The monopoly held by the large pharmaceutical companies within drug discovery could be falling into the hands of biotechnology firms claims Frost and Sullivan.
Biotechnology is taking over the pharmaceutical stronghold
The monopoly held by the large pharmaceutical companies within drug discovery could be falling into the hands of biotechnology firms claims Frost and Sullivan. The consultancy company's report, Biochips Technology Redefines Process of Drug Discovery, states that biochip manufacturers are encouraging end users to accept the new technology by providing novel and effective solutions.
In return for the offers provided by the biochip manufacturers, drug discovery companies are slowly incorporating the technology into the product pipeline, which is aimed at reducing timelines and attrition rates. Drug targets can be identified and prioritized quickly with the technology because biochips have the ability to confirm several gene expressions at the same time.
However, the innovative nature of the technology is not enough to cause widespread uptake, which is currently slowed by the cost. Potential customers are unsure if the benefits outweigh the initial price. Nevertheless, this market is predicted to grow by 25% from 2004–2011, with higher growth expected in the protein section because of the nature of drug targets.
Drug Solutions Podcast: A Closer Look at mRNA in Oncology and Vaccines
April 30th 2024In this episode fo the Drug Solutions Podcast, etherna’s vice-president of Technology and Innovation, Stefaan De Koker, discusses the merits and challenges of using mRNA as the foundation for therapeutics in oncology as well as for vaccines.
Pharmaceutical Tariffs Are Imminent: How Industry is Bracing for Impact
April 16th 2025On April 14, 2025, the Trump Administration launched a national security-driven investigation into pharmaceuticals, a move that will likely result in tariffs being placed on pharmaceutical drugs, ingredients, and other components that are imported from outside of the United States.