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Semaglutide, the active ingredient in Ozempic, was first approved by the FDA on September 27, 2017, initially for type 2 diabetes management
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A) all generic cos were very low on their GLP1 forecast before the launch - a few 10s of crores at best in the 1st year eg A top co in India had a 10cr first yr sales forecast and is set to do a multiplier of that On top of that fewer than expected cos have launched B) online sales which is the biggest area of growth on GLP1s (pharmacies / Telehealth) doesn’t get captured and so is direct sales
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