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Cell therapies are among the most researched treatment types for blood cancer and the product pipeline is oversaturated, with GlobalData revealing that there are over 800 products currently in development for just five major blood cancers*. The leading data and analytics company warns that the blood cancer market will not be able to sustain this […]
AI and blockchain best poised to support optimization of electronic health records, according to GlobalData polls
Artificial Intelligence (AI) and blockchain stand out as the technologies poised to best support the optimization of electronic health records (EHRs), according to GlobalData, a leading data and analytics company. A recent poll published in GlobalData’s report, ‘Electronic Health Records – Physician Perspective Report’, revealed that AI (30%) was noted as the innovation that is best positioned […]
Australia adopts digital health initiatives to control resurging COVID-19 cases, observes GlobalData
The COVID-19 pandemic has overtaken the existing health concerns such as cancer, diabetes, and cardiovascular diseases to become one of the major contributors to the recent rise in mortality rate in Australia. To combat the resurging infection rates due to newer sub-variants, Australia is focussing on the provisional approvals of vaccines along with the expansion […]
India’s first homegrown mRNA COVID-19 vaccine likely to have low market penetration, says GlobalData
The Drug Controller General of India (DCGI) has recently approved Pune-based Gennova Biopharmaceuticals’ two-dose mRNA COVID-19 vaccine ‘GEMCOVAC-19’ for emergency use in adults aged 18 years and above. It is expected to be available soon in the country. However, the homegrown vaccine is likely to see low penetration in the Indian market, says GlobalData, a […]
Ashvattha’s new self-administered anti-VEGF therapy has potential to address unmet needs for diabetic macular edema, says GlobalData
Ashvattha Therapeutics has recently presented the safety data from a Phase 1 study of its lead diabetic macular edema (DME) candidate D-4517.2 at the Association for Research in Ophthalmology (ARVO). Against this backdrop, the drug has potential to address a key unmet need for drugs that reduce patient burden and compliance-related issues, says GlobalData, a […]
Implementation of electronic health records could lead to improved quality of care, says GlobalData
The adoption of electronic health records (EHR) is set to bring a number of benefits for patients, healthcare professionals, and healthcare systems, as they have the potential to improve patient care by enabling timelier, safer, and more cost-effective decision-making, says GlobalData a leading data and analytics company. Urte Jakimaviciute, Senior Director of Market Research at […]
Pharma industry’s spending on artificial intelligence could reach over $3 billion by 2025, says GlobalData
Due to its ability to rapidly assimilate big data from biomedical databases, artificial intelligence (AI) is being increasingly used to enhance computer-aided drug design. This can significantly reduce the time and cost to get a drug to market, particularly in areas of unmet need such as rare diseases, says GlobalData, a leading data and analytics […]
US to see a staggering number of cardiomyopathy cases by 2031, says GlobalData
3 million cardiomyopathy cases expected in the US by 2031, 83% of total cases in the 7MM Lack of epidemiology data and poor lifestyle choices contributing to US numbers US ‘acquired cardiomyopathy’ cases are double that of ‘inherited cardiomyopathies’, significantly higher than any other 7MM country Research by GlobalData has highlighted the startling difference between […]
New treatment options in development for schizophrenia could provide more complete symptom relief to larger patient population, says GlobalData
It is an exciting time within the schizophrenia market as numerous monotherapies and adjunctive therapies are being developed to address some of the most important unmet needs observed with current antipsychotic treatments, says GlobalData. Key opinion leaders (KOLs) interviewed by the leading data and analytics company were hopeful that these novel pipeline agents might help […]
Alzheimer’s disease space suffered setbacks in June but drug companies remain hopeful, says GlobalData
With rapidly increasing worldwide prevalence, Alzheimer’s disease (AD) has been identified as a major global health threat by the international medical community. However, June was fairly disappointing for the AD space with several companies announcing negative results from clinical trials and other news for pipeline products, found GlobalData. Despite these setbacks, the leading data and […]
Venture financing deal value for US-headquartered biotechs decreased by 46% in Q1 2022 compared to Q1 2021, finds GlobalData
Venture financing deal value for US-headquartered biotech companies decreased by 46% in Q1 2022 compared to Q1 2021, according to GlobalData. The leading data and analytics company notes that this decrease was due to venture capital firms becoming more selective in their investments due to the current economic and geopolitical uncertainties. Mariam Shwea, MPH, Business […]
Cardiomyopathies market set to reach $5.2 billion by 2031 driven by blockbuster obstructive HCM drugs, forecasts GlobalData
The cardiomyopathies market is set to grow from $1.6 billion in 2021 to $5.2 billion in 2031 across the seven major markets (7MM*) at a compound annual growth rate (CAGR) of 12.4%, according to GlobalData. The leading data and analytics company notes that growth in the US, 5EU*, and Japan will largely be driven by late-stage pipeline […]
Europe’s innovator drug venture financing loses pace with the US while entering bear market, says GlobalData
The biotech venture financing gap between Europe and the US is growing, with Europe on average receiving five times less per quarter compared to its US counterpart since 2017, says GlobalData. According to the leading data and analytics company, biotechs headquartered in Europe had $56 billion less venturing financing for innovator drugs than the US […]
Gut microbiome offers huge, unlocked potential for treating infectious diseases—including COVID-19, says GlobalData
Gut health is linked to diseases ranging from cancer, diabetes, and depression 43% of microbiome-targeting therapies for infectious diseases are being investigated in Clostridioides difficile infections (CDIs) Data show that viral shedding of COVID-19 in stool samples persist much longer than in respiratory samples, potentially playing a role in long COVID Rebiotix is the strongest player, and will […]
FDA rejects approval of novel oral antibiotic tebipenem Hbr, further increasing the threat of antibiotic resistance, says GlobalData
Following the news that the Food and Drug Administration (FDA) has denied marketing approval for Spero Therapeutics’ tebipenem Hbr; Nancy Jaser, PharmD/MBA, Pharma Analyst at GlobalData, a leading data and analytics company, offers her view: “There is a high unmet need for new oral antibiotics which are effective against multidrug-resistant bacterial strains. Filling this gap […]
Bronchiectasis treatment market set to provide more options for patients with 14 agents in development, says GlobalData
Due to the heterogeneity of bronchiectasis as well as the complex pathophysiology of the disease, the current bronchiectasis market suffers from a lack of disease modifying therapies, says GlobalData. The leading data and analytics company notes that 14 drugs are currently under development in the bronchiectasis pipeline focussing on a variety of disease modifying mechanisms […]
The significant unmet needs in OA treatment gives pharma companies the opportunity to create novel DMOADs, says GlobalData
There is a high level of unmet medical needs in the Osteoarthritis (OA) market such as the lack of disease-modifying OA drugs (DMOADs) and the need for effective analgesics with fewer adverse effects. This provides pharmaceutical companies with the opportunity to develop new drugs with disease-modifying effects and novel methods of action (MOAs) that are […]
Sanofi and Regeneron’s additional label expansion for Dupixent reinforces its dominance in the atopic dermatitis market, says GlobalData
The Food and Drug Administration’s (FDA) approval for Sanofi and Regeneron’s interleukin (IL)-4/13 inhibitor, Dupixent (dupilumab), for the treatment of children ages 6 months to 5 years with moderate-to-severe atopic dermatitis (AD) earlier this month, has solidified first-mover advantage for Dupixent and reinforces its market-leading position for the treatment of moderate-to-severe AD, says GlobalData, a […]
Lilly’s Mounjaro to become a market leading therapy for T2D and obesity, says GlobalData
With strong results from its SURPASS program for gastric inhibitory peptide/glucagon-like peptide-1 receptor (GIP/GLP-1) dual agonist Mounjaro (tirzepatide) for the treatment of type 2 diabetes (T2D), Lilly can expect Mounjaro to gain a significant share of the GLP-1 and wider T2D and obesity markets, says GlobalData. The leading data and analytics company notes that Mounjaro […]
India’s first domestically produced HPV vaccine by SII to improve affordability for those most at need, says GlobalData
Serum Institute of India’s (SII) Cervavac—a quadrivalent human papillomavirus (qHPV) vaccine— is likely to be the first indigenous qHPV vaccine to be approved in India, according to GlobalData. The leading data and analytics company notes that this will not only make the drug more affordable to Indians, but it will significantly improve the overall penetration […]