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Last Updated: December 22, 2024

Drugs Containing Excipient (Inactive Ingredient) FERRIC OXIDE


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Branded drugs containing FERRIC OXIDE excipient, and estimated key patent expiration / generic entry dates

Generic drugs containing FERRIC OXIDE excipient

FERRIC OXIDE Market Analysis and Financial Projection Experimental

Pharmaceutical Excipients: The Market Dynamics and Financial Trajectory of Ferric Oxide

Introduction to Pharmaceutical Excipients

Pharmaceutical excipients are inert substances that are added to a drug to facilitate its manufacture, enhance its stability, or improve its bioavailability. Among these, ferric oxide, particularly ferric oxide red, plays a significant role in the pharmaceutical industry.

What is Ferric Oxide Red?

Ferric oxide red, also known as iron(III) oxide, is a coloring agent widely used in the pharmaceutical industry for tablets and capsules. It is FDA-regulated and can be derived from natural sources like hematite ore or synthesized for pharmaceutical use[2].

Market Growth Outlook

The global pharmaceutical excipients market, which includes ferric oxide red, is projected to grow significantly. Here are some key points:

  • The market is expected to grow from USD 10.0 billion in 2023 to USD 13.9 billion by 2028, driven by a CAGR of 6.8%[3].
  • This growth is largely driven by the increasing demand for generic drugs and pharmaceutical products, as well as growing investments in R&D for novel excipients[3].

Demand Drivers for Ferric Oxide Red

Increasing Demand for Generic Drugs

The surge in generic drug approvals due to the patent cliff has boosted the demand for affordable and high-quality excipients. Generic drug manufacturers seek to reduce costs, and ferric oxide red, being a cost-effective coloring agent, is in high demand[3].

Growing Emphasis on Patient-Centric Formulations

There is a growing emphasis on patient-centric formulations, which often require specific excipients to enhance the drug's appearance, stability, and bioavailability. Ferric oxide red, with its versatile coloring properties, is a preferred choice in these formulations[3].

Key Players and Investments

Several key players are investing heavily in the production and distribution of pharmaceutical excipients, including ferric oxide red:

  • Asahi Kasei has invested in a new ¥13 billion (US$ 98 million) pharma excipient manufacturing plant in Japan, which includes the production of other excipients but highlights the overall investment trend in the sector[1].
  • Roquette acquired Crest Cellulose, an Indian manufacturer of excipients like MCC and magnesium stearate, to meet the increasing global demand for high-quality plant-based excipients[1].

Business Development Opportunities

For manufacturers of ferric oxide red, there are several business development opportunities:

  • Identifying Potential Buyers: Access to detailed lists of drugs containing ferric oxide red, along with company names and National Drug Codes (NDCs), can facilitate seamless communication and collaboration with potential buyers[4].
  • Anticipating Demand Changes: Understanding the patent landscape and loss of exclusivity dates for drugs containing ferric oxide red helps in anticipating changes in demand and planning accordingly[4].
  • Offering Alternatives: Companies can capitalize on the opportunity to introduce superior alternatives to ferric oxide red, targeting companies that are yet to incorporate this excipient into their formulations[4].

Pharmaceutical Applications of Ferric Oxide Red

Ferric oxide red is used in a variety of pharmaceutical products due to its coloring properties:

  • Coloring Agent: It is used to color tablets and capsules, enhancing their appearance and making them more distinguishable[2].
  • Examples of Medications: Ferric oxide red is found in medications such as Amphetamine and Dextroamphetamine Extended Release, Clopidogrel Bisulfate, Cyclobenzaprine Hydrochloride, and many others[2].

Regulatory Considerations

The use of ferric oxide red in pharmaceuticals is subject to regulatory oversight:

  • FDA Regulation: The FDA has strict regulations for color additives used in drugs, ensuring that ferric oxide red meets safety and efficacy standards[2].

Challenges and Barriers

Despite the growth opportunities, there are challenges that the pharmaceutical excipients market, including ferric oxide red, faces:

  • High Investments and Development Costs: The development of new excipients and the maintenance of high-quality standards require significant investments, which can be a barrier to market growth[3].
  • Regulatory Stringency: Increasing regulatory requirements can pose challenges for manufacturers, necessitating continuous compliance and innovation[3].

Future Prospects

The future of ferric oxide red in the pharmaceutical industry looks promising:

  • Innovative Applications: Beyond its traditional use as a coloring agent, research into iron-oxide magnetic nanoparticles (IOMNPs) shows potential for target drug delivery and other advanced pharmaceutical applications[5].
  • Market Expansion: The growing demand for generic drugs and patient-centric formulations is expected to continue driving the market for ferric oxide red and other pharmaceutical excipients[3].

Key Takeaways

  • The global pharmaceutical excipients market, including ferric oxide red, is expected to grow significantly by 2028.
  • Increasing demand for generic drugs and patient-centric formulations are key drivers.
  • Investments by major players and strategic acquisitions are enhancing production capacities.
  • Regulatory compliance and high development costs are significant challenges.
  • Innovative applications, such as IOMNPs, offer future growth opportunities.

FAQs

What is ferric oxide red used for in the pharmaceutical industry?

Ferric oxide red is used as a coloring agent for tablets and capsules in the pharmaceutical industry[2].

Which companies are investing in the production of pharmaceutical excipients?

Companies like Asahi Kasei, Roquette, and Nitika Pharmaceutical are investing in new manufacturing plants and acquisitions to meet the growing demand for pharmaceutical excipients[1].

How does the demand for generic drugs impact the market for ferric oxide red?

The increasing demand for generic drugs boosts the demand for affordable and high-quality excipients like ferric oxide red, as generic drug manufacturers seek to reduce costs[3].

What are the regulatory considerations for using ferric oxide red in pharmaceuticals?

The use of ferric oxide red is subject to FDA regulations for color additives used in drugs, ensuring safety and efficacy standards are met[2].

What are the future prospects for ferric oxide red in pharmaceutical applications?

Beyond its traditional use, ferric oxide red and related iron-oxide nanoparticles show potential for advanced applications such as target drug delivery and diagnostic applications[5].

Sources

  1. Pharmacompass - Excipient Market Overview: Biologics spur growth in lipid-based agents as Asahi Kasei opens new plant.
  2. Drugs.com - Ferric Oxide Red: What is it and where is it used?
  3. MarketsandMarkets - Pharmaceutical Excipients Market Growth, Drivers, and Opportunities.
  4. DrugPatentWatch - FERRIC OXIDE RED Drug Excipient Business Development Opportunity Report, 2024.
  5. MDPI - Pharmaceutical Applications of Iron-Oxide Magnetic Nanoparticles.

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