Apr. 29 at 5:26 PM
Health Canada approves
$RDY generic version of
$NVO Ozempic (patent expired in January)
Canada is the first in the G7 forum to approve a generic version of the treatment
Also, reviewing 8 other submissions for generic GLP-1 treatments & expects to make regulatory decisions in the coming weeks & months
Some generic medications in Canada can be 45% to 90% cheaper than their brand name equivalents
A monthly supply of Ozempic or Wegovy costs b/n
$300-
$400 — sometimes even more depending on the dose
A recent survey suggested about 3M Canadian adults are currently taking GLP-1 drugs, such as Ozempic or Mounjaro, and that many more would like to, but cost is a barrier.
$LLY