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Last Updated: December 22, 2024

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PROMACTA Drug Patent Profile


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Which patents cover Promacta, and what generic alternatives are available?

Promacta is a drug marketed by Novartis and is included in two NDAs. There are six patents protecting this drug and two Paragraph IV challenges.

This drug has one hundred and eight patent family members in forty countries.

The generic ingredient in PROMACTA is eltrombopag olamine. There are three drug master file entries for this compound. One supplier is listed for this compound. Additional details are available on the eltrombopag olamine profile page.

DrugPatentWatch® Litigation and Generic Entry Outlook for Promacta

A generic version of PROMACTA was approved as eltrombopag olamine by ANNORA PHARMA on April 18th, 2024.

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Drug patent expirations by year for PROMACTA
Drug Prices for PROMACTA

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Recent Clinical Trials for PROMACTA

Identify potential brand extensions & 505(b)(2) entrants

SponsorPhase
Food and Drug Administration (FDA)Phase 1
University of California, San FranciscoPhase 1
University of California, DavisPhase 1

See all PROMACTA clinical trials

Paragraph IV (Patent) Challenges for PROMACTA
Tradename Dosage Ingredient Strength NDA ANDAs Submitted Submissiondate
PROMACTA Tablets eltrombopag olamine 12.5 mg and 25 mg 022291 1 2014-02-04
PROMACTA Tablets eltrombopag olamine 50 mg and 75 mg 022291 1 2014-01-07

US Patents and Regulatory Information for PROMACTA

PROMACTA is protected by six US patents and one FDA Regulatory Exclusivity.

Applicant Tradename Generic Name Dosage NDA Approval Date TE Type RLD RS Patent No. Patent Expiration Product Substance Delist Req. Exclusivity Expiration
Novartis PROMACTA KIT eltrombopag olamine FOR SUSPENSION;ORAL 207027-002 Sep 27, 2018 AB RX Yes No ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-003 Sep 8, 2009 RX Yes Yes ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
Novartis PROMACTA KIT eltrombopag olamine FOR SUSPENSION;ORAL 207027-001 Aug 24, 2015 AB RX Yes Yes ⤷  Subscribe ⤷  Subscribe Y ⤷  Subscribe
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-005 Nov 16, 2012 DISCN Yes No ⤷  Subscribe ⤷  Subscribe Y ⤷  Subscribe
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-004 Oct 20, 2011 RX Yes No ⤷  Subscribe ⤷  Subscribe Y ⤷  Subscribe
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-002 Nov 20, 2008 RX Yes No ⤷  Subscribe ⤷  Subscribe Y ⤷  Subscribe
>Applicant >Tradename >Generic Name >Dosage >NDA >Approval Date >TE >Type >RLD >RS >Patent No. >Patent Expiration >Product >Substance >Delist Req. >Exclusivity Expiration

Expired US Patents for PROMACTA

Applicant Tradename Generic Name Dosage NDA Approval Date Patent No. Patent Expiration
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-002 Nov 20, 2008 ⤷  Subscribe ⤷  Subscribe
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-001 Nov 20, 2008 ⤷  Subscribe ⤷  Subscribe
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-003 Sep 8, 2009 ⤷  Subscribe ⤷  Subscribe
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-002 Nov 20, 2008 ⤷  Subscribe ⤷  Subscribe
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-004 Oct 20, 2011 ⤷  Subscribe ⤷  Subscribe
Novartis PROMACTA eltrombopag olamine TABLET;ORAL 022291-003 Sep 8, 2009 ⤷  Subscribe ⤷  Subscribe
>Applicant >Tradename >Generic Name >Dosage >NDA >Approval Date >Patent No. >Patent Expiration

International Patents for PROMACTA

When does loss-of-exclusivity occur for PROMACTA?

Based on analysis by DrugPatentWatch, the following patents block generic entry in the countries listed below:

Argentina

Patent: 9656
Patent: COMPRIMIDO FARMACEUTICO QUE COMPRENDE LA SAL DE BIS - (MONOETANOLAMINA) DEL ACIDO 3' -[(2Z )-[1-(3,4- DIMETILFENIL)-1,5- DIHIDRO-3- METIL-5 OXO- 4H-PIRAZOL-4- ILIDENO} HIDRAZINO} -2' HIDROXI- { 1,1'- BIFENIL]-3- CARBOXILICO [ELTROMBOPAG OLAMINA), CAPSULA FARMACEUTICA, FORMA DE DOSIFICACION Y GRANULO
Estimated Expiration: ⤷  Subscribe

Patent: 7711
Patent: COMPRIMIDO FARMACÉUTICO, GRÁNULOS FARMACÉUTICOS Y PROCEDIMIENTO PARA SU PREPARACIÓN, FORMA FARMACÉUTICA ORAL SÓLIDA, CÁPSULA
Estimated Expiration: ⤷  Subscribe

Australia

Patent: 07352608
Patent: Novel pharmaceutical composition
Estimated Expiration: ⤷  Subscribe

Brazil

Patent: 0721651
Patent: COMPOSIÇÃO FARMACÊUTICA
Estimated Expiration: ⤷  Subscribe

Canada

Patent: 85831
Patent: NOUVELLE COMPOSITION PHARMACEUTIQUE (NOVEL PHARMACEUTICAL COMPOSITION)
Estimated Expiration: ⤷  Subscribe

Chile

Patent: 07002242
Patent: FORMA DE DOSIFICACION FARMACEUTICA ORAL EN COMPRIMIDO, CAPSULA O GRANULO QUE COMPRENDE BIS-(MONOETANOLAMINA) DE ACIDO 3'-[(2Z)-[1-(3,4-DIMETILFENIL)-1,5-DIHIDRO-3-METIL-5-OXO-4H-PIRAZOL-4-ILIDENO]HIDRAZINO]-2'-HIDROXI[1-1'-BIFENIL]-3-CARBOXILICO; PRO
Estimated Expiration: ⤷  Subscribe

China

Patent: 1686930
Patent: Novel pharmaceutical composition
Estimated Expiration: ⤷  Subscribe

Patent: 2688207
Patent: Novel pharmaceutical composition
Estimated Expiration: ⤷  Subscribe

Patent: 2697745
Patent: Novel pharmaceutical composition
Estimated Expiration: ⤷  Subscribe

Colombia

Patent: 60058
Patent: COMPOSICIONES QUE CONTIENEN BIS-(MONOETANOLAMINA) DEL ACIDO 3 ́-[(2Z)-[1-(3,4-DIMETILFENIL)-1,5-DIHIDRO-3-METIL-5-OXO-4H-PIRAZOL-4-ILIDENO]HIDRAZINO]-2 ́HIDROXI-[1,1 ́-BIFENIL]-3-CARBOXILICO (ELTROMBOPAG OLAMINA) Y PROCESOS PARA SU PREPARACION .
Estimated Expiration: ⤷  Subscribe

Costa Rica

Patent: 143
Patent: NUEVA COMPOSICION FARMACEUTICA
Estimated Expiration: ⤷  Subscribe

Croatia

Patent: 0160206
Estimated Expiration: ⤷  Subscribe

Cyprus

Patent: 17284
Estimated Expiration: ⤷  Subscribe

Denmark

Patent: 52237
Estimated Expiration: ⤷  Subscribe

Dominican Republic

Patent: 009000253
Patent: COMPOSICION FARMACEUTICA NOVEDOSA
Estimated Expiration: ⤷  Subscribe

Ecuador

Patent: 077628
Patent: NUEVA COMPOSICIÓN FARMACÉUTICA
Estimated Expiration: ⤷  Subscribe

Eurasian Patent Organization

Patent: 0883
Patent: ФАРМАЦЕВТИЧЕСКАЯ ТАБЛЕТКА (PHARMACEUTICAL TABLET)
Estimated Expiration: ⤷  Subscribe

Patent: 4294
Patent: ФАРМАЦЕВТИЧЕСКАЯ КОМПОЗИЦИЯ ОЛАМИНА ЭЛЬТРОМБОПАГА (PHARMACEUTICAL COMPOSITION OF ELTROMBOPAG OLAMINE)
Estimated Expiration: ⤷  Subscribe

Patent: 0971018
Patent: НОВАЯ ФАРМАЦЕВТИЧЕСКАЯ КОМПОЗИЦИЯ
Estimated Expiration: ⤷  Subscribe

Patent: 1400387
Patent: НОВАЯ ФАРМАЦЕВТИЧЕСКАЯ КОМПОЗИЦИЯ
Estimated Expiration: ⤷  Subscribe

Patent: 1991590
Patent: НОВАЯ ФАРМАЦЕВТИЧЕСКАЯ КОМПОЗИЦИЯ
Estimated Expiration: ⤷  Subscribe

European Patent Office

Patent: 52237
Patent: NOUVELLE COMPOSITION PHARMACEUTIQUE (NOVEL PHARMACEUTICAL COMPOSITION)
Estimated Expiration: ⤷  Subscribe

Patent: 90730
Patent: NOUVELLE COMPOSITION PHARMACEUTIQUE (NOVEL PHARMACEUTICAL COMPOSITION)
Estimated Expiration: ⤷  Subscribe

Patent: 18732
Patent: COMPRIMÉS COMPRENANTS DE L'ELTROMBOPAG OLAMINE (TABLETS COMPRISING ELTROMBOPAG OLAMINE)
Estimated Expiration: ⤷  Subscribe

Patent: 18733
Patent: COMPRIMÉS COMPRENANTS DE L'ELTROMBOPAG OLAMINE (TABLETS COMPRISING ELTROMBOPAG OLAMINE)
Estimated Expiration: ⤷  Subscribe

Hong Kong

Patent: 36968
Patent: 新穎的藥物組合物 (NOVEL PHARMACEUTICAL COMPOSITION)
Estimated Expiration: ⤷  Subscribe

Hungary

Patent: 27209
Estimated Expiration: ⤷  Subscribe

Israel

Patent: 1891
Patent: טבליות רוקחיות המכילות אלטרומבופאג אולמין, שיטות להכנתן ושימושן בהכנת תרופות לטיפול בתרומבוציטופניה (Pharmaceutical tablets containing eltrombopag olamine, methods for their preparation and use thereof in the preparation of medicaments for treating thrombocytopenia)
Estimated Expiration: ⤷  Subscribe

Patent: 8840
Patent: טבליות רוקחיות המכילות אלטרומבופאג אולמין, שיטות להכנתן ושימושן בהכנת תרופות לטיפול בתרומבוציטופניה (Pharmaceutical tablets containing eltrombopag olamine, methods for their preparation and use thereof in the preparation of medicaments for treating thrombocytopenia)
Estimated Expiration: ⤷  Subscribe

Patent: 4602
Patent: טבליות רוקחיות המכילות אלטרומבופאג אולמין, שיטות להכנתן ושימושן בהכנת תרופות לטיפול בתרומבוציטופניה (Pharmaceutical tablets containing eltrombopag olamine, methods for their preparation and use thereof in the preparation of medicaments for treating thrombocytopenia)
Estimated Expiration: ⤷  Subscribe

Japan

Patent: 19866
Estimated Expiration: ⤷  Subscribe

Patent: 35078
Estimated Expiration: ⤷  Subscribe

Patent: 44713
Estimated Expiration: ⤷  Subscribe

Patent: 60289
Estimated Expiration: ⤷  Subscribe

Patent: 10526140
Estimated Expiration: ⤷  Subscribe

Patent: 14005302
Patent: NOVEL PHARMACEUTICAL COMPOSITION
Estimated Expiration: ⤷  Subscribe

Patent: 15129195
Patent: 新たな医薬組成物 (NOVEL PHARMACEUTICAL COMPOSITION)
Estimated Expiration: ⤷  Subscribe

Patent: 17137343
Patent: 新たな医薬組成物 (NOVEL PHARMACEUTICAL COMPOSITION)
Estimated Expiration: ⤷  Subscribe

Patent: 19123747
Patent: 新たな医薬組成物 (NOVEL PHARMACEUTICAL COMPOSITION)
Estimated Expiration: ⤷  Subscribe

Patent: 21100968
Patent: 新たな医薬組成物 (NOVEL PHARMACEUTICAL COMPOSITION)
Estimated Expiration: ⤷  Subscribe

Patent: 23011888
Patent: 新たな医薬組成物
Estimated Expiration: ⤷  Subscribe

Jordan

Patent: 43
Patent: مركبات صيدلانية جديدة (Novel pharmaceutical composition)
Estimated Expiration: ⤷  Subscribe

Malaysia

Patent: 8072
Patent: NOVEL PHAMACEUTICAL COMPOSITION
Estimated Expiration: ⤷  Subscribe

Mexico

Patent: 09011881
Patent: NUEVA COMPOSICION FARMACEUTICA. (NOVEL PHARMACEUTICAL COMPOSITION.)
Estimated Expiration: ⤷  Subscribe

Morocco

Patent: 236
Patent: NOUVELLE COMPOSITION PHARMACEUTIQUE
Estimated Expiration: ⤷  Subscribe

New Zealand

Patent: 0888
Patent: Compositions of eltrombopag olamine substantially free from coordinating metals or reducing sugars
Estimated Expiration: ⤷  Subscribe

Peru

Patent: 080773
Patent: COMPOSICION FARMACEUTICA QUE COMPRENDE BIS-(MONOETANOLAMINA) DE ACIDO 3'-[(2Z)-[1-(3,4-DIMETILFENIL)-1,5-DIHIDRO-3-METIL-5-OXO-4H-PIRAZOL-4-ILIDENO]HIDRAZINO]-2'-HIDROXI-[1,1'-BIFENIL]-3-CARBOXILICO
Estimated Expiration: ⤷  Subscribe

Patent: 121407
Patent: COMPOSICION FARMACEUTICA QUE COMPRENDE BIS-(MONOETANOLAMINA) DE ACIDO 3'-[(2Z)-[1-(3, 4-DIMETILFENIL)-1, 5-DIHIDRO-3-METIL-5-OXO-4H-PIRAZOL-4-ILIDENO] HIDRAZINO]-2'-HIDROXI-[1, 1'-BIFENIL]-3-CARBOXILICO
Estimated Expiration: ⤷  Subscribe

Patent: 151953
Patent: COMPOSICION FARMACEUTICA QUE COMPRENDE BIS-(MONOETANOLAMINA) DE ACIDO 3'-[(2Z)-[1-(3, 4-DIMETILFENIL)-1, 5-DIHIDRO-3-METIL-5-OXO-4H-PIRAZOL-4-ILIDENO] HIDRAZINO]-2'-HIDROXI-[1, 1'-BIFENIL]-3-CARBOXILICO
Estimated Expiration: ⤷  Subscribe

Poland

Patent: 52237
Estimated Expiration: ⤷  Subscribe

Portugal

Patent: 52237
Estimated Expiration: ⤷  Subscribe

Slovenia

Patent: 52237
Estimated Expiration: ⤷  Subscribe

South Africa

Patent: 0907710
Patent: NOVEL PHARMACEUICAL COMPOSITION
Estimated Expiration: ⤷  Subscribe

South Korea

Patent: 1475971
Estimated Expiration: ⤷  Subscribe

Patent: 1537200
Estimated Expiration: ⤷  Subscribe

Patent: 1632851
Estimated Expiration: ⤷  Subscribe

Patent: 100020456
Patent: NOVEL PHARMACEUTICAL COMPOSITION
Estimated Expiration: ⤷  Subscribe

Patent: 140049086
Patent: NOVEL PHARMACEUTICAL COMPOSITION
Estimated Expiration: ⤷  Subscribe

Patent: 150008513
Patent: NOVEL PHARMACEUTICAL COMPOSITION
Estimated Expiration: ⤷  Subscribe

Spain

Patent: 65179
Estimated Expiration: ⤷  Subscribe

Taiwan

Patent: 39267
Estimated Expiration: ⤷  Subscribe

Patent: 38674
Estimated Expiration: ⤷  Subscribe

Patent: 0843742
Patent: Novel pharmaceutical composition
Estimated Expiration: ⤷  Subscribe

Patent: 1410240
Patent: Pharmaceutical tablets, solid oral pharmaceutical dosage forms, pharmaceutical capsules and pharmaceutical granules comprising 3'-[(2Z)-[1-(3,4-dimethylphenyl)-1,5-dihydro-3-methyl-5-oxo-4H-pyrazol-4-ylidene]hydrazino]-2'-hydroxy-[1,1'-biphenyl]-3-carbox
Estimated Expiration: ⤷  Subscribe

Ukraine

Patent: 261
Patent: ФАРМАЦЕВТИЧЕСКАЯ КОМПОЗИЦИЯ ЭЛТРОМБОПАГА ОЛАМИНА (ВАРИАНТЫ) И СПОСОБ ЕЕ ИЗГОТОВЛЕНИЯ (ВАРИАНТЫ);ФАРМАЦЕВТИЧНА КОМПОЗИЦІЯ ЕЛТРОМБОПАГУ ОЛАМІНУ (ВАРІАНТИ) І СПОСІБ ЇЇ ВИГОТОВЛЕННЯ (ВАРІАНТИ) (PHARMACEUTICAL COMPOSITIONS CONTAINING ELTROMBOPAG OLAMINE AND PROCESSES FOR THE PREPARATION THEREOF)
Estimated Expiration: ⤷  Subscribe

Generics may enter earlier, or later, based on new patent filings, patent extensions, patent invalidation, early generic licensing, generic entry preferences, and other factors.

See the table below for additional patents covering PROMACTA around the world.

Country Patent Number Title Estimated Expiration
Brazil PI0310094 composto de bis-(monoetanolamina) de ácido 3'-[(2z)-[1-(3,4-dimetilfenil)-1,5-diidro-3-metil-5-oxo-4h-pirazol-4-ilideno]hidrazino]-2'-hidróxi-[1,1'-bifenil]-3-carboxílico, composição farmacêutica e processos para preparar ditos composto e composição farmacêutica ⤷  Subscribe
South Korea 101475971 ⤷  Subscribe
Lithuania C1534390 ⤷  Subscribe
Mexico PA04011522 BIS- (MONOETANOLAMINA) DEL ACIDO 3`-[2Z)- [1-(3, 4- DIMETILFENIL) -1, 5-DIHIDRO- 3-METIL- 5-OXO -4H- PIRAZOL -4-ILIDENO] HIDRAZINO]-2`-HIDROXI-] 1, 1`-BIFENIL] -3- CARBOXILICO. (3'- [(2Z) -[1-(3, 4- DIMETHYLPHENYL) -1, 5-DIHYDRO- 3-METHYL -5-OXO -4H- PYRAZOL -4- YLIDENE] HYDRAZINO]- 2'-HYDROXY -[1, 1'-BIPHENYL] -3-CARBOXYLIC ACID BIS -(MONOETHANOLAMINE).) ⤷  Subscribe
Japan 3813875 ⤷  Subscribe
Hong Kong 1055561 ⤷  Subscribe
>Country >Patent Number >Title >Estimated Expiration

Supplementary Protection Certificates for PROMACTA

Patent Number Supplementary Protection Certificate SPC Country SPC Expiration SPC Description
1294378 2010C/018 Belgium ⤷  Subscribe PRODUCT NAME: ELTROMBOPAG, OPTIONNELLEMENT SOUS FORME DE SEL OU SOLVATE PHARMACEUTIQUEMENT ACCEPTABLE (Y COMPRIS UN HYDRATE); AUTHORISATION NUMBER AND DATE: EU/1/10/612/001 20100315
1294378 122010000037 Germany ⤷  Subscribe PRODUCT NAME: ELTROMBOPAG SOWIE PHARMAZEUTISCH ANNEHMBARE SALZE, HYDRATE UND SOLVATE DAVON; NAT. REGISTRATION NO/DATE: EU/1/10/612/001-006 20100311; FIRST REGISTRATION: EU EU/1/10/612/001-/006 20100311
1294378 SPC020/2010 Ireland ⤷  Subscribe SPC020/2010: 20110308, EXPIRES: 20250310
1294378 23/2010 Austria ⤷  Subscribe PRODUCT NAME: ELTROMBOPAG, GEGEBENENFALLS IN FORM EINES PHARMAZEUTISCH ANNEHMBAREN SALZES, HYDRATS UND SOLVATS DAVON; REGISTRATION NO/DATE: EU/1/10/612/001-EU/1/10/612/006 (MITTEILUNG) 20100315
1294378 C201000022 Spain ⤷  Subscribe PRODUCT NAME: ELTROMBOPAG; NATIONAL AUTHORISATION NUMBER: EU/1/10/612/001-006; DATE OF AUTHORISATION: 20100315; NUMBER OF FIRST AUTHORISATION IN EUROPEAN ECONOMIC AREA (EEA): EU/1/10/612/001-006; DATE OF FIRST AUTHORISATION IN EEA: 20100315
1294378 10C0034 France ⤷  Subscribe PRODUCT NAME: ELTROMBOPAG EVENTUELLEMENT SOUS LA FORME D'UN SEL OU D'UN SOLVATE PHARMACEUTIQUEMENT ACCEPTABLE (INCLUANT UN HYDRATE); REGISTRATION NO/DATE: EU/1/10/612/001 20100315
>Patent Number >Supplementary Protection Certificate >SPC Country >SPC Expiration >SPC Description

PROMACTA Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory for Promacta

Introduction to Promacta

Promacta, also known as eltrombopag, is a thrombopoietin receptor agonist used to treat various platelet disorders, including chronic immune thrombocytopenic purpura (ITP), severe aplastic anemia (SAA), and thrombocytopenia associated with chronic hepatitis C. Developed by Novartis, Promacta has seen significant growth and expansion in its market presence.

Market Growth Drivers

The Promacta market is driven by several key factors:

Increasing Prevalence of Platelet Disorders

The rising incidence of chronic immune thrombocytopenic purpura (ITP) and other platelet disorders is a major driver. ITP affects 4.5 to 10 per 100,000 adults annually, creating a substantial demand for targeted therapies like Promacta[3].

Expanding Indications

Promacta's initial approval for ITP has been followed by approvals for other conditions such as aplastic anemia and hepatitis C-related thrombocytopenia. This diversification of indications has enhanced its therapeutic profile and attracted a wider patient demographic[3][4].

Regulatory Approvals and Flexibility

The FDA has granted Promacta several approvals, including a breakthrough designation for treating acute radiation syndrome. Expedited pathways for rare diseases have also facilitated its market entry and expansion[3][4].

Technological Advancements and Personalized Medicine

Advancements in biopharmaceutical manufacturing and the integration of technologies like artificial intelligence in drug discovery are expected to enhance Promacta's efficacy and explore new indications[3].

Financial Performance and Projections

Current Market Size and Growth Rate

The Promacta market was valued at USD 7.7 billion in 2023 and is projected to reach USD 13.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031[1].

Revenue Growth

Sales of Promacta have shown significant growth, with a 37% year-over-year increase to $844 million in the first nine months of 2018. In 2022, Promacta/Revolade generated USD 540 million, with an 11% growth in constant currency[4][5].

Segmental Analysis

The market is segmented based on application (thrombocytopenia treatment, immune thrombocytopenia, chronic hepatitis C treatment, aplastic anemia treatment) and product (eltrombopag tablets, eltrombopag oral suspension), with geographical regions also playing a crucial role in market dynamics[1].

Geographical Market Dynamics

Emerging Markets

Emerging markets, particularly in the Asia-Pacific region, offer significant growth opportunities. Countries like China and India are experiencing improvements in healthcare infrastructure and rising disposable incomes, leading to increased healthcare spending and earlier diagnoses of chronic diseases[3].

Regional Regulatory Landscapes

The regulatory landscape varies across regions, with the FDA in the U.S. offering streamlined processes for novel therapies, while other countries may have more stringent approval protocols. This variability can impact the timely access to Promacta and its market growth[3].

Challenges and Complications

Regulatory Hurdles

The diverse regulatory environments across different regions pose a significant challenge. While the FDA has expedited pathways, other countries may impose stringent approval protocols that delay market entry[3].

Cost and Healthcare Budgets

The rising cost of healthcare and the emphasis on cost-effective treatments can sideline innovative therapies like Promacta. Health technology assessments in countries like Germany and the UK rigorously evaluate the economic value of new medications, complicating market dynamics[3].

Value-Based Pricing Models

The introduction of value-based pricing models requires pharmaceutical companies to demonstrate the economic value of Promacta, not just its clinical benefits. This shift necessitates collaboration with healthcare providers and payers to gather real-world evidence to substantiate pricing strategies[3].

Future Outlook and Research

Ongoing Clinical Trials and New Indications

Ongoing clinical trials are investigating Promacta's potential in various hematologic conditions, such as myelodysplastic syndromes. These efforts are expected to broaden its therapeutic landscape and solidify its market position[1][3].

Technological Integration

The integration of advanced technologies, such as artificial intelligence in drug discovery, could expedite the identification of new indications and optimize treatment protocols, further enhancing Promacta’s market potential[3].

Strategic Alliances and Manufacturing Improvements

Collaborative Efforts

Strategic alliances between pharmaceutical companies and research institutions are crucial for exploring new formulations and combinations that enhance the drug’s efficacy. These collaborations are expected to drive long-term market growth[1][3].

Biopharmaceutical Manufacturing

Improvements in biopharmaceutical manufacturing are also anticipated to support market expansion. These advancements can lead to more efficient production processes and better product quality, further solidifying Promacta’s position in the market[1].

Key Takeaways

  • Promacta's market growth is driven by increasing prevalence of platelet disorders, expanding treatment indications, and regulatory approvals.
  • The market is projected to grow at a CAGR of 7.5% from 2024 to 2031, reaching USD 13.9 billion by 2031.
  • Emerging markets, especially in Asia-Pacific, present significant growth opportunities.
  • Regulatory and cost challenges, including value-based pricing models, need to be navigated for sustained market growth.
  • Ongoing research and technological integration are expected to enhance Promacta’s therapeutic profile and market position.

FAQs

Q: What is Promacta used for? Promacta, or eltrombopag, is used to treat various platelet disorders, including chronic immune thrombocytopenic purpura (ITP), severe aplastic anemia (SAA), and thrombocytopenia associated with chronic hepatitis C.

Q: What is the current market size of Promacta? The Promacta market was valued at USD 7.7 billion in 2023.

Q: What is the projected growth rate of the Promacta market? The Promacta market is expected to grow at a CAGR of 7.5% from 2024 to 2031.

Q: Which regions offer significant growth opportunities for Promacta? Emerging markets, particularly in the Asia-Pacific region, offer significant growth opportunities due to improvements in healthcare infrastructure and rising disposable incomes.

Q: What are the main challenges facing the Promacta market? The main challenges include regulatory hurdles, rising healthcare costs, and the need to demonstrate economic value under value-based pricing models.

Cited Sources

  1. Market Research Intellect - Promacta Market Size and Projections[1]
  2. Novartis Financial Results Q4 2023 - Novartis Financial Results[2]
  3. PMarketResearch - Worldwide Promacta Market Research 2024[3]
  4. FiercePharma - Novartis scores FDA nod for Promacta label expansion[4]
  5. Novartis Financial Results Q4 2022 - Novartis Financial Results[5]

More… ↓

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