health
Will the price of Ozempic drop in Colombia? This will happen after the end of patents
Ozempic, drug on alert. Photo: Courtesy: National Geographic
TL;DR
- Patent expirations for semaglutide in India and China are driving down drug prices.
- This is opening the door for generic manufacturers and increasing global access to treatments like Ozempic.
- Europe will experience delayed price reductions due to longer-lasting patent protection.
- Colombia could see lower prices if global changes are reflected in the local market, potentially reducing costs by up to 80%.
- Semaglutide, marketed as Ozempic, is used for type 2 diabetes, cardiovascular risk reduction, and weight control.