icon
icon
icon
icon
Upgrade
Upgrade

News /

Articles /

Novo Nordisk (NVO.US) pressures FDA to limit semaglutide generics, asks to be added to the list of difficult-to-make drugs

Market IntelWednesday, Oct 23, 2024 10:41 pm ET
1min read

Zhitong Finance APP noticed that Novo Nordisk (NVO.US) has been trying to crack down on compound pharmacies that produce semaglutide, and has told the US Food and Drug Administration that the drug is difficult to produce and could pose safety risks if not produced properly.

The Danish pharmaceutical company has asked the FDA to add semaglutide to its list of drugs that are difficult to prove.

Novo Nordisk's lawyer Covington & Burling wrote in a document: "Semaglutide products are on these lists due to their formulation, delivery mechanism, dosage form, bioavailability, complex compounding process, and physical and chemical and analytical testing."

Semaglutide is the active ingredient in Novo Nordisk's blockbuster weight loss and type 2 diabetes drugs Wegovy and Ozempic.

Novo Nordisk's competitors Eli Lilly and Company produce Tizepatide for weight loss and Mounjaro for diabetes, and both drugs were in short supply for most of 2024 due to their popularity. However, those drugs are no longer in short supply.

If on the FDA's drug shortage list, compound manufacturers can produce drugs that are still under patent protection.

Lilly recently sued three companies that continue to produce and sell compounded Tizepatide.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.