Global Orphan Cancer Drug Market Research Report 2022-2028 (Business Opportunities - Advertising Service)

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Global Orphan Cancer Drug Market Research Report 2022-2028

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Bharat Book Bureau Provides the Trending Market Research Report on “Global Orphan Cancer Drug Market, Drug Sales, Price & Clinical Trials Insight 2028”under Life Sciences Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Global Orphan Cancer Drug Market, Drug Sales, Price & Clinical Trials Insight 2028 Report Highlights:
• Global Orphan Designated Market Opportunity > USD 170 Billion by 2028
• Global & Regional Market Size 2022 Till 2028
• Market Size By Orphan Designated Cancer Type 2022 Till 2028
• Top 50 Orphan Designated Cancer Drug Sales Forecast Till 2028
• Top 50 Drugs Account For > 70% Of Global Orphan Cancer Drug Market
• Top 50 Drugs Pricing, Dosage, Patent Insight
• Orphan Designated Cancer Drug Clinical Trials Insight by Company, Country & Indication
• Insight On More Than 400 Orphan Designated Cancer Drugs in Clinical Trials
• Insight On More Than 200 Orphan Designated Cancer Drugs Commercially Available in Market
Orphan cancer drugs are novel pharmaceuticals which are indicated for the prevention, diagnosis, or treatment of rare cancers. These rare cancers are chronic and life-threatening which requires proper long-term medications. As these diseases are rare, therefore the drug development of these diseases requires considerable amount of investment, thus increasing the overall cost of the drug. However, the passage of orphan drug development act in 1983 has opened avenues for the development of novel orphan drugs which are intended for the management of these cancers. The passage of this act incentivizes the pharmaceutical companies to actively invest in this segment. Till date, more than 700 drugs have been granted orphan designation for the management of orphan designated cancers.
This rapid increase in the designation also appears to have translated into an increase in approvals and commercialization of these drugs. As of now, more than 200 drugs have been commercially available for the management of rare cancers. Several biological drugs such as Herceptin, Rituximab, Blincyto, Kymriah, Opdivo, Keytruda, Yervoy, and others have been granted orphan designations which have shown encouraging response in the market owing to their targeted mechanism of action. The sales of these drugs have been tremendously increasing from past few years, which have encouraged the further research and development activities in this domain.
The global orphan cancer drug market is highly concentrated with several key layers including Mersana Therapeutics, Bristol Myers Squibb, Immunocore, Amgen, Genmab, Roche, Lava Therapeutics, and others. The key players are actively receiving orphan drug designation by the regulatory bodies which are expediting their clinical trials and approval process. For instance in 2022, Mersana Therapeutics has received orphan drug designation from US FDA to XMT-2056 for the management of gastric cancer. XMT-2056 is an investigational STING-agonist antibody drug conjugate (ADC) which is developed using the company’s Immunosynthen platform and targeting a novel epitope of human epidermal growth factor receptor 2 (HER2). The company has planned to initiate phase-I trial of XMT-2056 in a range of HER2 expressing tumors, such as breast, gastric and non-small-cell lung cancers, in mid 2022.
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Target State: Maharashtra
Target City : Navi Mumbai
Last Update : 02 July 2022 6:15 PM
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Item  Owner  : Priya Prakash
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2022-09-25 (0.406 sec)