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Eli Lilly to launch its obesity drug at competitive price in India in 2025

Business Standard LogoBusiness Standard1w ago

Eli Lilly to launch its obesity drug at competitive price in India in 2025 - Business Standard

Quick Summary:

In India, Cipla and Dr Reddy’s Laboratories are also working on this off-patent opportunity, while Glenmark has already launched a generic for Liraglutide (another GLP-1 molecule).  Sun Pharma, on the other hand, is chasing a novel molecule in this space which will enter phase 2 trials soon.

These facilities and investments bolster our capacity to support an increased demand for existing and future Lilly products across our diabetes and obesity portfolio,” the spokesperson said.

Our manufacturing organisation continues to execute well on the most ambitious expansion agenda in our company’s long history to help ensure people have access to the medicines they need,” Lilly said, highlighting that they are investing in scaling up production capacities.“Since 2020, we’ve invested more than $20 billion to build, expand and acquire facilities in the US, Europe and China.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 13:17:45 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 748 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24265719

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Official Website: business-standard.com

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News Last Updated: 3 hours ago

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