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Biocon eyes obesity drug launch in India, Canada
Hindustan Times Jammu
|July 17, 2025
Biocon aims to launch generic copies of the blockbuster weight-loss drug Wegovy in India and Canada within the next two years, a top executive told Reuters, seeking to tap into a market that is estimated to grow to $150 billion globally by the early 2030s.
The push comes after Danish drugmaker Novo Nordisk and US-based rival Eli Lilly saw skyrocketing demand for their obesity drugs Wegovy and Zepbound.
Biopharmaceutical company Biocon plans to submit a request for approval to India’s drug regulator by the end of 2026 and potentially launch in 2027 through a partner, CEO Siddharth Mittal said in an email interview on Tuesday.
The company, which also makes insulin products, expects to complete late-stage trials within the next 12 to 18 months, he added.
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