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Following the news that Johnson & Johnson (J&J) has entered into a definitive agreement to acquire clinical-stage biopharmaceutical company Ambrx Biopharma for $2.0 billion; Israel Stern, MSc, Oncology & Hematology Analyst at GlobalData, a leading data and analytics company, offers his view: “J&J will have the rights to antibody-drug conjugate (ADC)-focused biotech, which includes anvatabart […]
AbbVie’s Produodopa holds potential to become first-choice pump for advanced Parkinson’s, says GlobalData
Following the news that AbbVie has launched Produodopa (foscarbidopa/foslevodopa), to treat severe motor fluctuations in patients with advanced Parkinson’s disease (PD) in the European Union (EU). Christie Wong, Neurology Analyst at GlobalData, a leading data and analytics company, offers her view: “AbbVie’s Produodopa is the first-to-market subcutaneous infusion of levodopa. Produodopa uses a VYAFUSER pump […]
Bluebird second reimbursement deal provides valuable advantage for Lyfgenia in upcoming battle for market share, says GlobalData
Following the news that Massachusetts-based biotechnology company bluebird bio Inc (bluebird bio) has signed a second outcomes-based reimbursement deal with a large commercial payer for its sickle cell disease gene therapy, Lyfgenia (lovotibeglogene autotemcel); Nancy Jaser, Senior Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “Combined with its first coverage […]
Biotech funding recovery is on the horizon in 2024, says GlobalData
Over 2022 and 2023, biotech funding saw significant change, with a marked downturn in investment. Hoverer, the post-pandemic slump is expected to end with the market heading to recovery in 2024, finds GlobalData, a leading data and analytics company. A recent GlobalData’s survey “The State of the Biopharmaceutical Industry 2024” found that overall, more than […]
MDD market across 8MM to reach $9.6bn by 2029 driven by novel drug launches, says GlobalData
The major depressive disorder (MDD) market is forecast to grow from $4.7 billion in 2019 to $9.6 billion by 2029 across the eight major markets (8MM*) at a compound annual growth rate (CAGR) of 7.4%, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Major Depressive Disorder: Eight-Market Drug Forecast and Market […]
Age-related macular degeneration market across 7MM set to reach $27.5 billion in 2031, forecasts GlobalData
The age-related macular degeneration market (AMD) in the seven major markets (7MM: the US, France, Germany, Italy, Spain, the UK, and Japan) is set to grow from $7.4 billion in 2021 to $27.5 billion in 2031, driven by the launch of longer-acting anti-vascular endothelial growth factor (VEGF) therapies to treat patients with AMD, an increase […]
India’s fight against rare diseases needs more focus on awareness and diagnosis, says GlobalData
In November 2023, the Indian Union Health Ministry authorised the sale of four generic medications for the treatment of rare diseases. This approval is a significant milestone in the fight against rare diseases in India. These approved indigenous products, along with other products yet to be approved, will aid patients suffering from rare diseases. However, […]
Addressing unmet needs of bronchiectasis key to develop effective treatments, says GlobalData
Although not a common disease, bronchiectasis has been in the spotlight of research as no therapies have been approved for its treatment. Bronchiectasis is a disease characterised by the abnormal enlargement of the bronchi in the lungs and the overproduction of mucus, which results in a poor quality of life, with physicians urging for improved […]
Cell and gene therapy will be top industry trend for pharma in 2024, finds GlobalData
Healthcare industry professionals scored cell and gene therapy (CGT) as the industry trend to have the greatest impact on the pharmaceutical industry in 2024, in a recent survey launched by GlobalData, a leading data and analytics company. The survey data presented in “The State of the Biopharmaceutical Industry 2024” report reveals that N=21 (18%) of […]
Casgevy approval unlikely to be followed up by another CRISPR drug in near future, says GlobalData
Vertex Pharmaceuticals and CRISPR Therapeutics made history last month by gaining approval for the first CRISPR-based drug, exagamglogene autotemcel (Casgevy). However, given that 88% of CRISPR drugs are in the early stages of development, it is unlikely to see another CRISPR approval any time soon, says GlobalData, a leading data and analytics company. In November […]
Gaucher disease market to reach $1.3 billion across 7MM in 2032, forecasts GlobalData
The market for Gaucher disease, a rare inherited metabolic disorder characterized by hepatosplenomegaly, bone disease, and anemia, is set to experience a compound annual growth rate (CAGR) of 0.79% across the seven major markets (7MM*) from $1.2 billion in 2022 to $1.3 billion in 2032, forecasts GlobalData, a leading data and analytics company. GlobalData’s latest […]
Ractigen’s RAG-01 becomes second saRNA drug globally to advance to clinical stage, says GlobalData
Ractigen Therapeutics, headquartered in China, submitted a clinical trial application for RAG-01 in Australia. This application paves the way for Phase I trial of RAG-01 in patients with non-muscle-invasive bladder cancer (NMIBC) who have not responded to Bacillus Calmette-Guérin (BCG) therapy, making it globally the second saRNA drug to advance into the clinical stage, says […]
Dual orexin receptor antagonists to drive insomnia market across 7MM to $4.1 billion in 2032, says GlobalData
The insomnia market across the seven major markets (7MM*) is poised to grow at a compound annual growth rate (CAGR) of 2.6% from $3.2 billion in 2022 to $4.1 billion in 2032, driven by an increase in the patient share of dual orexin receptor antagonists (DORAs) and the anticipated introduction of four late-stage pipeline products, […]
Geopolitical conflicts, inflation, and drug pricing pressures will be top challenges for pharma industry growth in 2024, finds GlobalData
Lingering inflation, geopolitical tensions, and conflicts, as well as continuous pressures to cut drug prices, will be the top challenges for the pharmaceutical industry in 2024, finds GlobalData, a leading data and analytics company. GlobalData’s recent survey “The State of the Biopharmaceutical Industry 2024” found that drug pricing and reimbursement constraints elicited the strongest responses […]
GLP-1R agonist withdrawal effect on weight loss and cardiovascular risks remains unmet need, says GlobalData
Eli Lilly recently published the results of a Phase III trial investigating the maintenance of Zepbound’s weight loss effects in overweight and obesity patients. Zepbound is Eli Lilly’s new glucagon-like peptide-1/gastric inhibitory polypeptide (GLP-1/GIP) dual agonist, approved by the FDA in November 2023, showing great promise compared to the other GLP-1R agonists on the market. […]
Inflammatory bowel disease market risks contraction, says GlobalData
In recent years, the increase in inflammatory bowel disease (IBD) biologic treatments has been a major driving force in the growth of this market. In 2007, AbbVie’s Humira received approval from the FDA to treat moderate-severe Crohn’s disease (CD). Since then, the IBD market has seen the entry of seven biologics. With more biologics anticipated […]
Female contraceptives market across 7MM to see only slight growth over next 10 years, forecasts GlobalData
The female contraceptives market across the seven major markets (7MM*) is forecast to slightly increase at a compound annual growth rate (CAGR) of 0.5% from $7.8 billion in 2022 to $8.2 billion in 2032, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Female Contraceptives in Major Markets, Disease Management, Epidemiology, Pipeline […]
Obesity drug Mounjaro to surpass Ozempic with $27 billion sales in 2029, forecasts GlobalData
Novo Nordisk‘s Ozempic (semaglutide) took the weight loss sector by storm in 2023, propelled by strong efficacy and safety data, coupled with social media buzz and celebrity endorsements that elevated the drug to mainstream prominence. However, a potential challenger has emerged in the form of Eli Lilly‘s Mounjaro (tirzepatide), which secured FDA approval for obesity […]
Positive Rezzayo data marks milestone in candidemia and invasive candidiasis treatment, says GlobalData
Melinta Therapeutics and Cidara Therapeutics released extensive data from two global clinical trials on their candidemia and invasive candidiasis drug Rezzayo (rezafungin acetate). The findings affirm the safety and efficacy of Rezzayo, a novel echinocandin antifungal administered through weekly intravenous (IV) infusion. This reinforces its market position, emphasizing its efficacy and safety in addressing fungal […]
New CAR-T therapies in South Korea to face stringent regulatory oversight, says GlobalData
South Korea has issued guidelines to monitor the side effects of the two approved CAR-T therapies – Kymriah (tisagenlecleucel) from Novartis and Carvykti (ciltacabtagene autoleucel) from Janssen. This will ensure a comprehensive database of adverse events including malignancies, if any in the local population, thereby ensuring patient safety in the country. However, regulatory focus on […]