LR-20062 is under clinical development by LG Chem and currently in Phase I for Poliomyelitis. According to GlobalData, Phase I drugs for Poliomyelitis have a 95% phase transition success rate (PTSR) indication benchmark for progressing into Phase II. GlobalData’s report assesses how LR-20062’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.

LR-20062 overview

LR-20062 is under development for the prevention of pertussis (whooping cough), diphtheria, tetanus, poliomyelitis, Haemophilus influenza type b, hepatitis B infections and meningitis.

LG Chem overview

LG Chem is a chemical manufacturer. The company manufactures and markets products related to petrochemicals, advanced materials, and life science. Its product portfolio includes acrylonitrile butadiene styrene, acrylonitrile styrene acrylate, acrylate, alcohol, bisphenol, butadiene rubber, die attach film, display stripper double-sided tape, OLED materials, battery materials, among others. It also offers life science products related to arthritis, diabetes, growth hormone, circulatory system, fertility, anemia, hyperkalemia, and crop protection agents, among others. LG Chem’s products find applications in automobiles, home appliances, packaging, agriculture, textiles, and industrial products, among others. The company has operations in China, India, Germany, the US, Vietnam, Brazil, Taiwan, Hong Kong and Poland, among others. LG Chem is headquartered in Seoul, South Korea.

For a complete picture of LR-20062’s drug-specific PTSR and LoA scores, buy the report here.

This content was updated on 10 June 2024

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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.