# Health Canada approved the first one by Indian drugmaker Dr. Reddy's ‌Laboratories on April 28.

*semiconductor · news · 2026-05-07 · CNBC*

## Key points

- Health Canada has approved two generic versions of Ozempic, from Dr. Reddy's and Apotex.
- Seven additional generic Ozempic applications are currently under review by Health Canada.
- Canadian law mandates a 65% price cut for Novo's Ozempic once three generics are available.
- Novo anticipates only a low single-digit impact from these generics, relying on its savings card.

**Companies:** Novo Nordisk, Eli Lilly, Dr. Reddy's Laboratories, Apotex
**Countries:** Canada, India, United States

[Read the full story on CNBC](https://www.cnbc.com/2026/05/07/healthy-returns-novo-nordisk-faces-ozempic-generics-in-canada-.html)

---

Canonical: https://newsio.io/n/af293bcf-d457-47d4-81b1-177a3ae5f17b/health-canada-approved-the-first-one-by-indian-drugmaker-dr-reddys-laboratories
Summarized by Newsio from CNBC. https://newsio.io/how-it-works