Australia Bans Replica Versions Of Popular Weight-Loss Drugs From Novo Nordisk, Eli Lilly On Safety Concerns
Portfolio Pulse from Vandana Singh
Australia has banned compounded versions of Novo Nordisk's Ozempic and Eli Lilly's Mounjaro due to safety concerns. The ban aims to protect public health by removing unregulated GLP-1 receptor agonists from pharmacy compounding exemptions starting October 1. This decision follows reports of adverse events linked to these copies, including a serious incident resulting in hospitalization. The ban affects around 20,000 Australians using these compounded drugs for weight loss.
May 22, 2024 | 3:46 pm
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Australia has banned compounded versions of Eli Lilly's Mounjaro due to safety concerns, effective October 1. This could lead to increased demand for the regulated version of Mounjaro.
The ban on compounded versions of Mounjaro is likely to drive patients towards the regulated version, potentially increasing demand and positively impacting Eli Lilly's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Australia has banned compounded versions of Novo Nordisk's Ozempic due to safety concerns, effective October 1. This could lead to increased demand for the regulated version of Ozempic.
The ban on compounded versions of Ozempic is likely to drive patients towards the regulated version, potentially increasing demand and positively impacting Novo Nordisk's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100