The myasthenia gravis (MG) market across the seven major markets (7MM: France, Germany, Italy, Japan, Spain, the UK and the US) is poised to grow at a compound annual growth rate of 5.3% from $6.1 billion in 2024 to $10.3 billion in 2034, according to GlobalData’s recently published report, Myasthenia Gravis – Opportunity Assessment and Forecast.

This growth will be driven by an increase in diagnosed prevalent cases and by the introduction of seven late-stage pipeline products: CRD-1, Descartes-08, Imaavy, gefurulimab (nipocalimab), inebilizumab, pozelimab + cemdisiran combination therapy, and telitacicept.

MG treatment regimens are determined through classification of a patient’s clinical status and autoantibody status. On clinical presentation, ocular MG patients show symptoms limited to eye muscles, and generalised MG patients show symptoms involving broader muscle groups. Patients can also be grouped by the presence or absence of the anti-AChR and anti-MuSK, or anti-LRP4 autoantibodies, which are often found in the serum of MG patients. There is also a seronegative MG population with no detectable antibodies, potentially involving unknown antibodies or different mechanisms.

No curative therapies yet exist

Four main categories of treatment are currently used in MG: corticosteroids, immunosuppressants, acetylcholinesterase inhibitors and monoclonal antibodies. The choice of treatment is dependent on a patient’s disease stage, progression and refractory status. Despite differences in the clinical presentation of MG, the goal of current pharmacotherapy is to reduce the impact of the disease on quality of life, with first-line treatments slowing disease progression and disease-modifying therapies (DMTs) aiming to halt progression. There are currently no curative therapies for MG.

To begin with, most patients will be prescribed either corticosteroids or acetylcholinesterase inhibitors, with the corticosteroid prednisone and the acetylcholinesterase inhibitor pyridostigmine being the treatments most prescribed. Immunosuppressants such as azathioprine and cyclosporine are also used due to their steroid-sparing effect, as long-term use of steroids is associated with severe side effects. Treatment with steroids, acetylcholinesterase inhibitors and immunosuppressants is sufficient for patients with non-refractory MG.

The management of refractory MG involves more aggressive and targeted therapies than non-refractory cases, reflecting the need for advanced interventions when standard treatments fail. Treatments for refractory MG may involve the use of DMTs such as monoclonal antibodies (mAbs). Six DMTs currently available are officially approved for the treatment of MG: three complement 5 inhibitors and three FcRn receptor inhibitors. While these agents show high efficacy and only mild to moderate side effects, their price range makes the treatment inaccessible to most MG patients and although they are highly effective, they are very specific, so they have limited efficacy in patients with differing antibody statuses.

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Treatment landscape to become highly competitive

For example, AChR-positive patients are usually prescribed FcRn inhibitors such as Argenx SE’s Vyvgart (efgartigimod alfa) or complement 5 inhibitors such as Alexion Pharmaceuticals’ Soliris (eculizumab), as both classes have limited efficacy in MuSK patients. Of the seven late-stage pipeline agents, six of them — CRD-1, Descartes-08, Imaavy, inebilizumab, pozelimab + cemdisiran combination therapy and telitacicept – are anticipated to be used across patients with multiple antibody statuses. This signals a shift in the treatment paradigm towards more targeted therapies.

As a result, the treatment landscape for DMTs is expected to become highly competitive. Despite this, there is still a significant unmet need for effective treatments targeting the seronegative MG population. One treatment in the late-stage pipeline, the pozelimab + cemdisiran combination therapy, is anticipated to be used in the seronegative MG population, and this is expected to gain significant market share.

GlobalData forecasts that the late-stage pipeline products could drive combined sales of approximately $2.96 billion by 2034 in the 7MM. GlobalData also anticipates that the most promising pipeline product will be the combination therapy of Regeneron Pharmaceuticals’ pozelimab and Alnylam Pharmaceuticals’ cemdisiran, which is indicated for the treatment of AChR antibody+ generalised and seronegative/LRP4 antibody+ generalised MG. It has the potential to see strong uptake due to its position as a DMT for seronegative MG – a patient segment with limited effective treatments.

While the overall MG market is expected to experience growth until 2034, continued generic erosion and the entry of biosimilars will be important barriers to growth. Generic erosion and the entry of biosimilars are expected to be particularly significant in the US MG market. DMTs that will be affected by patent expiries and subsequent sales erosion by biosimilar products include Argenx SE’s Vyvgart (efgartigimod alfa) and Vyvgart Hytrulo (efgartigimod alfa + hyaluronidase [human recombinant]), Alexion Pharmaceuticals’ Soliris (eculizumab) and Ultomiris (ravulizumab LA), and UCB Pharma Ltd.’s Zilbrysq (zilucoplan). All of these are high-grossing DMTs that generated an estimated combined $5bn in sales across the 7MM in 2024.

Although the impending entry of numerous biosimilar products will act as a major barrier to growth, late-stage pipeline products have the potential to generate significant growth in the MG market. This, coupled with the increase in diagnosed prevalent cases, will act as the main drivers of growth across the 7MM.