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Novo Nordisk vergisst Patentverlängerung in Kanada 🤣

$NOVO B (-1,62 %)
$NVO (-1,53 %)


Novo Nordisk hat vergessen, das Patent für Semaglutid in Kanada zu erneuern, was bedeutet, dass das generische Ozempic im Jahr 2026 verfügbar sein wird.


Novo Nordisk hat das Patent für Semaglutid, den Wirkstoff von Ozempic, in Kanada aufgrund einer ausstehenden Gebühr von 450 US-Dollar nicht verlängert. Dies ermöglicht den Verkauf von Generika ab 2026 und dürfte die Kosten für Patienten mit Diabetes oder Übergewicht senken. Dies könnte zwar den Zugang verbessern, aber den Umsatz von Novo Nordisk verringern.


https://www.science.org/content/blog-post/novo-nordisk-s-canadian-mistake

Saynor: Canada, we filed and are waiting for approval once the data exclusivity expires sometime in Q1 next year. Interesting market. Novo never filed a patent in Canada. Never know why. I’m sure someone’s lost their job, but never mind. It’s the second-largest semaglutide market in the world. 😂


This change is specific to Canada for now—patents for semaglutide in the US and Europe last until the early 2030s, so generics won’t show up there for several more years.

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Novo Nordisk's annual report contains an interesting footnote on its key drug, Ozempic, which last year accounted for $19 billion of sales worldwide.


"For Ozempic in Canada, regulatory data protection applies until 2026," says the report from Novo Nordisk (DK:NOVO.B) (NVO), which last week reclaimed the mantle of being Europe's largest company by market capitalization.


Why that's the case was brought to light in a column in the publication Science, which picked up on an interview with the head of generics drug maker Sandoz (CH:SDZ), which has filed to make a generic version. (Hikma Pharmaceuticals (UK:HIK) and Aspen Pharmaceuticals (ZA:APN) are also doing so.)


The reason Novo Nordisk is losing patent protection is because it wouldn't pay a couple hundred bucks.


In 2019, the Canadian patent office sent a letter saying it hadn't received Novo Nordisk's annual $250 maintenance fee on time, but the company could maintain the patent by paying a total of $450.


"Once a patent has lapsed, it cannot be revived," the letter on May 1, 2019, warned. And that was the last of the correspondence on the Canadian patent for semaglutide, the medication in Ozempic.


How much of a loss is that? The Globe and Mail, citing data from Iqvia, said total sales of Ozempic were $2.5 billion through retail pharmacies last year, making it the number-one drug in Canada.


The real interesting footnote to the footnote comes in a discussion on whether a Canadian Ozempic generic could qualify for U.S. use under what's called the Section 804 importation program. Florida so far is the only state that so far has dialogue with the Food and Drug Administration about launching such a program.

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34 Commentaires

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Let's wait and see if they can still pay fees and extend the patent, etc.
In any case, it is embarrassing.
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@Barrd yes, they will certainly try a few things legally
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But as far as I can remember, it shouldn't work. If so, then only with a lot of monetary detours
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@Blizzard I also read out that missing the deadline leaves no room for maneuver, but let's see.
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What a chip shop. Selling now?
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@SSIT I'm still doing some research, but it seems to be true 😁
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@BamBamInvest unbelievable, that simply must not be true. xD
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@SSIT I thought that too, but I often find it on social media 😁, actually extremely embarrassing. Nobody disagrees 🤣
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It went badly -2% and my sl takes hold😅
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@Doe I'm not even inside yet, let's see, seems to be 😂
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@BamBamInvest I'll be out again soon 😅
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@Doe should really be punished 😂
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@BamBamInvest is probably only due to the fee that has not been paid, if they really lose the patent will go down even further
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@Doe yes but that should be over, missed is missed as I read it 😁 well let's see 😉
They won't lose the patent because of an unpaid fee. 😀 strong buy
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@market_expert_gbtws hopefully not, maybe the next buy the dip opportunity soon 🤔
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Pommesbude
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Burgerbrater Novo, how can you be so stupid?
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The article is just under a week old, so I don't think it will have that much effect on the price (anymore).
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@jkbsmn92 possible, we will see
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@trump 😂 seems to be right 🫣
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@BamBamInvest have now also seen several reports on twitter. what a shit 😂
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@trump let's see what else comes out of it, whether they can somehow settle it retrospectively, doesn't look good in any case 🤪
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@BamBamInvest still in the plus, let's see how much longer
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@trump I somehow have the feeling that this could exert further selling pressure if it manifests itself and becomes widespread. Let's take a look
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@BamBamInvest do you know how much canada accounts for of total sales ?
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@trump I haven't done any further research, but it's the second largest market for them. I'm not that deep into $NOVO B as I'm not invested either.
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@BamBamInvest okay crazy thanks. i only have a small position i entered at 55
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@BamBamInvest but what i don't understand is: why is hims rising so much today if novo sells their drugs through their platform. and especially if canada is such an important source of income, i understand it even less. also why it is only -3% so far?
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@trump apparently 16% in usa and Canada together, 2024 -23.9 billion euros
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@trump do not believe that this is directly related, apart from that almost everything that is growing strongly is rising today. Apart from that, Hims could also benefit from the generics if they were allowed to produce them themselves.
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