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In February 2021, Novo Nordisk released impressive data from its Phase IIIa STEP1 trial for semaglutide, a glucagon-like peptide-1 (GLP-1) receptor agonist, in a bid to strengthen its position as the market leader in obesity. There is a clear unmet need in the market for more efficacious and convenient therapies, says GlobalData, a leading data […]
COVID-19 disruption of clinical trials varies by therapy area
The number of clinical trials disrupted by the COVID-19 pandemic continues to increase into 2021, although the degree of disruption varies depending on the therapy area, says GlobalData, a leading data and analytics company. Scotty Chung-Siu, MPH, Senior Analyst at GlobalData, comments: “Companies and organizations continue to report trial disruptions due to the COVID-19 pandemic, including delayed initiation, delayed enrollment, and slow enrollment, although not all therapy areas have been equally affected.” Comparing April 2020 […]
The COVID-19 pandemic is driving an increase in novel FDA approvals and outsourcing of manufacturing
Innovative drug approvals increased in the US between 2019 and 2020. This increase happened despite the FDA’s stretched resources, as it had to reassign staff to cope with COVID-19-related activities. The agency approved 121 novel drugs in 2020, compared with 119 in in 2019, says GlobalData, a leading data and analytics company. Adam Bradbury, PharmSource Analyst at GlobalData comments: “There was a large increase in approvals of new molecular entities (NMEs), the most innovative drug type with 21% more NME approvals than in 2019. There were also more small cap pharma–sponsored drug approvals and overall approvals compared […]
Addressing ESG issues may help pharma to repair its reputation
As pharmaceutical companies continue to grapple with issues ranging from lack of transparency on pricing, price gouging to questionable ethical practices and clinical data reporting processes, addressing environmental, social, and governance (ESG) issues will continue to be an important, and perhaps beneficial theme for the industry in 2021, says GlobalData a leading data and analytics company. In a recent GlobalData poll* it was highlighted that environmental issues were viewed as the most important ESG area […]
Bio/Pharma companies’ Q4 2020 market performance impacted by development of treatments or vaccines for COVID-19
The market performance of the top 20 Bio/Pharma companies is still being impacted by the COVID-19 pandemic, either positively for companies developing a vaccine for the disease or negatively for those working on a treatment, says GlobalData, a leading data and analytics company. Madeleine Roche, MSc, Analyst at GlobalData comments: “Drug sales for Q4 2020 heavily influenced company performance, with COVID-19 vaccines driving market cap growth, but COVID-19 therapeutics possibly causing a decline. The top 10 companies (Johnson & Johnson, F. Hoffmann-La Roche, Novartis, Merck & Co, Pfizer, AbbVie, Eli […]
Global armored vehicles market to reach $34.1bn by 2030
The armored vehicles market has managed to show some degree of resilience to COVID-19, compared with other industries. The issues faced by the market have arisen mostly from the supply side and not from a lack of demand, according to GlobalData, a leading data and analytics company. This is primarily due to manufacturers shutting down […]
Israel’s COVID-19 vaccine rollout highlights protection data in real time
Following the news from Israel that Pfizer and BioNTech’s COVID-19 vaccine reduced symptomatic SARS-CoV-2 by 94% and severe COVID-19 by 92%; Philipp Rosenbaum, PhD, Senior Infectious Diseases Analyst at GlobalData, a leading data and analytics company, offers their view: “The speedy rollout of Pfizer and BioNTech’s vaccine in Israel creates real world data almost in real time on the public health outcomes of COVID-19 vaccination, serving as an example for the rest of the world. A combination of a highly effective vaccine, […]
High cost of therapy and toxicity issues are the most important unmet needs in immuno-oncology
As of 2020, unmet needs in immuno-oncology (IO) revolve around three main pillars: Cost, efficacy and toxicity. While a multitude of pipeline agents are poised to address needs related to toxicity and efficacy, with this level of industrial investment highlighting their importance for the future of IO, there is little incentive to optimize for issues […]
Caladrius Biosciences’ US sales of CLBS16 in CMD to reach $346m by 2028, despite market entry hurdles
Caladrius Biosciences’ initiation of the Phase IIb FREEDOM trial of its autologous CD34+ stem cell therapy, CLBS16, in coronary microvascular dysfunction (CMD), is an important development milestone. While concerns regarding the therapy’s scalability, potential cost and durability of the treatment effect will impact its market uptake, the drug is forecast to generate US sales of $364m by 2028, according to GlobalData, a leading data and analytics company. Kelly Lambrinos, Managing Analyst at GlobalData, comments: “There are no drugs that specifically […]
COVID-19 mRNA vaccines may encounter uptake issues over disinformation and safety concerns
Experts estimate that achieving herd immunity to COVID-19 will required upwards of 70–90% of the population to have immunity. While vaccine efficacy for Moderna’s mRNA-1273 vaccine is 94% and the Pfizer-BioNTech mRNA vaccine is 95%, some models estimate it would require roughly 80% of the population to be vaccinated if the protection lasts for one […]
Positive COVID-19 test rates by age group must be monitored as the vaccination campaign continues in the UK
COVID-19 cases and deaths in the UK have finally started to decrease after the country entered into the third national lockdown at the beginning of January. As the UK looks to re-open its economy, monitoring age-specific rates is vital to prevent a further resurgence of cases before the national vaccination program is complete, says GlobalData, a leading data and analytics company. Approximately 68,000 new cases of COVID-19 were recorded on January 8, 2021, which is the highest daily total the country has seen since the pandemic began. […]
Directed energy weapons demand set to surge among military forces
Directed energy weapons (DEWs) have finally reached top power levels and the effectiveness to allow them to be used on the battlefield. Combat platforms are expected to be equipped with DEWs by 2025, working alongside conventional weapons such as guns and missiles, according to GlobalData, a leading data and analytics company. Military forces are seeking to launch and deploy effective DEWs at the earliest opportunity and demand is surging as the global value for DEWs […]
Biden and Democrats to tackle COVID-19 logistics, not regulatory processes
With Joe Biden ascending to the presidency with a Democrat-controlled Congress, COVID-19 is expected to take center stage in this administration. Biden unveiled a $1.9 trillion stimulus package aimed at supporting vaccine distribution efforts, as well as additional direct deposits to eligible Americans. Although the new administration is unlikely to have a direct impact on the regulatory processes for additional COVID-19 vaccines and therapeutics, they have taken several measures to ensure a smooth transition on the logistical front, […]
COVID-19 disrupted clinical trials due to slow recruitment continue to grow
Since June 2020, the number of total disrupted trials has been falling slowly; however, this has leveled off in October 2020. Despite this, the number of clinical trials that have resumed continues to rise. The majority of current trial disruptions are due to trials impacted by slow enrollment, which continue to gradually increase, says GlobalData, a leading data and analytics company. Brooke Wilson, Associate Director, Trials Intelligence at GlobalData, comments: “This implies that although sponsors and contract service […]
Severe COVID-19 survivors may face an increased risk of developing dementia
Brain inflammation and mini-strokes observed in COVID-19 patients may place them at increased risk of developing Alzheimer’s disease (AD) and other types of dementia. For COVID-19 survivors, adverse cognitive outcomes may be long term and result in lower quality of life and disability, particularly among severe cases, says GlobalData, a leading data and analytics company. Ana Fernandez-Menjivar, Pharma Analyst at GlobalData, comments: “Some of the most concerning lasting effects of COVID-19 are continued loss of sense of smell or taste, memory or concentration problems, and other cognitive complications, because they indicate probable […]
Across pharmaceutical value chain drug development process will experience biggest impact from COVID-19 in 2021
Despite seriously affecting the ability to carry out clinical research, COVID-19 is also proving to be a catalyst that may transform the drug development process, with technological innovations taking center stage in driving this change, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘The State of the Biopharmaceutical Industry 2021’, reveals that the drug development process will face the biggest impact from COVID-19 in 2021, as confirmed by 32% (N=63) out of 198 pharmaceutical industry professionals. […]
Sentiment towards technology warms as COVID-19 forces businesses to go digital
The COVID-19 pandemic has led to an increase in positive sentiment towards technology, as 57% of respondents to GlobalData’s poll stated that their attitude towards cybersecurity had become more positive in 2020. A further 53% of respondents were equally positive about cloud computing. Reliance on cloud computing for storage and collaboration has been a feature of the pandemic, according GlobalData, a leading data and analytics company. GlobalData’s report, […]
Xeljanz safety data in Rheumatoid Arthritis could mean headaches for all JAK inhibitors
Following Pfizer’s recent announcement of co-primary endpoint results from ORAL Surveillance (NCT02092467) in rheumatoid arthritis (RA) patients with cardiovascular (CV) risk factors; Rose Joachim, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “These results signal troubles ahead for Xeljanz and potentially other JAK inhibitor products. The ORAL Surveillance trial first came under scrutiny in early 2019, when Pfizer had to modify the protocol […]
Boeing’s KC-46 will continue at same pace as company focus on commercial space
Following the release of Boeing’s Q4 results; Mathew George, Ph.D., Aerospace & Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Boeing’s results show how much the company has had to go through due to disruptions in production as a result of the COVID-19 pandemic. However, Boeing’s financial struggles will be […]
Life and health insurance most likely products to see long-term benefits from COVID-19
The life and health insurance markets will see the most positive impact from the COVID-19 pandemic, according to a GlobalData poll. The pandemic has caused major disruption to a myriad of businesses, resulting in some insurance lines seeing huge declines in business, but some products may also benefit in the longer term. Respondents to GlobalData’s poll indicated that life and health products would see the most positive impact. Consumers and businesses are likely to feel more vulnerable to viruses and want more protection in the form of such policies. Ben Carey-Evans, Analyst at GlobalData, comments: “Business interruption insurance is […]