Health Canada approves first generic version of Novo Nordisk's Ozempic
Health Canada said the generic semaglutide meets safety, efficacy and quality standards and may lower costs for patients and the healthcare system.
- On Tuesday, Health Canada approved the first generic version of Novo Nordisk's blockbuster diabetes drug Ozempic, manufactured by Indian drugmaker Dr. Reddy's Laboratories.
- Health Canada stated that generic semaglutide drugs are "pharmaceutically equivalent" to the brand-name version, with many generics 45 to 90 percent cheaper than brand-name medications in Canada.
- The regulator approved the submission after a thorough review found the drug meets safety, efficacy, and quality standards for once-weekly treatment of adult patients with Type 2 diabetes.
- Health Canada is currently reviewing eight other applications for generic semaglutide and expects to make additional decisions in the coming weeks and months.
- Officials expect the availability of generic drugs to have "a positive impact in Canada, including potential cost savings for patients and the healthcare system," the department said.
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Health Canada approves first Ozempic generic alternative. Here’s what you need to know
Widespread use of generic GLP-1 medications could help Ontario residents save money and lose weight while forcing the food industry to adapt. Health authorities warm the drugs may not be suitable for everyone due to potential short and long-term health effects.
Many generic drugs cost between 45% and 90% less than their brand equivalents.
Health Canada announced on Tuesday the authorization of a first generic Ozempic in the country.
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