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Last Updated: December 22, 2024

TURGEX Drug Patent Profile


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When do Turgex patents expire, and what generic alternatives are available?

Turgex is a drug marketed by Xttrium and is included in two NDAs.

The generic ingredient in TURGEX is hexachlorophene. There are seven drug master file entries for this compound. Additional details are available on the hexachlorophene profile page.

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Summary for TURGEX
US Patents:0
Applicants:1
NDAs:2
Raw Ingredient (Bulk) Api Vendors: 80
Patent Applications: 3,375
DailyMed Link:TURGEX at DailyMed
Drug patent expirations by year for TURGEX

US Patents and Regulatory Information for TURGEX

Applicant Tradename Generic Name Dosage NDA Approval Date TE Type RLD RS Patent No. Patent Expiration Product Substance Delist Req. Exclusivity Expiration
Xttrium TURGEX hexachlorophene AEROSOL;TOPICAL 018375-001 Approved Prior to Jan 1, 1982 DISCN No No ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
Xttrium TURGEX hexachlorophene EMULSION;TOPICAL 019055-001 Nov 30, 1984 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

TURGEX Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory for the Pharmaceutical Drug Delivery Market

Introduction

The pharmaceutical drug delivery market is on the cusp of significant transformation, driven by a multitude of factors that are reshaping the industry's landscape. This article delves into the market dynamics, financial trajectory, and key drivers influencing the growth of this sector.

Market Growth Outlook

The global pharmaceutical drug delivery market is forecasted to grow from USD 1,949.4 billion in 2024 to USD 2,546.0 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 5.5%[1].

Key Drivers of Market Growth

Rising Prevalence of Chronic Diseases

The increasing global incidence of chronic diseases such as diabetes, hypertension, and cancer is a significant driver. These diseases are more prevalent among the elderly, and with the global population aged 60 and older expected to double by 2050, the demand for effective drug delivery technologies is set to rise[1].

Technological Advancements

Modernization of drug delivery technologies, including innovations in routes of administration and delivery systems, is enhancing patient compliance and comfort. These advancements are crucial in managing chronic conditions more effectively[1].

Government Initiatives and Reimbursement Policies

Government initiatives aimed at providing affordable healthcare and supportive reimbursement policies are facilitating the adoption of advanced drug delivery systems. These policies are particularly beneficial in regions like North America, where favorable reimbursement options are prevalent[1].

Regional Market Dynamics

North America

North America is anticipated to be the largest regional market during the forecast period. The presence of global pharmaceutical giants, favorable government initiatives, and high per capita healthcare expenditure contribute to this dominance[1].

Emerging Markets

Regions like Turkey are experiencing significant growth due to a large and growing population, universal healthcare systems, and a trend towards self-medication. This has led to an increasing demand for pharmaceutical products, including over-the-counter drugs[4].

Financial Trajectory of Pharmaceutical Companies

Revenue Growth

Companies like Servier have reported significant revenue growth, with overall revenue increasing by 9.2% from 2021-2022 to 2022-2023. This growth is driven by higher sales and tight cost control[2].

EBITDA and Profit Margins

Servier's EBITDA margin increased from 17.6% to 19.1% during the same period, reflecting efficient cost management and higher sales. However, consolidated net income was affected by legal and tax-related issues[2].

Impact of Regulatory Changes

The Inflation Reduction Act in the U.S. is expected to compress the economic lifecycle of brand-name drugs, particularly small molecule drugs, by introducing new Medicare event horizons. This could impact investment in research and development and reduce the number of treatments available for patients[3].

Challenges Faced by the Market

Government Pricing Pressure

Governments and regulatory bodies imposing price caps on medicines to increase affordability are limiting the revenue potential for pharmaceutical companies. This pressure from insurers, pharmacy benefit managers, and public and private payers continues to affect profit margins[1].

Regulatory Hurdles

The development and approval of new drug delivery technologies face regulatory hurdles, which can delay market entry and impact the financial performance of pharmaceutical companies[1].

High Cost of Advanced Technologies

The high cost of advanced drug delivery devices is another challenge. This can limit adoption, especially in emerging economies where affordability is a significant concern[1].

Impact on Research and Development

Changing Clinical Trial Strategies

The economic lifecycle compression due to regulatory changes is altering clinical trial strategies. This can lengthen the time to market and impact the value of assets over their lifetime[3].

Investment in R&D

Despite challenges, companies like Vertex are continuing to invest heavily in their mid- and late-stage clinical pipelines. Vertex raised its full-year 2023 product revenue guidance to $9.7 to $9.8 billion, reflecting strong revenue growth and ongoing investment in R&D[5].

Customer Preferences and Trends

Self-Administration and Home Care

There is a growing preference for self-administration and home-based care, driven by patient comfort and compliance. This trend is supported by advancements in drug delivery technologies that make home care more feasible and effective[1].

Private Healthcare Services

In countries like Turkey, there is a growing trend towards using private healthcare services, which has led to an increased demand for pharmaceutical products, including those requiring advanced drug delivery systems[4].

Illustrative Statistics

  • The global pharmaceutical drug delivery market is projected to grow from USD 1,949.4 billion in 2024 to USD 2,546.0 billion by 2029[1].
  • The WHO predicts that by 2025, 73% of deaths will arise from chronic diseases, which currently account for about 60% of the global burden of diseases[1].
  • Servier's overall revenue increased by 9.2% from 2021-2022 to 2022-2023[2].
  • Vertex's product revenue for the second quarter of 2023 was $2.49 billion, a 14% increase compared to Q2 2022[5].

Quotes from Industry Experts

"I think that we’re going to miss the next Keytruda. And that’s why we’re raising the points that we are." - Dave Ricks, Lilly CEO, highlighting the potential impact of regulatory changes on innovation[3].

Key Takeaways

  • The pharmaceutical drug delivery market is expected to grow significantly due to the rising prevalence of chronic diseases and technological advancements.
  • Government initiatives and reimbursement policies are crucial in driving market growth.
  • Regulatory changes, such as the Inflation Reduction Act, are compressing the economic lifecycle of brand-name drugs.
  • High pricing pressure and regulatory hurdles are significant challenges.
  • Investment in R&D remains robust despite these challenges.

FAQs

What is the projected growth rate of the global pharmaceutical drug delivery market?

The global pharmaceutical drug delivery market is projected to grow at a CAGR of 5.5% from 2024 to 2029[1].

What are the key drivers of the pharmaceutical drug delivery market?

The key drivers include the increasing global prevalence of chronic diseases, technological advancements in drug delivery systems, and the growing geriatric population[1].

How do government initiatives impact the pharmaceutical drug delivery market?

Government initiatives aimed at providing affordable healthcare and supportive reimbursement policies are facilitating the adoption of advanced drug delivery systems[1].

What are the challenges faced by the pharmaceutical drug delivery market?

Challenges include government pricing pressure, regulatory hurdles, and the high cost of advanced drug delivery devices[1].

How are regulatory changes affecting the pharmaceutical industry?

Regulatory changes, such as the Inflation Reduction Act, are compressing the economic lifecycle of brand-name drugs, impacting investment in R&D and the number of treatments available for patients[3].

Cited Sources:

  1. MarketsandMarkets, Pharmaceutical Drug Delivery Market Growth, Drivers & Opportunities.
  2. Servier, Servier confirms its 2025 trajectory to achieve its 2030 ambition.
  3. IQVIA, The Impact of the Inflation Reduction Act on the Economic Lifecycle.
  4. Statista, Pharmaceuticals - Turkey | Statista Market Forecast.
  5. Vertex Pharmaceuticals, Vertex Reports Second Quarter 2023 Financial Results.

More… ↓

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