APD-209 to record Fastest Growth in the Viral Conjunctivitis Pipeline Drugs Market during the Foreca
Transparency Market Research Report Added "Viral Conjunctivitis Pipeline Drugs Market: Industry Analysis, Pipeline Review, Patent Analysis, and Forecast 2020 - 2023"
Transparency Market Research has published a new market report titled, “Viral Conjunctivitis Pipeline Drugs Market - Industry Analysis, Pipeline Review, Patent Analysis, and Forecast 2020 - 2023”. According to the report, the viral conjunctivitis pipeline drugs market is projected to reach US$ 0.5 Bn in 2023 at a CAGR of 69.6% from 2020 to 2023.
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FST-100 is developed by New York-based Foresight Biotherapeutics, Inc. However, Shire plc acquired Foresight Biotherapeutics in July 2015. The company completed phase II clinical trial in May 2014 and Shire is expected to commence phase III clinical trial in 2016. It is a combination suspension of povidone-iodine and dexamethasone that targets microbial eradication along with anti-inflammatory action. If the drug is launched in 2020, it will have the first launch advantage in the market, as not a single drug is available in the market to treat viral conjunctivitis. However, presence of steroids in the formulation can lower the immunity of a patient and promote viral shedding, which can prolong symptoms. Hence, application of the drug for viral conjunctivitis is likely to be limited during the forecast period.
Other major drugs in pre-clinical and clinical trials are Zirgan (Bausch + Lomb, Inc. / Lifelong Vision Foundation), EKC-Cide (NanoViricides, Inc.), and PP-001 (Panoptes Pharma) to treat viral conjunctivitis.
Low diagnosis rate is a major restraint of the viral conjunctivitis pipeline drugs market. Most cases of conjunctivitis are diagnosed based on history and clinical examination. Hence, less than 50% of the cases are correctly diagnosed with the condition. However, AdenoPlus is a point of care test developed and manufactured by Rapid Pathogen Screening, Inc. (RPS). Sensitivity of this test is low; however, it is preferred in complicated cases. Hence, companies are recommended to tie up with diagnostic companies to develop and commercialize quick and accurate tests to diagnose various types of conjunctivitis.
The number of players operating in the viral conjunctivitis pipeline drugs market are limited, while demand for the therapy is high. Major players operating in the viral conjunctivitis pipeline drugs market are Adenovir Pharma AB, Allergan plc, NanoViricides, Inc., Shire plc, NovaBay Pharmaceuticals, Inc., Novartis AG, Panoptes Pharma GES.M.B.H., and NicOx S.A.
Full Research Report on Global Viral Conjunctivitis Pipeline Drugs Market:
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