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Last Updated: December 22, 2024

RUBY-FILL Drug Patent Profile


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When do Ruby-fill patents expire, and when can generic versions of Ruby-fill launch?

Ruby-fill is a drug marketed by Jubilant and is included in one NDA.

The generic ingredient in RUBY-FILL is rubidium chloride rb-82. There are three drug master file entries for this compound. Two suppliers are listed for this compound. Additional details are available on the rubidium chloride rb-82 profile page.

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Summary for RUBY-FILL
US Patents:0
Applicants:1
NDAs:1
Finished Product Suppliers / Packagers: 1
Raw Ingredient (Bulk) Api Vendors: 7
Patent Applications: 32
What excipients (inactive ingredients) are in RUBY-FILL?RUBY-FILL excipients list
DailyMed Link:RUBY-FILL at DailyMed
Drug patent expirations by year for RUBY-FILL
Pharmacology for RUBY-FILL

US Patents and Regulatory Information for RUBY-FILL

Applicant Tradename Generic Name Dosage NDA Approval Date TE Type RLD RS Patent No. Patent Expiration Product Substance Delist Req. Exclusivity Expiration
Jubilant RUBY-FILL rubidium chloride rb-82 SOLUTION;INTRAVENOUS 202153-001 Sep 30, 2016 RX No 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

RUBY-FILL Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory for RUBY-FILL

Introduction

RUBY-FILL, a groundbreaking technology for Positron Emission Tomography (PET) myocardial perfusion imaging (MPI), has been making significant waves in the medical diagnostics market since its FDA approval in 2016. Here, we delve into the market dynamics and financial trajectory of this innovative product.

FDA Approval and Initial Market Impact

In October 2016, Jubilant DraxImage Inc., a subsidiary of Jubilant Pharma Ltd., received FDA approval for RUBY-FILL, a Rubidium-82 (Rb-82) Generator and Elution System. This approval marked a significant milestone in the diagnosis and management of coronary artery disease (CAD) using PET imaging under rest and pharmacologic stress conditions[4].

Market Expansion and Accessibility

The FDA clearance for mobile use of RUBY-FILL in 2023 further expanded its reach, allowing its use in smaller community hospitals, rural settings, and areas where a full-time cardiac PET program may not be feasible. This move aligns with Jubilant Radiopharma’s commitment to increase patient access to this crucial diagnostic test[1].

Competitive Advantage

RUBY-FILL has been noted for its significant advantages over its competitor, Cardiogen-82. Feedback from cardiologists and nuclear medicine physicians highlights its superior performance, making it a preferred choice in the market. Despite higher costs being a barrier to widespread adoption, RUBY-FILL’s benefits are expected to drive its market share[2].

Financial Performance and Growth

Since its launch, RUBY-FILL has contributed substantially to Jubilant Life Sciences' (JLS) financial growth. The product was expected to generate revenues of around $80 million initially, with potential to grow to $100 million as the cardiac PET imaging market expands in the US. The radiopharma business, driven by RUBY-FILL and other products, has seen multifold growth, contributing significantly to JLS's overall revenue[2].

Revenue and EBITDA Margins

In FY2024, Jubilant Life Sciences reported a 7% growth in total income, partly driven by the growth in RUBY-FILL sales and new product launches. The radiopharma business achieved a 50% EBITDA margin for the full year, indicating strong profitability. The company's EBITDA margins increased by 160 basis points to 14.7%, reflecting improved performance across various segments, including radiopharma[3].

Market Size and Pipeline

The radiopharma segment of JLS has a robust pipeline of niche products, with a total market size of around $800 million. RUBY-FILL is a key component of this pipeline, and its success is expected to drive further growth. The company anticipates at least one product approval per year from this pipeline, which will contribute to sustained revenue growth[2].

Distribution and Network Expansion

The acquisition of Triad, a radiopharmacy chain with over 50 pharmacies, has significantly enhanced JLS's distribution network. This expansion has been crucial in increasing the reach of RUBY-FILL and other radiopharma products, contributing to the company's bottom-line growth[2].

Clinical and Operational Efficiencies

The clinical trials for other products in the pipeline, such as MIBG, are progressing well. The operational efficiencies in the radiopharmacy business have also improved, leading to profitability in FY2024. The company is focusing on accelerating sales of new products, including Ga-PSMA, which will further bolster the financial performance of the radiopharma segment[3].

Future Outlook

The medium-term outlook for JLS's radiopharma business remains positive, driven by the strong pipeline of products, including RUBY-FILL. The company's capacity expansion program in Spokane, Washington, is on track, with new production lines expected to start commercial production in FY26 and FY28. This expansion will support the growing demand for RUBY-FILL and other radiopharma products[3].

Key Takeaways

  • FDA Approval and Market Expansion: RUBY-FILL received FDA approval in 2016 and was cleared for mobile use in 2023, expanding its accessibility.
  • Competitive Advantage: RUBY-FILL has significant advantages over competitors, driving its market share.
  • Financial Performance: The product has contributed substantially to JLS's revenue and EBITDA growth.
  • Market Size and Pipeline: RUBY-FILL is part of a robust pipeline with a total market size of around $800 million.
  • Distribution and Network: The acquisition of Triad has enhanced the distribution network, increasing the product's reach.
  • Future Outlook: The medium-term outlook is positive, with ongoing capacity expansion and a strong product pipeline.

FAQs

Q: What is RUBY-FILL used for? RUBY-FILL is used for cardiac PET imaging under rest or pharmacologic stress conditions to evaluate regional myocardial perfusion in patients with suspected or existing coronary artery disease[1].

Q: When did RUBY-FILL receive FDA approval? RUBY-FILL received FDA approval in October 2016[4].

Q: How has RUBY-FILL impacted Jubilant Life Sciences' financial performance? RUBY-FILL has significantly contributed to JLS's revenue and EBITDA growth, with the radiopharma business achieving a 50% EBITDA margin in FY2024[3].

Q: What are the future growth prospects for RUBY-FILL? The future outlook is positive, with ongoing capacity expansion and a strong product pipeline expected to drive further growth. The company anticipates at least one product approval per year from its pipeline[2][3].

Q: How does RUBY-FILL compare to its competitors? RUBY-FILL has significant advantages over its competitor, Cardiogen-82, as noted by feedback from cardiologists and nuclear medicine physicians[2].

Sources

  1. Jubilant Radiopharma Introduces RUBY Mobile Solutions - DAIC
  2. Jubilant Life Sciences - Nirmal Bang
  3. Naresh Kapoor - BSE
  4. Jubilant Draximage Receives FDA Approval For RUBY-FILL - BioSpace

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