Nov 10 (Reuters) - Novo Nordisk has partnered
with India's Emcure Pharmaceuticals to exclusively
distribute and market its weight-loss drug under a new brand in
the country, the companies said on Monday.
Under the agreement, the Danish drugmaker will sell Poviztra
2.4 milligram (mg) semaglutide injection in India as a separate
brand of its blockbuster weight-loss treatment Wegovy.
Shares of Emcure Pharma rose following the announcement,
trading 6.5% higher at 1,451 rupees.
Novo Nordisk launched Wegovy in India in June, three months
after Eli Lilly ( LLY ) introduced its competing weight-loss
product Mounjaro in the world's most populous nation.
Wegovy's 2.4 mg dose is priced at 26,015 rupees for a
month's supply in India, while pricing for Poviztra was not
disclosed.
"This partnership is part of Novo Nordisk India's efforts to
ensure its innovative treatments reach a greater number of
patients in India," the Danish company said in an exchange
filing.
Last month, Eli Lilly ( LLY ) also partnered with Cipla to
sell its weight-loss drug under a separate brand in India.