You're using a free limited version of DrugPatentWatch: Upgrade for Complete Access

Last Updated: December 24, 2024

NAGLAZYME Drug Profile


✉ Email this page to a colleague

« Back to Dashboard


Summary for Tradename: NAGLAZYME
High Confidence Patents:0
Applicants:1
BLAs:1
Recent Clinical Trials: See clinical trials for NAGLAZYME
Recent Clinical Trials for NAGLAZYME

Identify potential brand extensions & biosimilar entrants

SponsorPhase
Masonic Cancer Center, University of MinnesotaN/A
BioMarin PharmaceuticalN/A
BioMarin PharmaceuticalPhase 4

See all NAGLAZYME clinical trials

Pharmacology for NAGLAZYME
Established Pharmacologic ClassHydrolytic Lysosomal Glycosaminoglycan-specific Enzyme
Chemical Structurealpha-Glucosidases
Note on Biologic Patents

Matching patents to biologic drugs is far more complicated than for small-molecule drugs.

DrugPatentWatch employs three methods to identify biologic patents:

  1. Brand-side disclosures in response to biosimilar applications
  2. These patents were identified from disclosures by the brand-side company, in response to a potential biosimilar seeking to launch. They have a high certainty of blocking biosimilar entry. The expiration dates listed are not estimates — they're expiration dates as indicated by the brand-side company.

  3. General brand-side disclosures
  4. These patents were identified from searching drug labels and other general disclosures from the brand-side company. This list may exclude some of the patents which block biosimilar launch, and some of these patents listed may not actually block biosimilar launch. The expiration dates listed for these patents are estimates, based on the grant date of the patent.

  5. Patents from broad patent text search
  6. For completeness, these patents were identified by searching the patent literature for mentions of the branded or ingredient name of the drug. Some of these patents protect the original drug, whereas others may protect follow-on inventions or even inventions casually mentioning the drug. The expiration dates listed for these patents are estimates, based on the grant date of the patent.

1) High Certainty: US Patents for NAGLAZYME Derived from Brand-Side Litigation

No patents found based on brand-side litigation

2) High Certainty: US Patents for NAGLAZYME Derived from Company Disclosures

No patents found based on company disclosures

3) Low Certainty: US Patents for NAGLAZYME Derived from Patent Text Search

These patents were obtained by searching patent claims

NAGLAZYME Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory for the Biologic Drug: NAGLAZYME

Introduction

NAGLAZYME, also known as galsulfase, is an enzyme replacement therapy developed by BioMarin Pharmaceutical Inc. for the treatment of mucopolysaccharidosis VI (MPS VI), a rare genetic disorder. Here, we will delve into the market dynamics and financial trajectory of NAGLAZYME, highlighting its performance, growth factors, and challenges.

Market Overview of MPS VI Treatment

The global mucopolysaccharidosis treatment market, which includes NAGLAZYME, has been growing steadily. In 2018, the market size was approximately USD 1.98 billion and is projected to reach USD 7.96 billion by 2032, with a CAGR of 10.4%[4].

Product Performance and Revenue

Historical Revenue

NAGLAZYME has consistently shown strong revenue growth since its introduction. For the year ended December 31, 2009, NAGLAZYME generated net product revenues of $168.7 million, a 27.1% increase from the previous year[2].

Recent Trends

In the first quarter of 2021, NAGLAZYME net product revenues were $107.3 million, a 6% decrease compared to the same period in 2020. However, this decrease was largely due to the timing of orders, particularly in countries that place large government orders, such as those in Latin America[1].

For the second quarter of 2023, NAGLAZYME product revenues were lower, primarily driven by the timing of orders in countries that place large government orders, especially in Latin America. Despite this, the overall enzyme product revenues for BioMarin, which include NAGLAZYME, showed an 11% increase year-over-year for the same period[3].

Full-Year Projections

For 2023, BioMarin projected NAGLAZYME net product revenues to be in the range of $365 million to $395 million, indicating a stable and growing market presence[1].

Patient Compliance and Growth

NAGLAZYME has maintained robust patient compliance, with the number of patients on commercial therapy increasing approximately 10% year-over-year as of the first quarter of 2021. This growth is a testament to the strong underlying demand for the treatment[1].

Competitive Landscape

The MPS treatment market is dominated by a few key players, including BioMarin and Shire (now part of Takeda Pharmaceutical Company Limited). NAGLAZYME competes with other enzyme replacement therapies such as ALDURAZYME and VIMIZIM, also developed by BioMarin[4].

Factors Influencing Growth

Diagnostic Sophistication

The increasing diagnostic sophistication and higher awareness among the patient population towards advanced treatment options have contributed to the growth of NAGLAZYME. Early diagnosis and treatment initiation are crucial for managing MPS VI, driving demand for effective therapies like NAGLAZYME[4].

Reimbursement Policies

Adequate reimbursement policies in regions like North America and Europe have supported the adoption of NAGLAZYME. These policies ensure that patients have access to the treatment, which is a significant factor in its financial performance[4].

Clinical Trials and R&D

Continuous research and development, including significant clinical trials, have helped in improving the efficacy and safety profile of NAGLAZYME. This ongoing R&D activity is essential for maintaining market competitiveness and addressing unmet clinical needs[4].

Challenges

Generic Competition

While NAGLAZYME has not faced direct generic competition, the broader impact of generic entries in the biologic market can affect pricing and market dynamics. For instance, the loss of market exclusivity for other BioMarin products like Kuvan has led to significant revenue declines due to generic competition[1].

Economic Factors

Fluctuations in foreign currency exchange rates and changes in government ordering patterns can impact revenue. For example, the decrease in NAGLAZYME revenues in certain quarters has been attributed to the timing of large government orders[1][3].

Financial Performance

Revenue Contribution

NAGLAZYME is a significant contributor to BioMarin's total enzyme product revenues. For the full year 2023, total enzyme product revenues, which include NAGLAZYME, were $1,718.3 million, a 4% increase from the previous year[5].

Net Income and Expenses

The financial performance of BioMarin, and by extension NAGLAZYME, is influenced by various factors including gross profits, research and development expenses, and selling, general, and administrative expenses. For the fourth quarter of 2023, BioMarin reported a GAAP net income of $20.4 million, with non-GAAP income of $94.9 million, reflecting the company's overall financial health[5].

Future Outlook

Global Expansion

BioMarin plans to continue expanding its global market presence, which includes increasing access to NAGLAZYME in various regions. The company's focus on maximizing the opportunity for other products like VOXZOGO and ROCTAVIAN also indicates a broader strategy to enhance its portfolio and market reach[3].

Operational Excellence

The company's emphasis on operational excellence and cost optimization is expected to drive growth and profitability. This includes judiciously prioritizing R&D candidates and optimizing operational costs, which will indirectly benefit NAGLAZYME by ensuring a stable and efficient business environment[5].

Key Takeaways

  • Strong Patient Compliance: NAGLAZYME has maintained robust patient compliance, with a year-over-year increase in the number of patients on therapy.
  • Revenue Growth: Despite fluctuations, NAGLAZYME has shown consistent revenue growth, contributing significantly to BioMarin's total enzyme product revenues.
  • Market Dynamics: The MPS treatment market is growing, driven by diagnostic sophistication, reimbursement policies, and ongoing R&D.
  • Challenges: Economic factors such as foreign currency fluctuations and government ordering patterns can impact revenue.
  • Future Outlook: BioMarin's focus on global expansion, operational excellence, and R&D prioritization is expected to support the continued growth of NAGLAZYME.

FAQs

What is NAGLAZYME used for?

NAGLAZYME (galsulfase) is an enzyme replacement therapy used for the treatment of mucopolysaccharidosis VI (MPS VI), a rare genetic disorder.

How has NAGLAZYME performed in recent years?

NAGLAZYME has shown strong revenue growth, although there have been fluctuations due to factors like the timing of government orders and foreign currency exchange rates.

What are the key factors driving the growth of NAGLAZYME?

Key factors include increasing diagnostic sophistication, adequate reimbursement policies, and ongoing research and development activities.

How does NAGLAZYME fit into BioMarin's overall financial performance?

NAGLAZYME is a significant contributor to BioMarin's total enzyme product revenues, which have shown steady growth in recent years.

What are the challenges faced by NAGLAZYME in the market?

Challenges include economic factors like foreign currency fluctuations and changes in government ordering patterns, as well as the broader impact of generic competition in the biologic market.

Sources

  1. BioMarin Announces First Quarter 2021 Financial Results and Corporate Updates - BioMarin Pharmaceutical Inc.
  2. BioMarin Announces Fourth Quarter and Full Year 2009 Financial Results - BioMarin Pharmaceutical Inc.
  3. BioMarin Announces Strong Second Quarter 2023 Results and Record-Breaking Revenues for the First Half of 2023 - BioMarin Pharmaceutical Inc.
  4. Mucopolysaccharidosis Treatment Market Size, Share & Growth, 2032 - Fortune Business Insights
  5. BioMarin Reports Record Financial Results for the Fourth Quarter and Full-year 2023 and Provides Financial Guidance for 2024 - BioMarin Pharmaceutical Inc.

More… ↓

⤷  Subscribe

Make Better Decisions: Try a trial or see plans & pricing

Drugs may be covered by multiple patents or regulatory protections. All trademarks and applicant names are the property of their respective owners or licensors. Although great care is taken in the proper and correct provision of this service, thinkBiotech LLC does not accept any responsibility for possible consequences of errors or omissions in the provided data. The data presented herein is for information purposes only. There is no warranty that the data contained herein is error free. thinkBiotech performs no independent verification of facts as provided by public sources nor are attempts made to provide legal or investing advice. Any reliance on data provided herein is done solely at the discretion of the user. Users of this service are advised to seek professional advice and independent confirmation before considering acting on any of the provided information. thinkBiotech LLC reserves the right to amend, extend or withdraw any part or all of the offered service without notice.