An overwhelming need.
The vast and growing drug market is powered by
robust fundamentals – strong demand fueled by an aging population of solvent customers increasingly valuing health care.
Patients need and want
novel drugs:
- for life-threatening diseases for which there is currently no satisfactory therapy
(heart diseases, cancers, brain diseases, diabetes, orphan diseases)
- to combat against
novel infectious agents
(HIV, SARS, West Nile virus, avian flu, etc.)
- for
quality-of-life pathologies
(obesity, reproductive function, etc.)
- for currently-met medical needs, because of drug resistance or drug withdrawals
(antibiotics, HIV; arthritis & pain, multiple sclerosis, etc.)
Pharmaceutical companies also need to bring
novel medicines to market in order to sustain their growth, as they are
losing patent exclusivity on, and
revenue from, many of their branded drugs.
Competition from generics firms is intensifying, and early challenges to still-valid patents are becoming increasingly frequent.