On 17 April 2024, Biocon announced that it signed an exclusive licensing and supply agreement for generic Ozempic® (semaglutide) in Brazil. Biocon will develop, manufacture and supply the semaglutide product and Biomm is responsible for regulatory and commercialisation strategies in Brazil.
This follows news earlier this month that Hangzhou Jiuyan Gene Engineering’s application for a generic version of Ozempic® (semaglutide) was accepted by regulators in China.