Pruritus Drug Market – Key Players are Cara Therapeutics, Enteris BioPharma, NeRRe Therapeutics, Menlo Therapeutics, XBiotech, Ipsen Pharma, Novus Therapeutics
Global Pruritus Drug Market is growing at a substantial CAGR in the forecast period of 2019-2026. Increasing research and development expenses and high demand of novel therapies are some factors fueling the market growth.
Pruritus is referring to the severe itching associated with number of dermatological disorders including xerotic eczema, atopic dermatitis, and allergic contact dermatitis. It is typically an unpleasant sensation that elicits a desire to scratch vigorously and it is greatly altered by psychological and CNS factors.
According to the statistics published in U.S. Department of Health and Human Services, it was estimated approximately 10 to 25% people were affected with pruritus worldwide. Huge financial support from the government and increase in strategic alliances between the companies are key factors for market growth.
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Increase prevalence of pruritus worldwide is driving the market growth
Increase special designation from the regulatory authorities is boosting the market growth
High specific demand of novel treatment is accelerating the market growth
Huge financial support to the researchers for developing novel intervention is enhancing the market growth
Segmentation: Global Pruritus Drug Market
Chronic Kidney Disease associated Pruritus
Chronic Liver Disease associated Pruritus
Atopic Dermatitis Associated Pruritus
By Routes of Administration
By End Users
By Distribution Channel
Middle East & Africa
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Key Developments in the Market:
In August 2019, Cara Therapeutics in-licensed exclusive worldwide excluding South Korea and Japan to develop and commercialize oral Korsuva, selective inhibitor of kappa opioid receptors from Enteris BioPharma for the treatment of chronic pruritus. Under the deal terms, Enteris BioPharma granted Cara Therapeutics Peptelligence Technology to develop and commercialize Oral Korsuva in any indication. Enteris BioPharma will receive an upfront payment of USD 8.00 million comprised of USD 4.00 million in cash. Additionally, Enteris BioPharma is eligible to receive development, regulatory and tiered commercial milestone payments, as well as low, single-digit royalties based on net sales in the licensed territory granted by Enteris BioPharma.
In January 2019, Menlo Therapeutics received Breakthrough Therapy designation from the FDA for serlopitant, an oral NK1 receptor antagonist for the treatment of pruritus associated with Prurigo Nodularis (PN). The FDA’s Breakthrough Therapy designation expedites development and timeline process and facilitates FDA regular interaction and guidance which will make regulatory approval faster and hence help patients suffering from pruritus to regulatory approval faster.
Global pruritus drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global pruritus drug market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Players:
Few of the major competitors currently working in the global pruritus drug market are Cara Therapeutics, Enteris BioPharma, NeRRe Therapeutics, Menlo Therapeutics, XBiotech, Ipsen Pharma, Novus Therapeutics, Inc, AMOREPACIFIC CORPORATION, RDD Pharma, Ltd, Pfizer Inc and others.
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