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Last Updated: December 23, 2024

TESULOID Drug Patent Profile


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Which patents cover Tesuloid, and when can generic versions of Tesuloid launch?

Tesuloid is a drug marketed by Bracco and is included in one NDA.

The generic ingredient in TESULOID is technetium tc-99m sulfur colloid kit. There are four drug master file entries for this compound. Two suppliers are listed for this compound. Additional details are available on the technetium tc-99m sulfur colloid kit profile page.

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Summary for TESULOID
US Patents:0
Applicants:1
NDAs:1
Raw Ingredient (Bulk) Api Vendors: 37
Patent Applications: 33
DailyMed Link:TESULOID at DailyMed
Drug patent expirations by year for TESULOID

US Patents and Regulatory Information for TESULOID

Applicant Tradename Generic Name Dosage NDA Approval Date TE Type RLD RS Patent No. Patent Expiration Product Substance Delist Req. Exclusivity Expiration
Bracco TESULOID technetium tc-99m sulfur colloid kit SOLUTION;INJECTION, ORAL 016923-001 Approved Prior to Jan 1, 1982 DISCN 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

TESULOID Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory for Oncology Drugs: A Case Study Relevant to TESULOID

Introduction

The oncology drugs market is one of the most dynamic and rapidly growing segments within the pharmaceutical industry. To understand the market dynamics and financial trajectory relevant to a drug like TESULOID, it is crucial to delve into the broader trends and factors influencing the oncology drugs market.

Global Oncology Drugs Market Overview

The global oncology drugs market is projected to grow significantly, from $220.80 billion in 2024 to $518.25 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period[1].

Key Drivers of Market Growth

Several factors are driving this growth:

  • Rising Prevalence of Cancer: The increasing incidence of various types of cancer is a major driver. For instance, the number of diagnosed cancer cases in the U.S. is projected to reach nearly 2.3 million by 2040[1].
  • New Drug Launches and Product Approvals: The continuous launch of new and advanced drug therapies, such as targeted therapies and immunotherapies, is fueling market growth. For example, the U.S. FDA approved the combination of dabrafenib and trametinib for BRAF V600E-mutated cancers in June 2023[1].
  • Growing Research Activities: Pharmaceutical companies are increasingly investing in research and development (R&D) for oncology drugs, leading to a robust pipeline of potential treatments.

Regional Market Dynamics

  • North America: This region dominates the market, with a market size of $92.65 billion in 2023. The high incidence of cancer and new product launches in the U.S. are key factors[1].
  • Europe: Europe is expected to be the second-largest market, driven by countries like the U.K., Germany, France, Italy, and Spain.
  • Asia Pacific: This region is anticipated to exhibit rapid growth due to increasing awareness and rising healthcare expenditure.
  • Latin America and Middle East & Africa: These regions are expected to witness limited growth due to lower awareness and affordability issues of high-cost biologic drugs[1].

Impact of COVID-19

The COVID-19 pandemic had a significant impact on the oncology drugs market. There were disruptions in supply chains and bio-manufacturing, and pharmaceutical companies shifted their R&D focus towards COVID-19 therapeutics and vaccines. However, the market has stabilized since 2022, with Novartis AG reporting a 6.7% growth in its oncology segment in 2022 compared to 2021[1].

Market Segmentation by Drug Class

  • Targeted Therapies: These are expected to be the leading segment during the forecast period. Targeted therapies offer more precise and effective treatments with fewer side effects, making them highly preferred[1].

Competitive Landscape

Major players in the global oncology drugs market include F. Hoffmann-La Roche Ltd, Genentech, Inc., and Novartis AG. These companies are driving innovation and growth through continuous R&D and strategic product launches[1].

Financial Trajectory and Investment Trends

The financial trajectory of the oncology drugs market is characterized by:

  • High R&D Investments: Pharmaceutical companies are investing heavily in R&D to develop new and innovative treatments. This investment is expected to continue, driving market growth.
  • Pipeline Candidates: The rising number of pipeline candidates and product approvals are key financial drivers. For example, the CAR T-cell therapy market is expected to grow from $5.5 billion in 2024 to $29.0 billion by 2029, driven by investments and technological advancements[4].
  • Reimbursement and Pricing: The cost of oncology drugs is a significant factor, with many health care organizations facing challenges in managing these costs. Appropriate reimbursement models are crucial for sustaining market growth[2].

Challenges and Opportunities

  • Biosimilar Erosion: The entry of biosimilars can erode the market share of branded drugs, posing a challenge to pharmaceutical companies.
  • Regulatory Compliance: Compliance with FDA regulations and other international standards is essential. For instance, nuclear pharmacies must comply with USP chapter <797> and the forthcoming chapter <825>, which can be costly[2].
  • Technological Advancements: Advances in fields like antibody engineering, CAR T-cell therapy, and theranostics offer significant opportunities for growth and innovation[4].

Illustrative Statistics

  • The global immunotherapy drugs market is expected to grow from $285.3 billion in 2024 to $580.6 billion by 2029, at a CAGR of 15.3%[4].
  • The global theranostics market is projected to grow from $2.1 billion in 2023 to $4.3 billion by 2028, at a CAGR of 15.5%[4].

Expert Insights

"The increasing prevalence of cancer and the presence of strong pipeline candidates are major factors driving the growth of the market." - Fortune Business Insights[1].

Key Takeaways

  • The oncology drugs market is driven by rising cancer prevalence, new drug launches, and growing R&D activities.
  • Targeted therapies are expected to dominate the market.
  • North America leads the market, followed by Europe and Asia Pacific.
  • COVID-19 had a temporary impact, but the market has stabilized.
  • Major players like F. Hoffmann-La Roche Ltd, Genentech, Inc., and Novartis AG are driving innovation.

FAQs

Q: What is the projected growth rate of the global oncology drugs market from 2024 to 2032? A: The global oncology drugs market is projected to grow at a CAGR of 11.3% from 2024 to 2032[1].

Q: Which region dominates the oncology drugs market? A: North America dominates the oncology drugs market, with a market size of $92.65 billion in 2023[1].

Q: What are the key drivers of the oncology drugs market growth? A: The key drivers include the rising prevalence of cancer, new drug launches, and growing R&D activities by pharmaceutical companies[1].

Q: How has COVID-19 impacted the oncology drugs market? A: COVID-19 caused disruptions in supply chains and bio-manufacturing, and shifted R&D focus towards COVID-19 therapeutics and vaccines. However, the market has stabilized since 2022[1].

Q: Which drug class is expected to lead the oncology drugs market during the forecast period? A: Targeted therapies are expected to be the leading segment during the forecast period[1].

Cited Sources:

  1. Fortune Business Insights, "Oncology Drugs Market Size, Share & Growth | Statistics [2032]".
  2. Vizient, Inc., "Can the SPECT nuclear imaging modality be sustained?".
  3. PubMed, "The economics of follow-on drug research and development".
  4. MarketsandMarkets, "Pharmaceuticals Market Research Reports".

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