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The India strategy is evolving on multiple fronts simultaneously: Semaglutide: Licensed and co-marketed with Zydus, with a dedicated division spanning diabetology/endocrinology and gastroenterology/gynecology Chronic target: ~70% chronic share by FY31, up from 66% today Nebulization Task Force: New initiative to strengthen the respiratory portfolio Extra-Urban (Uday): Division expansion for deeper penetration in semi-urban and rural markets 20+ product launches planned for FY27 What makes Lupins India story particularly interesting is the combination of scale and growth rate at 1900+ cr quarterly revenue, still growing 12-14.5%, with 1.2-1.3x IPM outperformance guided for FY27

What Has to Happen Before FDA Approval Lilly has not announced an NDA filing date

In contrast, generic semaglutide may cost as little as $200 to $300 without insurance coverage, making it far more cost-effective

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