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Stock impact report

India's Zydus, Lupin sign deal to co-market Semaglutide injections [Yahoo! Finance]

Dr. Reddy's Laboratories Ltd (RDY) 
US:NYSE Investor Relations: drreddys.com/investors
Company Research Source: Yahoo! Finance
Semaglutide is a GLP-1 ?receptor agonist used to treat Type 2 Diabetes and, increasingly, for weight management by helping regulate blood sugar and appetite. The upcoming patent expiry for semaglutide has ?triggered a rush among ?Indian drugmakers to develop cheaper versions to capture market share in the world's most ?populous nation, which has the second-highest number of adults with diabetes after China. Here are some key details: * ?Lupin will ?have semi-exclusive rights to ?co-market Zydus'injection under the ?brand names Semanext and Lupin's Livarise. * Lupin will pay Zydus upfront licensing fees andmilestone-based payments. * Zydus will manufacture the product at its Ahmedabadfacility in Gujarat, and market the product under the brandnames Semaglyntm, Mashematm And ?Alterme. * Unlike existing treatments that ?require multiplesingle-use pens, Zydus' single-adjustable ?pen will allowpatients select ?different doses, lowering costs. * In January, ?Zydus received approval fr Show less Read more
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