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-7.25189455746715E-05 -0.00032706044454107 -0.00104717357409616 -0.000979005765256313 -0.000543892091809109 -0.00112404365640524 -0.000906486819681642 -0.00213930889444879
Stock impact report

Companies can make generic Ozempic as of next week, but don't expect to get it soon [Yahoo! Finance Canada]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
As of Dec. 29, Health Canada had received nine submissions seeking approval to make semaglutide, the active ingredient in Ozempic and Wegovy, the brand-name diabetes and weight-loss drugs manufactured by Novo Nordisk. "Health Canada understands that there is considerable interest in lowering costs associated with this highly prescribed drug by introducing generic versions," spokesperson Mark Johnson said in an email to The Canadian Press. Sandoz Canada, Apotex, Teva Canada, Taro Pharmaceuticals and Aspen Pharmacare Canada have all applied for Health Canada authorization, according to its list of generic submissions. Sandoz Canada and Teva Canada told The Canadian Press they couldn't provide any information on expected timelines for their products, while the others either could not be reached or did not respond to requests for comment. The remaining companies weren't named because their submissions were received prior to April 1, 2024, when the policy requiring a sponsor name Show less Read more
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