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Novo Nordisk, the Danish pharma giant responsible for both Ozempic and Wegovy, had a market cap of $570 billion in 2023, larger than the economy of its home country Denmark

These cheaper alternatives, priced as low as $199 per month, drove a 20% stock surge in early 2025 after partnerships with Novo and Lilly

Companies known to have submitted applications include established generic manufacturers such as Sandoz, Aspen Pharmacare, and Canadian company Vimy Pharma

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