Indian patent for semaglutide, over 40 Indian pharmaceutical companies are launching affordable generic versions of weight-loss drugs Ozempic and Wegovy, cutting prices by about 70%. Major firms like Sun Pharmaceutical, Dr. Reddy's, and Zydus Lifesciences have introduced various injectable and oral options with weekly or monthly costs significantly lower than original brands. These companies aim to capture a share of the global obesity market, projected to reach $100 billion by 2030, with plans to expand sales internationally. Meanwhile, Novo Nordisk continues to innovate with FDA approval of a higher-dose Wegovy and partnerships to offer GLP-1 weight-loss pills and injections in the U.S.

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