Novo Nordisk’s CFO said the company’s semaglutide patent in India will expire in the coming months, likely increasing generic competition in the obesity drug market. The executive also noted that while “most-favored nation” pricing impacts U.S. prices, a growing cash-pay segment is the larger driver.
Novo Nordisk has signaled a shift in the competitive landscape for obesity treatments, particularly in India, as it prepares for the expiration of its semaglutide patent. According to the company’s CFO, the patent is set to lapse in the coming months, opening the door for increased generic competition in one of the world’s fastest-growing pharmaceutical markets.
Semaglutide is a key product in Novo Nordisk’s global obesity and diabetes portfolio. The expected entry of generics in India could lead to greater price competition and broader patient access, while potentially impacting branded sales in the region.
The CFO also addressed pricing dynamics in the United States, noting that the “most-favored nation” concept plays a meaningful role in lowering drug prices. However, the executive emphasized that a larger and expanding cash-pay business is a more significant factor influencing pricing trends in the U.S. market.
Key Patent And Market Update
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Semaglutide patent in India expected to expire in the coming months
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Higher generic competition anticipated in the Indian obesity drug market
U.S. Pricing Commentary
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Most-favored nation pricing contributes to lower U.S. drug prices
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Growth in cash-based purchases seen as a bigger driver of pricing changes
Strategic Context
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India viewed as a high-growth but increasingly competitive market
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U.S. pricing influenced by structural shifts in payment and reimbursement models
Sources : Company Management Commentary, Regulatory Disclosures, Reuters