# Lower Prices, Bigger Market: The Next Phase of GLP-1 Drugs Page: https://stenobird.com/podcast/thoughts-on-the-market-980853/lower-prices-bigger-market-the-next-phase-of-glp-1-drugs Text version: https://stenobird.com/podcast/thoughts-on-the-market-980853/lower-prices-bigger-market-the-next-phase-of-glp-1-drugs.md Podcast: [Thoughts on the Market](https://stenobird.com/podcast/thoughts-on-the-market-980853) Published: 2026-07-13T20:30:00+00:00 Episode link: https://pdst.fm/e/pscrb.fm/rss/p/rss.art19.com/episodes/e33d92dc-a416-4fe3-8b44-bb80149ad9d6.mp3?rss_browser=BAhJIg90cmFuc2NyaWJyBjoGRVQ%3D--952c5701c84ad333c69d5faa668f8177091704f0 Audio file: https://pdst.fm/e/pscrb.fm/rss/p/rss.art19.com/episodes/e33d92dc-a416-4fe3-8b44-bb80149ad9d6.mp3?rss_browser=BAhJIg90cmFuc2NyaWJyBjoGRVQ%3D--952c5701c84ad333c69d5faa668f8177091704f0 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/thoughts-on-the-market-980853/episodes/lower-prices-bigger-market-the-next-phase-of-glp-1-drugs Duration seconds: 705 ## Resource Cheaper obesity medicines could unlock broader demand, while supply-chain bottlenecks and premium-drug innovation may also shape how the market evolves. Our analysts Terence Flynn and Thibault Boutherin break down the investor implications. Read more insights from Morgan Stanley. ----- Transcript ----- Terence Flynn: Welcome to Thoughts on the Market. I'm Terence Flynn, Morgan Stanley's U.S. Pharma and Biotech Analyst.  Thibault Boutherin: And I'm Thibault Boutherin, Morgan Stanley's Europe Pharmaceuticals Analyst.  Terence Flynn: Today, how cheaper GLP-1 obesity medicines could reshape access, pricing, and supply chains; and what the first generic markets may signal for Europe and the U.S.  It's Monday, July 13th at 10am in New York.  Thibault Boutherin: And it's 3 pm in London.  Terence Flynn: Around one billion people live with obesity worldwide, including over a 100 million in the U.S. Right now, the introduction of the first lower cost generics of semaglutide, a GLP-1 medicine, in some international markets, could have consequences on affordability and demand.  Thibault, what are the first countries seeing the introduction of sema generics? What are the current dynamics, and why should global investors pay attention?  Thibault Boutherin: Sure. So, so far generics are being introduced this year in three countries: in India, Canada and Brazil. And if we look at India, this is the first market where the generics are being introduced. The patent for semaglutide expired in March 2026, and 13 companies have launched 26 generics across different formulations: autoinjectors, vials, and pills, which price is lower than the branded drug.  And because the India market was quite under-penetrated for GLP-1, we are seeing affordability dr… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/thoughts-on-the-market-980853/episodes/lower-prices-bigger-market-the-next-phase-of-glp-1-drugs/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/thoughts-on-the-market-980853/lower-prices-bigger-market-the-next-phase-of-glp-1-drugs.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.