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We also signed an out-licensing agreement with Ajanta Pharma to market our vertically integrated drug product, Semaglutide, in 26 countries across Africa, Middle East and Central Asia. Kiran Mazumdar Shaw, Executive Chairperson, Biocon Group | Q3 FY26 Biocons cost edge here is structural

Patched GLP-1 claims to use microneedle nano-semaglutide technology, but this remains unverified by any independent testing or clinical trials

4 A separate analysis published in JAMA Internal Medicine examined depression scores (using the PHQ-9 questionnaire) and suicidal ideation across the STEP 1, 2, 3, and 5 trials over up to 104 weeks