Close Menu
News JournosNews Journos
  • World
  • U.S. News
  • Business
  • Politics
  • Europe News
  • Finance
  • Turkey Reports
  • Money Watch
  • Health
Editors Picks

Former NFL Player Inspired by Trump Assassination Attempt to Launch Congressional Bid

April 22, 2025

Trump Claims Record Success in First 100 Days During Michigan Speech

April 29, 2025

Judge Halts Trump Directive Eliminating Union Rights for Federal Workers

April 25, 2025

Trump’s Tariffs May Hinder U.S. Tech Industry Growth for a Decade, Expert Warns

April 4, 2025

JFK Assassination Files Set for Release Today, According to Trump

March 18, 2025
Facebook X (Twitter) Instagram
Latest Headlines:
  • Hurricane Melissa Devastates Jamaica, Haiti, and Cuba, Causing Dozens of Fatalities
  • Autonomous Kodiak Truck System Achieves Highest Safety Rating Comparable to Human-Operated Fleets
  • Trump Calls for Immediate Resumption of US Nuclear Weapons Testing
  • Dutch Parliamentary Election Too Close to Call, Exit Poll Reveals
  • NBA Salaries of Billups and Rozier Withheld
  • Tragic Incident in Gebze Leaves 4 Dead and 1 Injured
  • Two Hunger-Striking Prisoners Near Death in Protest Against Prison Conditions
  • Trump Administration Claims Success in Striking Alleged Drug Boat in Pacific, Four Killed
  • Study Finds Musk’s Polarizing Actions Impact Tesla Sales Negatively
  • Tracy Morgan Discusses Career and Life-Altering Crash: “You Have to Cherish It”
  • Senate Passes Resolution to Block Tariffs on Canada
  • Pentagon Targets Narco-Terrorist Boat, Four Killed Under Trump’s Orders
  • Trump and Xi Set for Crucial Meeting in South Korea
  • Nvidia Achieves Milestone as First Company to Reach $5 Trillion Valuation
  • Key Takeaways from Fed Meeting and Powell’s News Conference
  • Chipotle Reports Q3 2025 Earnings Results
  • Blue County Faces Backlash After ICE Arrests Serial Offender with 10 Prior Arrests
  • Texas Girl Fends Off Attempted Abduction by Biting Attacker
  • Hurricane Melissa Strikes Jamaica with Severe Winds and Rain, Moves Toward Cuba
  • 5 Key Tips for Protecting Your Online Privacy on Social Media
Facebook X (Twitter) Instagram
News JournosNews Journos
Subscribe
Thursday, October 30
  • World
  • U.S. News
  • Business
  • Politics
  • Europe News
  • Finance
  • Turkey Reports
  • Money Watch
  • Health
News JournosNews Journos
You are here: News Journos » Business » Generic Semaglutide Available from Hims & Hers as Novo Nordisk Patent Expires
Generic Semaglutide Available from Hims & Hers as Novo Nordisk Patent Expires

Generic Semaglutide Available from Hims & Hers as Novo Nordisk Patent Expires

News EditorBy News EditorJuly 9, 2025 Business 5 Mins Read

Hims & Hers Health has announced its plan to introduce generic semaglutide in Canada, a development made possible due to the impending expiration of Novo Nordisk’s patent on its brand-name drugs, Ozempic and Wegovy. This move marks Hims & Hers’ first venture into the Canadian market, where the potential for this generic drug is significant. The company aims to provide affordable weight-loss care, emphasizing personalized health services in conjunction with the new offerings.

Article Subheadings
1) Overview of Hims & Hers Announcement
2) The Role of Generic Medications
3) Financial Impacts on the Canadian Market
4) Novo Nordisk’s Patent Situation
5) Future Steps for Hims & Hers in Canada

Overview of Hims & Hers Announcement

On Wednesday, a press release from Hims & Hers Health revealed plans to offer a generic version of semaglutide in Canada. This drug is commonly associated with the branded treatments Ozempic and Wegovy that are produced by Novo Nordisk. The timing of this announcement aligns with the impending expiration of Novo Nordisk’s patent in January. Andrew Dudum, CEO of Hims & Hers, articulated the company’s vision, stating, “Canada is a major opportunity to show what affordable, high-quality weight loss care can look like.” He emphasized the importance of combining affordability with personalized care to make the treatment accessible to a larger population.

The Role of Generic Medications

Generic medications, such as the planned semaglutide offering from Hims & Hers, are copies of brand-name drugs that are required to meet the same safety and efficacy standards once a patent has expired. These generics are produced without the extensive costs associated with developing new drugs. Unlike compounded versions, generics are available in standard dosages and formulations. This makes them a viable and affordable option for patients seeking treatment for conditions such as obesity. The introduction of generics often prompts increased competition in the market, potentially leading to lower prices and wider availability for consumers.

Financial Impacts on the Canadian Market

The Canadian semaglutide market has shown considerable growth, with revenues reaching approximately $1.18 billion in 2024. Projections indicate that this market is poised to expand substantially, potentially rising to $4.03 billion by 2035, according to reports by Grand View Research. This remarkable growth presents a significant opportunity for Hims & Hers as they venture into this domain. Currently, no generic version of semaglutide has been approved by Canadian health authorities, although the approval processes have commenced for various competitors in the field. This regulatory landscape is crucial for companies seeking to enter the market, as it dictates the timeline and process through which they can offer their products.

Novo Nordisk’s Patent Situation

Novo Nordisk has faced challenges regarding the maintenance of its semaglutide patent in Canada. Official documents reveal that the company failed to pay the necessary maintenance fees for its patent, which lapsed in 2020. This lapse occurred despite a one-year grace period, during which they could have rectified the situation. Correspondence from Canadian authorities indicates that once a patent has lapsed, it cannot be revived. This situation has opened the door for Hims & Hers to introduce its generic offerings, highlighting the importance of vigilant patent management in the pharmaceutical industry.

Future Steps for Hims & Hers in Canada

Following the announcement of their plans to sell generic semaglutide, Hims & Hers may also consider various regulatory aspects to ensure compliance in the Canadian market. While they have not confirmed any specific steps toward applying for approval, the company has indicated they are collaborating with an approved partner to adhere to local laws. Furthermore, this move follows the recent acquisition of European telehealth platform Zava, which enhances their capabilities and reach in Europe. This comprehensive strategy could position Hims & Hers as a key player in the health-tech landscape in both Canada and Europe, providing innovative solutions to healthcare challenges.

No. Key Points
1 Hims & Hers will introduce generic semaglutide in Canada as Novo Nordisk’s patent edges toward expiration.
2 Generic medications are key for competitive market pricing and accessibility for patients.
3 The Canadian semaglutide market is projected to grow significantly, providing a substantial opportunity for Hims & Hers.
4 Novo Nordisk’s failure to maintain its patent opens avenues for other companies to enter the market.
5 Collaborative efforts and strategic acquisitions will enhance Hims & Hers’ position in both Canadian and European health markets.

Summary

The announcement by Hims & Hers Health to introduce generic semaglutide in Canada signifies a notable turn in the pharmaceutical landscape, particularly in the weight-loss drug market. As the patent for Novo Nordisk approaches expiration, the entry of generics holds promise for increased accessibility and affordability of vital treatments. The financial growth projections for the Canadian market further emphasize the potential impact of this move on both consumers and the healthcare system at large.

Frequently Asked Questions

Question: What is semaglutide used for?

Semaglutide is primarily used for the treatment of obesity and related metabolic conditions. It helps in weight loss by regulating appetite and may also be prescribed for managing type 2 diabetes.

Question: How does the approval process for generic medications work in Canada?

In Canada, generic medications must undergo a regulatory review by Health Canada to ensure they meet safety and efficacy standards before they can be marketed and sold.

Question: What implications does a patent expiration have for pharmaceutical companies?

When a patent expires, other companies can produce and sell generic versions of the drug, which often leads to increased competition, lower prices, and broader access to treatments for patients.

Business Ethics Business Growth Business News Business Technology Consumer Trends Corporate Finance Corporate Strategy Economic Outlook Entrepreneurship Expires Generic Global Business Hims Innovation Investment Opportunities Leadership Management Market Trends Mergers & Acquisitions Nordisk Novo Patent Retail Business Semaglutide Small Business Startups Supply Chain
Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp Copy Link Bluesky
News Editor
  • Website

As the News Editor at News Journos, I am dedicated to curating and delivering the latest and most impactful stories across business, finance, politics, technology, and global affairs. With a commitment to journalistic integrity, we provide breaking news, in-depth analysis, and expert insights to keep our readers informed in an ever-changing world. News Journos is your go-to independent news source, ensuring fast, accurate, and reliable reporting on the topics that matter most.

Keep Reading

Business

Chipotle Reports Q3 2025 Earnings Results

6 Mins Read
Business

Activist Investor Targets Underperforming U.S. Banks

7 Mins Read
Business

Lululemon Collaborates with NFL to Launch Apparel Line

6 Mins Read
Business

American Airlines Lags in Luxury Travel Market Behind Delta and United

6 Mins Read
Business

One in Three Manhattan Condo Owners Experience Financial Loss on Sales in Past Year

6 Mins Read
Business

Deckers Stock Declines Amid Concerns Over Hoka and Ugg Growth Outlook

5 Mins Read
Journalism Under Siege
Editors Picks

Grok AI Chatbot by Elon Musk Posts Antisemitic Comments

July 8, 2025

Bishop Grants Mass Exemption Amid Trump ICE Raids

July 9, 2025

Trump Establishes New Benchmark for Scientific Standards

May 23, 2025

Canada Repeals Digital Services Tax Following U.S. Trade Negotiation Breakdown

June 29, 2025

Trump Accuses Biden’s DOJ of Seeking to Transform U.S. into ‘Corrupt Communist’ Nation

March 15, 2025

Subscribe to News

Get the latest sports news from NewsSite about world, sports and politics.

Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

News

  • World
  • U.S. News
  • Business
  • Politics
  • Europe News
  • Finance
  • Money Watch

Journos

  • Top Stories
  • Turkey Reports
  • Health
  • Tech
  • Sports
  • Entertainment

COMPANY

  • About Us
  • Get In Touch
  • Our Authors
  • Privacy Policy
  • Terms and Conditions
  • Accessibility

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2025 The News Journos. Designed by The News Journos.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.
Go to mobile version