Sumitomo Pharma partners with Knight Therapeutics for exclusive licensing agreements in Canada and with Novo Nordisk in Japan for co-promotion of Ozempic, leading to positive stock performance.
What is covered in the Full Insight:
Introduction to Sumitomo Pharma's Recent Developments
Details of the Knight Therapeutics Agreement
Co-Promotion with Novo Nordisk for Ozempic
Financial Performance and Streamlining Efforts
Outlook and Future Prospects for Sumitomo Pharma
Boomeranged on Thu, 16 Oct 2025 11:13
Novo Nordisk and Sumitomo Pharma have been jointly promoting Ozempic since July 2025. Building upon that, they have entered into a co-promotion agreement in Japan for Wegovy Subcutaneous Injection indicated for the treatment of obesity disease. We feel, there is a fair chance, of Novo Nordisk eventually transferring Japan commercialization rights for Ozempic and Wegovy to Sumitomo Pharma.