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U.S. Monoclonal Antibody Cancer Therapeutics MarketPublished by: Frost & Sullivan Published: Feb. 1, 2001 Table of Contents
AbstractNew Cancer Therapeutics Show Multi-Billion-Dollar PotentialPharmaceutical and biotechnology companies are investing billions of dollars into research and development, trying to capture a share of the unlimited opportunities offered by the cancer therapeutics market. Monoclonal antibody (MAB)cancer therapeutics are considered to be one of the most promising cancer therapies in development. Financial experts already regard this emerging market as an industry with multi-billion-dollar potential. Exciting research from Frost &Sullivan evaluates the current state of the U.S. monoclonal antibody cancer therapeutic markets and its three major segments: antibodies for solid tumors, anti-angiogenesis, and leukemias and lymphomas. Frost &Sullivan anticipates up to five new products entering the market within the next several years, propelling the U.S. monoclonal antibody cancer therapeutic market to new heights. Partnerships Spark Increased Profit Margins The average cost of developing a drug is $500 million. Since most of the companies competing in the U.S. monoclonal antibody cancer therapeutics market are small biotechnology, biopharmaceutical or pharmaceutical companies, they lack the monetary resources to bring their drugs to market. Partnerships with larger pharmaceutical houses are imperative to acquire the necessary sales and marketing support. "Smaller market participants will need to manage the rising operating expenses through the establishment of partnerships with larger pharmaceutical companies," states the author of this research. "However, these companies are challenged to obtain sufficient clinical trial results before engaging in partnership agreements, in order to retain a significant direct share of future product revenues." Clinical Results Must Support Companies 'Claims of Better Efficacy Current cancer treatments, including surgery, chemotherapy, hormonal and radiation therapy are effective but using them in conjunction with MAB therapeutics may improve patients 'quality of life with fewer side effects. With more than 350 different cancer products in development, manufacturers of MAB therapeutics must prove, through extensive clinical research, that using these products increases the chances of survival in battling cancer. "MAB are highly specific and thus have fewer side effects and can be developed quicker," states the author of this report. "The extent of market acceptance of MAB therapies depends on manufacturers 'ability to demonstrate efficacy, safety, dosing, or scheduling advantages over these other products in development." This Frost &Sullivan research concentrates on the present and future MAB therapies for cancer treatment. By providing market participants with the lat- est information, this report can help your company fully evaluate the market 's potential and make informed market decisions. |
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