India's OneSource eyes weight-loss drug boost to order book
June 12 (Reuters) - Indian contract drug manufacturer OneSource Specialty Pharma (ONEO.NS), opens new tab expects strong growth in its order book over the next three years, driven by the global boom in weight-loss drugs, its top executive said on Monday.
Global drugmakers, including generic drug manufacturers in India, are racing to develop their versions of blockbuster injectable obesity drugs from Denmark's Novo Nordisk (NOVOb.CO), opens new tab and U.S.-based Eli Lilly (LLY.N), opens new tab. The active chemical compound in Novo's injectable Wegovy drug, semaglutide, will go off patent in 2026 in a few markets, including India.
OneSource, which added 15 orders related to obesity and diabetes drugs in fiscal year 2025, said there are more in the pipeline. The global obesity market is estimated to be valued at $150 billion by the early 2030s.
The company develops and manufactures complex biological drugs, vials, injectables, and soft gelatin capsules for larger pharmaceutical firms.
"Our growth over the next few years will be driven by commercial launches of GLP-1s (weight-loss and diabetes drugs) by our global customers in all the key markets opening post patent expiry in 2026," CEO Neeraj Sharma told Reuters in an interview.
Backed by increasing demand from weight-loss drug manufacturers, OneSource's order book across all service verticals should expand in line with 30% compound annual growth rate through fiscal year 2028, according to the CEO.
OneSource, which competes with larger players such as Piramal Pharma (PIRM.NS), opens new tab and Divi's (DIVI.NS), opens new tab in contract research, development and manufacturing, is investing about $100 million to expand its drug device facilities, the CEO said.
The company, which was demerged from Strides Pharma Science (SRID.NS), opens new tab and listed in January, is also looking at setting up a global footprint in manufacturing, both in Europe and the U.S.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
an hour ago
- Reuters
China's new bank loans rise in May, below forecasts
BEIJING, June 13 (Reuters) - Chinese banks extended 620 billion yuan ($86.34 billion) in new loans in May, rising from the previous month as reassuring monetary measures and a trade truce achieved between Beijing and Washington in mid-May boosted borrowers' confidence. The loans distributed missed analysts' forecasts, rising from April's 280 billion yuan, according to Reuters calculations based on data released by the People's Bank of China on Friday. Analysts polled by Reuters had expected May new yuan loans would reach 850 billion yuan, compared with 950 billion yuan a year earlier. The central bank does not provide monthly breakdowns. Reuters calculated the May figures based on the bank's January-May data, compared with the January-April figure. ($1 = 7.1813 Chinese yuan renminbi)
Reuters
2 hours ago
- Reuters
South African assets sink on risk aversion after Israel's strike on Iran
JOHANNESBURG, June 13 (Reuters) - South Africa's rand and government bonds fell steeply in early trade on Friday, after Israeli military strikes on Iran drove investors toward safe havens. At 0657 GMT, the risk-sensitive rand traded at 18.04 against the dollar , 1.6% weaker than Thursday's close. The rand had been on a strong run for weeks, helped by local coalition partners resolving a budget dispute, talk of a lower inflation target and strong precious metal prices. The escalation in hostilities in the Middle East - a major oil-producing region - adds a fresh layer of uncertainty for financial markets at a time of pressure on the global economy from U.S. President Donald Trump's erratic trade policies. No major domestic data releases are due on Friday, but next week local consumer inflation (ZACPIY=ECI), opens new tab and retail sales (ZARET=ECI), opens new tab figures will be published. The yield on South Africa's benchmark 2035 government bond was up 16.5 basis points to 10.25%.
Scotsman
3 hours ago
- Scotsman
Get 33% Off the ghd Max Professional Hair Straightener
Get 33% Off the ghd Max Professional Hair Straightener for a limited time only | Amazon This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement. For a limited time only the ghd Max Professional Hair Straightener are on sale. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The ghd Max Professional Hair Straightener known for delivering quick, sleek, and frizz-free results is now available at 33% off. Originally is currently on sale at Amazon and can be yours for £139.50 that's a huge 33% off the original £209 price. Don't miss this limited-time offer to invest in healthier hair with stunning results. ghd Max isn't just a straightener – it's a styling essential designed for performance and protection. ghd Max Professional Hair Straightener ghd Max Professional Hair Straightener | Amazon Engineered for maximum efficiency and salon-quality results, the ghd Max Professional Hair Straightener features 70% larger plates, making it the perfect choice for those with long, thick, or curly hair. You'll spend less time styling and more time enjoying silky, shiny hair that looks professionally done. The ghd hair straighteners have over 1000 five star reviews on Amazon. One person wrote: 'Fantastic quality, purchased to upgrade a very old pair of thin Ghds.' Another person explained that these ghd straighteners are 'Great for thick hair.' Features: Dual-Zone Technology: Maintains the optimum styling temperature of 185°C across both plates for even heat and smooth results without extreme heat damage. Wider Plates: Designed for quicker styling, the 1.65" plates cover more surface area to straighten hair in fewer passes. Frizz-Free Finish: Reduces frizz by up to 2x and delivers up to 80% more shine†. Sleek Results that Last: Create long-lasting, salon-smooth styles effortlessly. Eco-Friendly Packaging: Comes in fully recyclable outer packaging, aligning your beauty routine with sustainability. 💪 Women 55+ are leading the way in healthy weight loss A major UK study shows that women over 55 are seeing the best results from weight loss jabs like Wegovy and Mounjaro – and it's not just the medication that's working. According to research from Voy and Imperial College London, older women who track their weight and attend coaching sessions lose 53% more weight than those relying on jabs alone. ✨ Voy offers a personalised, medically guided plan combining prescription support with coaching and digital habit-building tools. Learn more and check your eligibility here. Natalie Dixon is NationalWorld's Lifestyle reporter . If you liked this article and want to read more about fashion, beauty and lifestyle you can follow Natalie Dixon on X here .
