Torrent Pharma Captures 38% Market Share in Generic Semaglutide Within a Month
Semaglutide race: Torrent grabs 38% market share
The Economic TimesImage: The Economic Times
Torrent Pharmaceuticals, based in Ahmedabad, India, has rapidly secured a 38% market share in the generic semaglutide market shortly after its launch. This growth follows the expiration of Novo Nordisk's patent, with Torrent's sales reaching approximately ₹17 crore in April, significantly outpacing competitors.
- 01Torrent Pharma leads the generic semaglutide market with a 38% share.
- 02The company generated around ₹17 crore in sales in April, far exceeding competitors.
- 03Torrent is unique in offering both oral and injectable forms of semaglutide.
- 04The demand for oral semaglutide is high, causing shortages in pharmacies.
- 05India's anti-obesity market is projected to grow from ₹1,600 crore to ₹4,000-5,000 crore in the next 12-18 months.
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Torrent Pharmaceuticals, an Ahmedabad-based company, has quickly established a dominant position in the generic semaglutide market, capturing 38% of the market share within just a month of its launch. Following the expiration of Novo Nordisk's patent in late March, over a dozen Indian companies introduced generic versions of semaglutide, generating approximately ₹44 crore in sales in April. Torrent's sales alone accounted for about ₹17 crore, significantly outpacing competitors like Zydus Lifesciences and Dr. Reddy's Laboratories, each with around ₹4 crore in sales. A key factor in Torrent's success is its dual offering of oral and injectable forms of semaglutide, which appeals to patients preferring tablets over injections. Experts note that the demand for oral semaglutide is so strong that pharmacies are experiencing shortages. The overall semaglutide market in India, including both generic and innovator products, saw total sales of around ₹88-90 crore in April, up from ₹59 crore in March. With the anti-obesity market expected to expand significantly, semaglutide could dominate the GLP1 market in the coming years.
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The rapid growth of Torrent Pharma in the semaglutide market could improve access to diabetes and weight management treatments for patients in India.
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