Published by Global Banking & Finance Review®
Posted on July 23, 2025
2 min readLast updated: January 22, 2026
Dr Reddy's plans to launch generic obesity drugs in 87 countries next year, aiming to capture a share of the $150 billion market.
By Rishika Sadam
HYDERABAD (Reuters) -Dr Reddy's Laboratories plans to launch a cheaper copycat version of Novo Nordisk's blockbuster weight-loss drug Wegovy in 87 countries next year, the Indian drugmaker's CEO, Erez Israeli, said on Wednesday.
Drugmakers are racing to get a share of the global obesity drug market, expected to generate around $150 billion in sales by the early 2030s, after Denmark-based Novo and its U.S. rival Eli Lilly saw extraordinary demand for their medicines.
Dr Reddy's initially plans to launch the generic version of semaglutide - the active ingredient of Novo's Wegovy and diabetes medicine Ozempic - in Canada, India, Brazil, Turkey and other emerging markets, subject to patent expiry, Israeli said.
"U.S. and Europe will open later... (and) all the other Western markets will be open between 2029 to 2033," Israeli said a press conference to discuss the company's earnings.
He expects the generic drug to generate 'hundreds of millions of dollars' in sales for the company.
Semaglutide's patent is expected to expire in several countries next year, including in India in March.
Novo Nordisk had sued Dr Reddy's in May alleging patent infringement of semaglutide, according to documents seen by Reuters.
Dr Reddy's has filed relevant regulatory applications in all the countries it is planning to launch the generic version in, Israeli said.
Other Indian drugmakers, including Cipla , Lupin , Biocon, Sun Pharma , also plan to launch these generic weight-loss drugs after Novo's and Lilly's success.
Novo launched Wegovy in India last month, following Lilly's Mounjaro launch for weight-loss and diabetes management.
The drugs belong to a class called GLP-1 receptor agonists that help control blood sugar and slow digestion, making people feel fuller for longer.
Dr Reddy's also aims to launch 26 GLP-1 drugs within the next decade, Israeli said.
(Reporting by Rishika Sadam; Editing by Leroy Leo)
Dr Reddy's Laboratories plans to launch a generic version of Novo Nordisk's weight-loss drug Wegovy, which contains the active ingredient semaglutide.
The generic obesity drug is planned to be launched in 87 countries next year.
The global obesity drug market is expected to generate around $150 billion in sales by the early 2030s.
The patent for semaglutide is expected to expire in India in March next year.
Wegovy and Ozempic belong to a class of drugs called GLP-1 receptor agonists, which help control blood sugar and promote a feeling of fullness.
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