WEBVTT

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Canada just opened the door to much cheaper weight loss drugs.

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A generic version of Ozambic known as semaglutide has now been approved by Health Canada.

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It's the same active ingredient behind the blockbuster diabetes and weight loss drug from

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Novo Nordisk.

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And this matters because generics typically mean lower prices.

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Right now brand name versions can cost hundreds of dollars a month.

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Putting them out of reach for many even as demand has surged.

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A generic version could mean more supply and more competition potentially putting Canada

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ahead of the pack on affordability and access.

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And keep in mind the US and UK likely won't see generics Ozambic for several more years

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due to patent protections.

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The reason why Canada is among the first to get access is a very interesting story.

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You can find those details in the caption.

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Now the big question, when will patients actually get access?

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Predictions have ranged from the first half of this year to mid to late 2026 and it will

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be interesting to see how quickly and how much prices come down.