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December 4, 2017

Forecast: top 10 best-selling drugs in oncology in 2023

The checkpoint inhibitor race has begun, with a brand new class of cancer drugs achieving unprecedented results in efficacy.

By GlobalData Healthcare

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What is the Global Healthcare and Pharma Market Q2 Outlook?

Given the background of high inflation, re-emerging supply chain issues, and the widespread macro-economic implications of the Ukraine conflict, the global pharmaceutical industry is facing an entirely new set of challenges following the turbulence of the COVID-19 pandemic. GlobalData’s World Markets Healthcare (WMH) service has released its latest Q2 forecast. This report incorporates the latest thinking on the opportunities and risks this new environment presents for pharma companies. However, the pharma sector is proving resilient, and we are projecting 4.4% global growth for the year ahead. Yet it remains that the current economic picture is inverting some baseline assumptions from previous quarterly forecasts and altering which markets we expect the key growth levers to derive from. Download our latest executive summary for a snapshot view of what our clients use to formulate winning strategies.
by GlobalData
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Source: GlobalData Pharma Intelligence Centre, Drugs Database [accessed 16 November 2017]

It is no surprise that the three best-selling oncology drugs are immuno-modulating agents. The checkpoint inhibitor race has begun, with a brand new class of cancer drugs achieving unprecedented results in efficacy. Successful companies are employing strategies similar to other mega-blockbuster drugs such as Avastin and Herceptin.

Celgene’s Revlimid, already a cancer blockbuster drug, is currently demonstrating its effectiveness in 18 cancer trials and is already marketed for eight indications. Merck’s Keytruda and Bristol-Myers Squibb’s Opdivo are trailing in the second and third positions, respectively; these PD1 inhibitors have created new opportunities for developers to explore a range of potential label expansions with unprecedented data.

Immuno-oncology drugs have paved the way for pharma and biotech companies to be creative in their trials and explore the use of immune-modulators in combination with chemotherapy/targeted therapy agents or as backbone therapies for immuno-oncology candidates. The benefits of market access for checkpoint inhibitors are plentiful; and developers have the upper-hand in a bottom-up approach to markets and gaining first-to-market and first-in-class approvals.

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Free Report
img

What is the Global Healthcare and Pharma Market Q2 Outlook?

Given the background of high inflation, re-emerging supply chain issues, and the widespread macro-economic implications of the Ukraine conflict, the global pharmaceutical industry is facing an entirely new set of challenges following the turbulence of the COVID-19 pandemic. GlobalData’s World Markets Healthcare (WMH) service has released its latest Q2 forecast. This report incorporates the latest thinking on the opportunities and risks this new environment presents for pharma companies. However, the pharma sector is proving resilient, and we are projecting 4.4% global growth for the year ahead. Yet it remains that the current economic picture is inverting some baseline assumptions from previous quarterly forecasts and altering which markets we expect the key growth levers to derive from. Download our latest executive summary for a snapshot view of what our clients use to formulate winning strategies.
by GlobalData
Enter your details here to receive your free Report.

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