Increasing awareness of new treatment of early diagnosis to bring profitable opportunities for the Myelodysplastic Syndromes Market

In myelodysplastic syndrome (MDS), some of the cells from bone marrow are abnormal and have problems making new blood cells. Moreover, increasing possibility of MDS to further progress into rapidly growing cancer of bone marrow cells called acute myeloid leukemia (AML), leads to increasing efforts by key players develop highly effective therapies for MDS treatment. Manufacturers across the globe have been receiving regulatory approvals for the development and launch of novel drugs that are indicated for the treatment of myelodysplastic syndrome. Hence, this is an imperative factor expected to drive the global myelodysplastic syndrome treatment market growth to a great extent.

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For instance, in 2016, Opsona Therapeutics Ltd. received an orphan drug designation (ODD) from the U.S. Food & Drug Administration (FDA) for its OPN-305 humanized IgG4 monoclonal antibody, indicated for the treatment of myelodysplastic syndrome (MDS). In March 2017, FibroGen Inc. received the China Food and Drug Administration’s (CFDA) approval for conducting the Phase 2/3 trial of its drug ‘roxadustat’ for treating low-risk myelodysplastic syndrome patients with anemia.

Moreover, key companies in this market, for example, Celgene, are deeply focused on R&D investments for specific MDS drugs. Currently, Celgene is looking to target this particular type of inflammation with medications and therapeutic antibodies, in order to make MDS cells more vulnerable. Hence, such factors offer immense opportunities for the growth of the global myelodysplastic syndrome treatment market.

In November 2017, Cipla Ltd., received the U.S. Food and Drug Administration (FDA) approval for its abbreviated new drug route of administration (ANDA) for Decitabine injection 50 mg single-use sterile vial, which is a generic version of Dacogen, a product of Otsuka America Pharmaceutical Inc.

The leading players operating in the global myelodysplastic syndrome treatment market include Celgene Corporation, Otsuka Pharmaceutical Co., Ltd. Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Limited, Dr. Reddy's Laboratories Ltd., Mylan NV, Cipla Limited, Acceleron Pharma, Inc., Aprea Therapeutics, FibroGen Inc., Onconova Therapeutics Inc., and Geron.

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Major Market Competitors: Celgene Corporation, Otsuka Pharmaceutical Co., Ltd. Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Limited, Dr. Reddy's Laboratories Ltd., Mylan NV, Cipla Limited, Acceleron Pharma, Inc., Aprea Therapeutics, FibroGen Inc., Onconova Therapeutics Inc., and Geron

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