India's Biocon developing its own version of Wegovy, clinical trial likely next year [Reuters]
Novo Nordisk A/S (NVO)
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Source: Reuters
REUTERS/Victoria Klesty/Illustration/File Photo HYDERABAD, April 18 (Reuters) - Indian drugmaker Biocon (BION.NS) New Tab , opens new tab , looking to grab a piece of the exploding weight-loss drug market as early as possible, is developing its own version of Novo Nordisk's (NOVOb.CO) New Tab , opens new tab wildly popular Wegovy and is prepared to conduct a clinical trial next year if needed, the CEO told Reuters. Wall Street has forecast the market for this new generation of obesity treatments reaching at least $100 billion by the end of the decade, and Biocon is taking steps to be a part of that windfall. "We're going to develop semaglutide for India even if it requires a clinical trial," Chief Executive Officer Siddharth Mittal said in an interview of the active ingredient in Wegovy and Ozempic. "We're striving to be in the market as one of the early players. Either it would be in 2026 or not too late after that." The Bengaluru-based company, which derives most of its
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News
- UK's FTSE 100 Edges Lower in Thin Trading Ahead of Fed Decision [BNN Bloomberg (Canada)]BNN Bloomberg
- Denmark, home of Ozempic, feels the drug's effects [Yahoo! Finance]Yahoo! Finance
- Amgen Q1 Earnings Preview: Obesity treatment updates to be the focus this season [Seeking Alpha]Seeking Alpha
- Amgen investors await weight-loss drug data [Yahoo! Finance]Yahoo! Finance
- Amgen investors await weight-loss drug data [Reuters]Reuters
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- 11/3/23 - Beat
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- 5/1/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/25/24 - Form 6-K
- NVO's page on the SEC website