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Last Updated: December 22, 2024

OPHTHETIC Drug Patent Profile


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When do Ophthetic patents expire, and when can generic versions of Ophthetic launch?

Ophthetic is a drug marketed by Allergan and is included in one NDA.

The generic ingredient in OPHTHETIC is proparacaine hydrochloride. There is one drug master file entry for this compound. Six suppliers are listed for this compound. Additional details are available on the proparacaine hydrochloride profile page.

DrugPatentWatch® Litigation and Generic Entry Outlook for Ophthetic

A generic version of OPHTHETIC was approved as proparacaine hydrochloride by BAUSCH AND LOMB on September 29th, 1995.

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Summary for OPHTHETIC
US Patents:0
Applicants:1
NDAs:1
Raw Ingredient (Bulk) Api Vendors: 47
Patent Applications: 4,040
DailyMed Link:OPHTHETIC at DailyMed
Drug patent expirations by year for OPHTHETIC

US Patents and Regulatory Information for OPHTHETIC

Applicant Tradename Generic Name Dosage NDA Approval Date TE Type RLD RS Patent No. Patent Expiration Product Substance Delist Req. Exclusivity Expiration
Allergan OPHTHETIC proparacaine hydrochloride SOLUTION/DROPS;OPHTHALMIC 012583-001 Approved Prior to Jan 1, 1982 DISCN Yes No ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
>Applicant >Tradename >Generic Name >Dosage >NDA >Approval Date >TE >Type >RLD >RS >Patent No. >Patent Expiration >Product >Substance >Delist Req. >Exclusivity Expiration

OPHTHETIC Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory of the Ophthalmic Drugs Market

The ophthalmic drugs market is poised for significant growth, driven by several key factors that are shaping its dynamics and financial trajectory.

Global Market Size and Growth

The global ophthalmic drugs market was valued at approximately USD 37.8 billion in 2023 and is projected to reach USD 82.2 billion by 2033, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period from 2024 to 2033[3][4].

Regional Dominance

North America holds a dominant share of the ophthalmic drugs market, accounting for around 45.4% of the global market in 2023. This dominance is attributed to the excellent healthcare infrastructure, high consumer awareness, and the presence of many market players in the region[1][3].

Disease Prevalence and Market Segmentation

Retinal disorders account for a significant portion of disease-related concerns in ophthalmology, representing about 34% of the market. Anti-VEGF agents are the leading drug class, holding a 32% share in pharmaceutical treatments. Eye drops are the preferred dosage form, constituting a 35% share, and topical administration is the dominant method, with a 65% share[3].

Market Drivers

Several factors are driving the growth of the ophthalmic drugs market:

Aging Population

The expanding aging population is a significant driver, as older individuals are more prone to chronic eye diseases such as age-related macular degeneration (AMD) and glaucoma[3][4].

Increasing Prevalence of Chronic Eye Diseases

The rising prevalence of chronic eye diseases, including myopia, dry eye syndrome, and retinal disorders, is increasing the demand for effective ophthalmic treatments[3][4].

Biopharmaceutical Innovations

Advancements in biopharmaceuticals, including the development of biologics and gene therapies, are enhancing treatment efficacy and patient compliance. For instance, Ocular Therapeutix is advancing its pipeline with treatments like OTX-TKI for wet AMD, expected to initiate pivotal trials in the U.S.[2].

Regulatory Support

Regulatory support for rare diseases and personalized medicine approaches is also contributing to market growth[4].

Financial Performance of Key Players

Ocular Therapeutix

Ocular Therapeutix reported significant financial milestones, including $15.0 million in DEXTENZA net product revenues for Q2 2023, representing a 24% growth over Q2 2022. The company secured a new $82.5 million credit facility, extending its cash runway into 2025. This financial stability is crucial for funding its developing pipeline, including the OTX-TKI trials for wet AMD[2].

Oculis

Oculis reported an increase in revenues, with cash, cash equivalents, and short-term investments of $131.2 million as of June 30, 2024, providing a cash runway into the second half of 2026. The company's clinical trial expenses have increased, driven by advancements in trials such as the DIAMOND-1 and DIAMOND-2 Phase 3 DME trials[5].

Strategic Initiatives and Market Growth

Sales and Marketing Strategies

Companies are focusing on strategic sales initiatives, such as targeting ambulatory surgical centers (ASCs) and implementing revised pricing and discounting strategies. For example, Ocular Therapeutix believes that DEXTENZA is currently used in less than 5% of cataract procedures, indicating significant growth potential through targeted sales efforts[2].

Clinical Trials and Pipeline Development

The initiation of pivotal clinical trials, such as those for OTX-TKI in wet AMD, is a key driver of market growth. These trials not only advance the treatment landscape but also provide a financial boost through potential future revenues[2].

Expanding Healthcare Access

Improvements in healthcare access, particularly in emerging economies, are expanding the market for ophthalmic drugs. This expansion is driven by advancements in drug efficacy and patient compliance, as well as increasing consumer awareness about available treatments[3].

Emerging Trends

Biologics and Gene Therapies

There is a growing focus on biologics and gene therapies, which are expected to play a significant role in the treatment of ophthalmic diseases. These innovative treatments offer improved efficacy and patient outcomes, driving market growth[4].

Dry Eye Therapeutics

The increasing focus on dry eye therapeutics is another trend, driven by the rising prevalence of dry eye syndrome. Companies are developing new formulations and delivery systems to address this condition effectively[4].

Combination Therapies

The emergence of combination therapies is also a notable trend. These therapies combine multiple active ingredients to treat complex ophthalmic conditions more effectively, enhancing treatment outcomes and driving market growth[4].

Key Takeaways

  • The global ophthalmic drugs market is projected to grow significantly, reaching USD 82.2 billion by 2033.
  • North America dominates the market due to its advanced healthcare infrastructure and high consumer awareness.
  • Retinal disorders and anti-VEGF agents are significant segments within the market.
  • The aging population and increasing prevalence of chronic eye diseases are key drivers of market growth.
  • Biopharmaceutical innovations, regulatory support, and expanding healthcare access are crucial factors.
  • Companies like Ocular Therapeutix and Oculis are driving growth through strategic initiatives and pipeline development.

FAQs

What is the projected global market size for ophthalmic drugs by 2033?

The global ophthalmic drugs market is expected to reach USD 82.2 billion by 2033[3].

Which region holds the largest market share in the ophthalmic drugs market?

North America holds the largest market share, accounting for around 45.4% of the global market[3].

What are the key drivers of the ophthalmic drugs market?

Key drivers include the aging population, increasing prevalence of chronic eye diseases, biopharmaceutical innovations, and expanding healthcare access[3][4].

Which drug class holds a dominant share in the ophthalmic drugs market?

Anti-VEGF agents hold a dominant share of 32% in pharmaceutical treatments[3].

What are some emerging trends in the ophthalmic drugs market?

Emerging trends include a focus on biologics and gene therapies, dry eye therapeutics, and combination therapies[4].

Sources:

  1. Precedence Research - Ophthalmic Drugs Market Size To Hit USD 68.90 Bn By 2033
  2. BioSpace - Ocular Therapeutix™ Provides Second Quarter 2023 Financial Results and Corporate Update
  3. MarketResearch.biz - Ophthalmic Drugs Market Size, Share, Growth | CAGR of 8.3%
  4. The Business Research Company - Ophthalmic Drugs Global Market Report 2024
  5. Oculis - Oculis Reports Q2 2024 Financial Results and Provides Recent Update

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