On 2 April 2024, Hangzhou Jiuyan Gene Engineering announced the acceptance of its Chinese application for JiyoutaiTM, biosimilar to Novo Nordisk’s Ozempic® (semaglutide), for type 2 diabetes. This application is reportedly the first in PRC for a semaglutide biosimilar.
According to Novo’s 2023 annual report, patent protection in China for Ozempic expires in 2026.