Oncology Drugs Market 2019 | Industry Insight By Key Players Roche, Johnson and Johnson, Pfizer, Inc., Novartis’s, Sanofi

Oncology drugs and medications have become a blooming business for players in the pharmaceutical industry. Major pharmaceutical companies are focused on manufacturing and development of oncology drug. Market players have oncology drugs in pipeline, which are expected to be in the market as potential medications in near future. Also, the global oncology market is expected to gain a significant traction with the increasing prevalence of cancer. According to the National Cancer Institute, cancer is among the leading causes of death worldwide, which accounted for around 14 million new cases and 8.2 million cancer-related deaths in 2012. The number of new cancer cases is projected to rise to 22 million in near future. The major competitors are focused on developing efficient treatment for specific type of cancer which is expected to be a prominent factor to augment the global oncology drugs market.

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Top 5 company described for competitive analysis in detail:

1. Roche is a world leader in oncology, which is engaged in developing new approaches for advanced cancer treatment. Roche operates in two segments, which includes pharmaceuticals and diagnostics with annual sales of US$ 39.1 Bn and US$ 11.5 Bn respectively. Roche is at the forefront of cancer immunotherapy with ten investigational drug candidates currently in the clinical development phase. In 2016, the company entered into 10 new clinical collaboration agreements to explore drug combinations for maximizing therapeutic benefits and develop the lead immunotherapy drug. The company has set up imCORE, a network of 21 academic institutions working with Roche to advance research into cancer immunotherapies, thus contributing to enhance the global oncology drugs market in the near future.

2. Johnson and Johnson operates in three business segments namely consumer, pharmaceutical and medical devices. The business of Johnson & Johnson is conducted by more than 230 operating companies located in 60 countries worldwide. In 2016, the company has invested around US$ 9.1 Bn in research and development activities. Janssen, the pharmaceutical division of J&J registered the oncology drug sales of around US$ 5.9 Bn among the total pharmaceutical therapeutic area sales. Janssen is focused on strategic collaborations for the development of cancer therapeutics, which in turn favors the oncology drugs market. For instance, in November, 2017, Janssen collaborated with Zymeworks, Inc. to develop six bispecific antibodies based on Azymetric and Effector Function Enhancement and Control Technology (EFECT) platforms for research, development, and commercialization with a potential to generate US$ 1.5 Bn. High sales of IMBRUVICA (ibrutinib) and DARZALEX (daratumumab) were due to increasing patient uptake, additional country launches, and additional indications, which contributed to the growth of oncology drugs.

3. Pfizer, Inc. develops oncology therapies that provide maximum efficacy while minimizing adverse effects on the patient. The current portfolio of oncology drugs covers a range of cancers. The company studies these therapies alone and in combination with other treatments to improve the lives of cancer patients. Pfizer’s overall strategy is anchored on innovation for developing new medicines and vaccines through collaborations and business relationships which is expected to bolster the oncology drugs market. For instance, Pfizer partnered with Merck KGaA for building a strong portfolio in immuno-oncology, Biolnvent International AB to develop antibodies to advance the novel technology platform of cancer vaccine as well as business relationship with IBM Watson for drug discovery by identifying potential new targets and combination therapies in immune-oncology.

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The major strategic collaborations included in the competitive analysis include:

Sanofi and Regeneron collaborated to develop REGN2810, with an overall expenditure of US$ 325 million each towards developing the therapy currently in the Phase I

Bristol-Myers Squibb (BMS) and CytomX Therapeutics collaborated to develop four target cancer therapies using CytomX’s Probody drug discovery platform. The collaboration would provide CytomX with a net US$ 1.2 Bn.

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