Health Canada approves 2nd generic version of Ozempic — and it’s Canadian

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Canada is the first of the G-7 countries to authorize generic semaglutide.

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Apotex is a global pharmaceutical company headquartered in Toronto.

Many people without drug coverage have been eagerly waiting for generic semaglutide because the brand name original can cost hundreds of dollars a month.

How much cheaper generic semaglutide will be than Ozempic depends on how many generic options are approved and hit the market.

According to the pricing structure of the pan-Canadian Pharmaceutical Alliance, the first generic medication could cost 75 to 85 per cent of the brand name. Once a second medication enters the market, the price for both drops to 50 per cent. When there are three or more generic products available in Canada, the cost would decrease to about 35 per cent of brand-name Ozempic’s price.

This report by The Canadian Press was first published May 1, 2026.

Canadian Press health coverage receives support through a partnership with the Canadian Medical Association. CP is solely responsible for this content.

Nicole Ireland, The Canadian Press