Press release
Biologics Market Share 2020: Global Trends, Key Players, Industry Analysis Report to 2026
The global biologics market is estimated to grow at a CAGR of 8.6% during the forecast period. Increasing approvals of biologics drugs are offering a significant opportunity for market growth. In June 2020, EMD Serono, and Pfizer Inc. declared the approval of the US FDA supplemental Biologics License Application for BAVENCIO (avelumab). The drug is approved for the maintenance treatment of patients suffering from metastatic or locally advanced urothelial carcinoma that has not progressed with first-line platinum-containing chemotherapy. It is the first immunotherapy that has shown a statistically potential improvement in the whole survival in the first-line setting in urothelial carcinoma. Therefore, the approval of avelumab by the US FDA is one of the potential advances for the treatment of metastatic or locally advanced urothelial carcinoma in 30 years.Get Report Sample Copy @ https://www.omrglobal.com/request-sample/biologics-market
Further, in October 2020, Cadila Pharmaceuticals revealed two similar biologics in the Indian market. This includes NuPTH, a teriparatide similar biologic, and Cadalimab, a similar biologic of the auto-immune treatment adalimumab. Cadila revealed four new products in India since July 2020. In August 2020, Cadila has also declared the introduction of a further similar biologic in India. The drug is sold as NuPTH, which is a similar biologic of teriparatide. This drug is a form of parathyroid hormone that is aimed for the treatment of osteoporosis by promoting bone formation. It can also be utilized in other patient groups with an enhanced risk of fracture.
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Scope of the Global Biologics Market
Market Coverage
Market number available for 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Product and Application
Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
Competitive Landscape- AbbVie Inc., Amgen Inc., Eli Lilly and Co., F. Hoffman-La Roche AG, and Boehringer Ingelheim GmbH
Recent Strategic Initiatives in the Global Biologics Market
In February 2019, Alder presented a Biologics License Application (BLA) to the US FDA for eptinezumab. During 2020, Lundbeck expects to present eptinezumab for European Union approval, followed by proposals for approval in other regions across the globe including Japan and China. This acquisition will accelerate Lundbeck’s late-stage pipeline and offering access to novel capabilities in the field of monoclonal antibody treatment.
In June 2018, Boehringer Ingelheim declared its plans to invest nearly $269.2 million into a new biological development centre (BDC) at the company’s R&D site in Biberach, Germany. The center is a major building block that encourages the company’s long-term strategy to enhance the share of pipeline’s biologicals.
Global Biologics Market-Segmentation
By Product
Antibody Therapeutics
Vaccines
Cell Therapy
Gene Therapy
Others
By Application
Cancer
Autoimmune Diseases
Infectious Diseases
Others
Global Biologics Market– Segment by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Amgen Inc.
AstraZeneca plc (UK)
Aurobindo Pharma Ltd.
Biocon Ltd.
Biological E. Limited (BE)
Boehringer Ingelheim GmbH (Germany)
Bristol Myers Squibb Co. (UK)
Cipla Ltd. (India)
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