Cheaper Alternatives of Weight-Loss Drugs? Chinese Pharma Companies Are Working On a Local Version
Portfolio Pulse from Vandana Singh
Chinese pharmaceutical companies are developing local versions of advanced weight-loss medications, aiming to compete with Novo Nordisk A/S. The new drugs could offer more affordable alternatives in Western markets. Western pharmaceutical companies, including Moderna Inc and AstraZeneca plc, are expanding their presence in China to leverage opportunities from the aging population. Novo Nordisk's Wegovy is expected to receive Chinese approval soon.
August 16, 2023 | 1:15 pm
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NEUTRAL IMPACT
Novo Nordisk's weight-loss drug Wegovy faces competition from Chinese pharmaceutical companies developing local versions. However, Wegovy is expected to receive Chinese approval soon, which could offer a competitive advantage.
While the development of local versions of weight-loss drugs by Chinese companies could pose a threat to Novo Nordisk, the expected approval of Wegovy in China could provide a competitive edge for the company.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AstraZeneca plc is deepening its roots in China to leverage opportunities arising from the country's aging populace.
AstraZeneca's deepening presence in China, a country with a large and aging population, could potentially lead to increased market share and revenues for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Moderna Inc is expanding its presence in China to leverage opportunities from the aging population.
Moderna's expansion in China, with its large and aging population, could potentially lead to increased market share and revenues for the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60