Published on : Jun 22, 2017
Albany, New York, June 22, 2017: From the past few years, the pharmaceutical industry is undergoing a rapid transformation. Innovation, particularly the development of new products, is a crucial element of the pharmaceutical industry. At present, the vast majority of pipeline products are currently in early-stage development and are yet to demonstrate both safety and efficacy, however, the complete size of the overall pipeline indicates a steady stream of incremental and breakthrough innovation. To offer a detailed analysis of the pharmaceutical pipeline, a study titled “Innovation and Clinical Trial Tracking Factbook 2017: An Assessment of the Pharmaceutical Pipeline” has been recently published to the vast repository of Market Research Hub (MRH). Additionally, a detailed contextual analysis of the key drivers of this pipeline is provided, with an assessment of companies existing in the pipeline and historical deal value and volume.
This study is a comprehensive, granular analysis of the 25,522 products currently in the pharmaceutical industry pipeline, especially from the discovery stage through to pre-registration and then divided into therapy areas and key indications. The research that that, the market is highly research-intensive, being deeply reliant on a high level of R&D investment and a strong product pipeline to maintain growth and ensure long-term revenue generation.
Pharmaceutical companies continue to strive to bring new safe and effective drugs to market that are even better. There are some additional drugs/therapies currently in the R&D pipeline that are also hoped to improve several disease conditions. Key therapy areas focused in the report by indication includes:
- Central Nervous System
- Infectious Diseases
The prime focus of this report is placed on analysis of the development of innovative drugs, specifically first-in-class innovation. Over recent years, in addition to a rise in the yearly number of new chemical entity approvals by the FDA, the number and proportion of these approvals that were first-in-class at the time of approval have also augmented. Without successful innovation, which can be broadly defined as the market launch of novel therapeutic molecules that cost-effectively treat or cure diseases, the industry would face a substantial long-term decline in revenue, finds the study.
Oncology, central nervous system (CNS) disorders and infectious diseases account for 68% of the global pharmaceutical industry pipeline. However, with the continued focus on genomic and immunology-based clinical trial research, the future for oncologic drugs will continue to become a bit brighter every day. First and foremost, cancer drugs are king, with oncology treatments dominating both current and projected drug pipelines. Other major growth areas include immune therapies, biologics, rare-disease drugs and neurological treatments.
With the above crucial data, the research study provides readers a highly accessible reference which is useful in any pharmaceutical strategic decision-making process. The buyers will also be able to understand the contemporary role and importance of radical and incremental innovation within the various disease areas.
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