Dr Reddys rolls out new generic Ozempic brands

Dr Reddys Laboratories has expanded its generic semaglutide portfolio with two new brands after supply issues halted sales of its original Obeda injection in India. The company introduced Obeda Pro and Obeda Plus manufactured by Hetero Labs following an earlier product recall.

Xurve View
Insights:
FILE PHOTO: Scientific model of the molecule semaglutide which is the active ingredient in Novo Nordisk's mega-blockbuster diabetes drug Ozempic and weight-loss drug Wegovy sits in the office of Mads Krogsgaard Thomsen in Hellerup, Denmark, October 3, 2023.

Dr. Reddy's Laboratories rolled out two new generic semaglutide brands, Obeda Pro and Obeda Plus, in India following supply disruptions that halted sales of its original Obeda injection. The launch expands the drugmaker's portfolio in the country's fast-growing semaglutide market. The expansion comes as domestic competition intensifies following the patent expiration of NOVO NORDISK A/S-B's blockbuster diabetes and weight-loss drugs.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.