Published on : Jan 17, 2019
Albany, New York, January 17, 2019: Growing burden of blood cancer instances round the globe have augmented significant progress in apt therapeutics development for blood cancer. Leading drug makers are keen on offering differentiated drugs such as precision medicine to offset blood cancer induced fatality. Additionally, active government funding for advanced therapeutics and diagnostics besides adequate reimbursement policies to reduce treatment costs are likely to foster growth in blood cancer therapeutics market in the coming years.
However, scarce information and awareness about blood cancer and its therapeutics remain potential hindrances for growth. Lack of apt diagnostic infrastructure to enable timely diagnosis also remains a major challenge in blood cancer therapeutics market. These aforementioned insights have been extracted from Market Research Hub's (MRH) recent report offering titled, 'Blood Cancer Therapeutics: Global Markets to 2023' included in its burgeoning online repository.
Leading Drug Companies Join Resources to Catapult Novel Drug Discoveries
Leading pharmaceutical companies have entered into strategic coalitions to achieve desirable progress in novel drug discoveries. Several clinical trials are at various stages of development to achieve significant breakthroughs in combating blood cancer variants. Further, incessant initiatives to achieve FDA approvals for pipeline drugs coupled with their subsequent commercialization, continue to remain crucial amongst eminent drug developers in blood cancer therapeutics market.
Lupin and AbbVie Join Forces to Innovate Novel Blood Cancer Drug
In a recent development, drug titans Lupin and AbbVie entered into strategic collaboration to develop a first of its kind blood cancer drug. Lupin has bagged a hefty $30 million for providing AbbVie an exclusive license for the drug besides granting AbbVie with all rights to commercialize the product in India. This partnership will not only fetch lucrative avenues for aforementioned companies but also cater to unmet needs of blood cancer patients across India.
Blood Cancer Therapeutics Market: Research Scope
The report aims to offer new market entrants ample competitive advantage and cues on entry level barriers to subsequently influence lucrative investment discretion in blood cancer therapeutics market. The report is systematically segregated into elaborate chapters to offer lucid market highlights. Commencing with an elaborate overview, encompassing market definition and dynamics, the report offers decisive insights on macro and microeconomic factors that dictate growth in blood cancer therapeutics market. The report also identifies disease type as the sole segment prevalent in the market. Based on type, global blood cancer therapeutics market is classified into leukemia, lymphoma, and myeloma.
In its succeeding paragraphs the report also sheds substantial light on regional scope and geographical expanse based on which Europe, North America, Asia-Pacific, and rest of the world are accounted as core regional hubs.
Key Players: Blood Cancer Therapeutics Market
Elaborate research elements articulated in the report allow readers to gain veritable insights on industry forerunners. The report in its trailing sections enumerate leading market contributors in blood cancer therapeutics market, complete with their respective company overview, recent developments, winning strategies such as acquisitions and mergers, and new product discovery. Some of the eminent players accounted in the report include, AbbVie Inc., Novartis AG, Pfizer Inc., Bristol-Myers Squibb Co, and GlaxoSmithKline plc amongst others.
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