Dr Reddy’s Share Price in Focus; Launches its Generic Semaglutide Injection in Canada

Dr Reddy’s Laboratories Limited share price is expected to remain in focus after the pharmaceutical company announced the launch of its generic Semaglutide injection in Canada.  

The launch follows the receipt of a Notice of Compliance (NOC) from Health Canada on April 28, 2026. 

The company stated that Canada has become the first G7 country to grant market authorisation for generic Semaglutide injection, marking a significant milestone for Dr Reddy’s in the GLP-1 therapy segment. 

Dr Reddy’s Launches Generic Semaglutide in Canada 

According to the company’s press release, Dr Reddy’s is among the first pharmaceutical companies to introduce a generic Semaglutide injection in the Canadian market.  

The treatment is indicated for adults with type 2 diabetes mellitus to improve glycaemic control along with diet and exercise. 

The product is being supplied as a sterile solution for subcutaneous injection in a pre-filled pen format and will be available in 2 mg per pen and 4 mg per pen strengths.  

The company said the launch demonstrates its readiness to expand access to affordable GLP-1 therapies across global markets. 

Erez Israeli, Chief Executive Officer, Dr Reddy’s, said: “We are pleased to launch our generic Semaglutide Injection in Canada, within days of receiving Health Canada approval. The milestone highlights our readiness to serve the Canadian patients, supported by our deep expertise in complex drug and peptide development.” 

Focus On Global GLP-1 Expansion Strategy 

GLP-1 therapies have emerged as a major growth segment within the global pharmaceutical industry due to rising demand for diabetes and obesity-related treatments.  

The launch is expected to strengthen Dr Reddy’s presence in regulated international markets and expand its diabetes care portfolio. 

The company stated that it continues to focus on improving patient access to advanced and affordable therapies while expanding its global footprint across multiple healthcare markets.  

Read More: Dr. Reddy’s Share Price in Focus; Revenue Grows 3.2% in FY26 Results! 

Dr Reddy’s Share Price Performance 

As of 18 May 2026, at 10:15 AM, Dr Reddy’s share price is trading at ₹1,331.60 per share, reflecting a decline of 0.38% from the previous closing price. 

Conclusion 

The launch of generic Semaglutide injection in Canada marks a significant regulatory and commercial milestone for Dr Reddy’s as the company expands its presence in the global GLP-1 therapy market. 

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