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Local unicorn Patsnap says it is 'self-sustainable' without having to touch the US$300 mil raised

Nicole Lim
Nicole Lim • 8 min read
Local unicorn Patsnap says it is 'self-sustainable' without having to touch the US$300 mil raised
One of Singapore's lesser-known unicorns, Patsnap, is crucial in a firm or country's claim to economic and geopolitical prowess, like Ozempic in Denmark. Photo: Patsnap
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Ozempic gained widespread attention in 2023 when Hollywood celebrities attributed their dramatic weight loss to the drug, sparking global demand for this miracle diet remedy and causing supply shortages.

The success of Ozempic even resulted in Denmark — where the pharmaceutical company was founded — forecasting a 2.1% expansion of the economy from a year of zero growth in 2023.

But the process of inventing a multi­million-dollar drug designed as a medication to suppress hunger did not happen by chance.

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