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Targeted therapeutics is a cancer treatment in which drugs are used to precisely target cancer cells without affecting the normal cells of the body. It is often used in combination with other traditional therapies such as standard or traditional chemotherapy, radiation therapy, or staging surgeries. The primary objective of targeted therapeutics is to help treat cancer. This is done by intervening with particular protein types that help tumors to develop and circulate in the body+. Specific target therapy can be used to mark cancer cells so that the immune system can target and kill these cells easily. With this process, the rate of cancer developing in the body can be reduced significantly.
COVID-19 Impact Analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future owing to the demand for vaccines and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the global targeted therapeutics market.
Key players in the global therapeutics market are highly engaged in collaborative agreements & acquisitions and new product launches. These strategies will likely fuel the growth of the therapeutics market globally. Few expansion strategies that have been adopted by key players in the therapeutics market are as follows:
Key Benefits of the Report
Questions Answered in the Targeted Therapeutics Market Report
Targeted Therapeutics Market Report Highlights
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Key Market Players | Gilead Sciences, Inc., Serena Therapeutics Inc., Pfizer, Inc., AstraZeneca Plc., Aurinia Pharmaceuticals Inc., F. Hoffmann-La Roche & Co., Agenus, Inc., Amgen, Inc., Genentech, Inc., Celdara Medical, LLC, Arcus Biosciences, Inc., Nektar Therapeutics Inc. |
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