Lupin inks license and supply deal with Galenicum for Semaglutide in 23 countries
LUPIN · price
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Lupin's subsidiary LAHSA has signed a licensing and supply agreement with Spain-based Galenicum Health for injectable Semaglutide, a GLP-1 therapy used for Type 2 Diabetes and obesity. Galenicum will handle development, manufacturing and supply, while Lupin will manage regulatory approvals, commercialization and distribution across 23 countries including Canada, Europe, Southeast Asia and Latin America. The deal is aimed at tapping the fast-growing global GLP-1 market and expanding Lupin's diabetes and obesity portfolio beyond India.
Positive for growth outlook. Opens Lupin into the booming GLP-1 weight-loss and diabetes segment across 23 countries, though financial terms were not disclosed.