LP-003 is under clinical development by Tianchen Biopharmaceutical (Suzhou) and currently in Phase II for Asthma. According to GlobalData, Phase II drugs for Asthma have a 27% phase transition success rate (PTSR) indication benchmark for progressing into Phase III. GlobalData’s report assesses how LP-003’s drug-specific PTSR and Likelihood of Approval (LoA) scores compare to the indication benchmarks. Buy the report here.
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GlobalData tracks drug-specific phase transition and likelihood of approval scores, in addition to indication benchmarks based off 18 years of historical drug development data. Attributes of the drug, company and its clinical trials play a fundamental role in drug-specific PTSR and likelihood of approval.
LP-003 overview
LP-003 is under development for the treatment of asthma, chronic spontaneous urticaria and seasonal allergic rhinitis. It is administered through subcutaneous and intravenous route.
Tianchen Biopharmaceutical (Suzhou) overview
Tianchen Biopharmaceutical (Suzhou) (Tianchen Biomedicine) is an innovative drug research and development company focused on developing biological macromolecules. Tianchen Biomedicine is headquartered in Shanghai, China.
For a complete picture of LP-003’s drug-specific PTSR and LoA scores, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Likelihood of Approval analytics tool dynamically assesses and predicts how likely a drug will move to the next stage in clinical development (PTSR), as well as how likely the drug will be approved (LoA). This is based on a combination of machine learning and a proprietary algorithm to process data points from various databases found on GlobalData’s Pharmaceutical Intelligence Center.
