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The recent Food and Drug Administration (FDA) approval of the first T-cell receptor (TCR) therapy, Immunocore’s ($IMCR) Kimmtrak, for the treatment of uveal melanoma offers such a clear benefit to patients that it will become the standard of care in the US, says GlobalData. The leading data and analytics company estimates the annual cost of […]
Top small molecule API pharma CMOs gain high containment facilities but decrease non-specialized sites, says GlobalData
Top pharma Contract Manufacturing Organizations (CMOs) are investing in specialist facilities for manufacturing small molecule active pharmaceutical ingredients (API) requiring containment, according to the GlobalData report, ‘Contract Small Molecule API Manufacturing Industry by the Numbers – 2021 Edition’. High containment facilities protect operators against exposure to dangerous products and prevent cross-contamination of standard medicines with […]
Glaucoma market to grow to $3.5 billion by 2030, driven by launch of new pipeline products, says GlobalData
Steady growth is expected for the glaucoma market across the seven major markets* (7MM) from $2.8 billion in 2020 to $3.5 billion in 2030, at a compound annual growth rate (CAGR) of 2.0%, according to GlobalData. According to the leading data and analytics company’s latest report ‘Glaucoma – Global Drug Forecast and Market Analysis to […]
Top 20 global innovative Bio/Pharma companies report 24.9% MCAP growth to reach $3.4 trillion, says GlobalData
The top 20 global innovative Bio/Pharma companies* had a favorable year in 2021, reporting a 24.9% growth in aggregate market capitalization (MCAP)—from $2.8 trillion on 31 December 2020 to $3.4 trillion as of 31 December 2021, according to GlobalData. The leading data and analytics company notes that a positive year-on-year (YoY) MCAP growth was reported […]
Promising pipeline for endometriosis will transform treatment algorithm, says GlobalData
Oral contraceptives and non-steroidal anti-inflammatory drugs (NSAIDs) remain first-line therapies in the endometriosis market across the seven major markets (7MM*) due to their affordability, side effect profiles and ease of use. However, the treatment algorithm for endometriosis will see significant changes given the promising pipeline, which includes GnRH antagonists, Relugolix and Linzagolix, and a vaginal […]
Abbott Laboratories growth in 2021 driven by rapid diagnostics, in global market worth $54.4 billion, says GlobalData
Following the release of Q4 2021 financials from Abbott Laboratories; Chris Onderisin, Medical Devices Analyst at GlobalData, a leading data and analytics company, offers his view: “A steady rise in sales of COVID-19 rapid diagnostics has allowed Abbott Laboratories to increasingly gain ground in the global in vitro diagnostics market, which GlobalData values at $54.4 […]
Pfizer DMD fatality may clear the path for Sarepta’s gene therapy, says GlobalData
On December 20, 2021, Pfizer announced the unexpected death of a participant in the company’s Phase Ib open-label study (NCT03362502) on PF-06939926 (fordadistrogene movaparvovec), a gene therapy aiming to treat Duchenne muscular dystrophy (DMD). The FDA issued a clinical pause on the trial and Pfizer is in the process of investigating the causes of the […]
US sickle cell disease market to skyrocket to $4.8bn by 2030, driven by gene therapies and new first-in-class products, says GlobalData
A number of exciting new sickle cell disease (SCD) drugs are set to hit the US market, says GlobalData, including gene therapies that could offer patients a cure. The leading data and analytics company notes that one of the gene therapies that is currently closest to entering the market— bluebird bio‘s bb1111—is projected to represent […]
Endometriosis market set to reach $2.91 billion in 2030 driven by anticipated approval of several pipeline agents, forecasts GlobalData
The endometriosis market is set to grow from $1.06 billion in 2020 to $2.91 billion in 2030 across the seven major markets (7MM*), at a compound annual growth rate (CAGR) of 10.6%. The US, 5EU, and Japan will see much of this growth due to so many promising agents in late-stage clinical trial development, according […]
Roche’s tominersen could help Huntington’s disease market reach over $1 billion in sales by 2030, says GlobalData
Ionis Pharmaceuticals’ partner Roche recently announced that it will initiate a new Phase II trial to reassess its pipeline antisense therapy, tominersen, in the treatment of Huntington’s disease (HD). Tominersen offers Roche the opportunity to bring one of the first disease-modifying treatments to this market, in a move that could help nudge the HD market […]
Psoriasis small molecule market expected to grow significantly over the next 10 years, says GlobalData
On January 13, UNION Therapeutics registered a Phase IIb, randomized, double-blind, placebo-controlled, parallel-group, dose-ranging study to evaluate the efficacy and safety of the phosphodiesterase-4 (PDE4) inhibitor, orismilast, in adults with moderate-to-severe plaque psoriasis (PsO). Although historically dormant compared to the injectable biologic development space, the PsO small molecule market is expected to grow significantly over […]
Rinvoq and Cibinqo Janus kinase (JAK) inhibitors approved by FDA with boxed warnings and restrictive labelling, says GlobalData
AbbVie’s Rinvoq (upadacitinib) and Pfizer’s Cibinqo (abrocitinib) have been approved by the FDA for the treatment of refractory atopic dermatitis (AD), despite ongoing safety concerns and multiple delays. Both AbbVie and Pfizer’s products assets are the first small molecules, specifically Janus kinase (JAK)-1 inhibitors, to be approved in the US, as treatment options for patients […]
AVROBIO Fabry disease gene therapy program cancelled inhibiting the company’s progress in rare diseases, says GlobalData
AVROBIO has cancelled its Fabry disease (FD) gene therapy AVR-RD-01, which was due to launch in H2 2022 following disappointing results from a recent Phase II clinical trial. In earlier clinical trials the company had reported promising results for AVR-RD-01 with these recent poor results occurring unexpectedly. This will prove to be significantly disappointing to […]
Novavax continues to strengthen Asia presence with South Korea approval, says GlobalData
American biotech company Novavax, together with Korea-based SK Group’s vaccine business subsidiary SK bioscience, has secured the South Korea’s Ministry of Food and Drug Safety (MFDS) approval for its recombinant, adjuvanted COVID-19 vaccine Nuvaxovid. The move strengthens Novavax’s presence in Asia through local partners, says GlobalData, a leading data and analytics company. According to GlobalData’s […]
Limited disease awareness will remain the main barrier to growth in the US axillary hyperhidrosis market, says GlobalData
Despite the axillary hyperhidrosis (AH) market in the US growing at an impressive compound annual growth rate (CAGR) of 15.7%, from $65.6 million in 2020 to $281.8 million by 2030, limited awareness of the disease will remain the main barrier to further grow, and unmet needs will not be addressed during the forecast period, according […]
Antibacterial resistance needs a COVID-19 global scale response, says GlobalData
Following the news that antibacterial resistance was the third leading cause of death worldwide in 2019, killing more than malaria or AIDS*; Emily Martyn, MPH, Healthcare Analyst at GlobalData, a leading data and analytics company, offers her view: “The threat of antibiotic resistance cannot be understated. Without effective antibiotics, not only will we be unable […]
T-cell lymphoma diagnosed incident cases set to reach 35,000 in 2030, driven by an aging population with more risk factors and comorbid conditions, says GlobalData
Driven by an aging population and more people with comorbid conditions, the amount of patients diagnosed with T-cell lymphoma (TCL) is expected to increase at an annual growth rate (AGR) of 3.00% from around 27,000 cases in 2020 to 35,000 cases in 2030 in the eight major markets (8MM*), according to GlobalData. The leading data […]
Unmet needs in Duchenne muscular dystrophy will be partially met by the pipeline, says GlobalData
Upcoming, highly-anticipated gene therapies for progressive muscle-degenerating disease Duchenne muscular dystrophy (DMD) will cost a whopping $2 million per patient per year—double the cost of the current standard-of-care, exon-skipping therapies—says GlobalData. The leading data and analytics company’s research highlighted the costs of various DMD treatment types as part of an assessment of the upcoming pipeline, […]
Cejemly will drive CStone’s overall growth in China, says GlobalData
CStone Pharmaceuticals has recently received the National Medical Products Administration (NMPA) of China approval for Cejemly (sugemalimab). Against this backdrop, Cejemly is expected to drive the CStone’s overall growth, says GlobalData, a leading data and analytics company. Cejemly is an OmniAb-derived anti-PD-L1 monoclonal antibody for the first-line treatment of metastatic (stage IV) non-small cell lung […]
Johnson & Johnson’s COVID-19 vaccine sales to decline over next five years due to Pfizer competition, says GlobalData
Johnson & Johnson’s (J&J’s) COVID-19 vaccine sales are forecast to consistently decline between 2022 and 2027, according to GlobalData, largely due to competition from Pfizer. The leading data and analytics company’s forecast for J&J decreased by an average of 35% from Q3 2021 to Q4 2021, and is now expected to generate $6.7 billion in […]