Confirmed presentation title: "Covering all the bases - why a contemporary manufacturing strategy is key to strategic drug development"
Short abstract: In this presentation, Vetter expert Johannes Clemens offers his expertise and insight on the healthcare market, current manufacturing and commercialization strategies in drug development including vials, syringe/cartridges, as well as newer devices. By attending this presentation, you will:
- Gain an understanding of the biologics market and how it is affecting the increase in injectables.
- Learn about the exceptions to traditional approaches to manufacturing and packaging including those necessitating accelerated drug development trials or biosimilars.
- Learn about commercialization strategies involving different device strategies and what must be taken into consideration in order to make the right decision.
Learning Objective 1 – The rapid increase in biologics has changed the healthcare market. Market dynamics, particularly the increase in the biologic sector will continue to affect the global healthcare market.
Learning Objective 2 – Innovation in new drug development is largely being driven by smaller companies and has an impact on the CMO industry, and therefore, packaging strategies.
Learning Objective 3 – A variety of manufacturing strategies are available that best fit your drug compounds. A decision on which one to choose is largely based upon your product attributes, market requirements and commercialization strategy.
Long abstract: A strong growth in biologics is behind a rapid growth in injectable drugs
The share of sales revenue for injectable drug products is growing and is expected to continue growing over the next several years, at least until 2021. In fact, the compound annual growth rate, or CAGR, for injectable compounds is projected to outperform oral dosage forms of drugs during this time period by a significant margin; 8.1% for injectables versus 5.8% for oral products. And, while there are more oral products on the market today than there are injectables, the pipelines of today’s pharmaceutical and biotechnology companies are primarily filled with injectable products. In fact, the number of injectables among the top 10 pharma products has increased in just 10 years from 1 product in 2004, to 5 in 2009, to 7 products in 2014. This shift occurring in the top rank of pharmaceutical products is likely to remain for some time since injectable products rank far ahead of oral products in existing pipeline programs. This is primarily due to two factors. First, the rapid increase in biologic products since injection for such compounds is the only route of administration and, second, the evolution of new devices for injection of drugs to meet the needs of increased chronic conditions.
Meanwhile, innovation in new drugs is being driven by small companies, with large pharmaceutical companies looking to acquire their innovation. And the competition is fierce. Currently, more than 50% of drugs in phase 3 development must compete with at least one rival product. One of four products in this phase of development will have to compete for market share against three other drugs or more. To succeed in this increasingly competitive market companies must increase efficiency, optimize manufacturing processes, and increase their competitiveness through advanced delivery systems. And, when considering packaging and manufacturing strategies, companies must consider a number of factors, not the least of which is the product atttibutes, market requirements and commercialization strategy.
In this presentation, Vetter expert Johannes Clemens offers his expertise and insight on the healthcare market, current manufacturing and commercialization strategies in drug development including vials, syringe/cartriges, as well as newer devices. By attending this presentation, you will:
- Gain an understanding of the biologics market and how it is affecting the increase in injectables.
- Learn about the exceptions to traditional approaches to manufacturing and packaging including those necessitating accelerated drug development trials or biosimilars.
- Learn about commercialization strategies involving different device strategies and what must be taken into consideration in order to make the right decision.
Learning Objective 1 – The rapid increase in biologics has changed the healthcare market. Market dynamics, particularly the increase in the biologic sector will continue to affect the global healthcare market.
Learning Objective 2 – Innovation in new drug development is largely being driven by smaller companies and has an impact on the CMO industry, and therefore, packaging strategies.
Learning Objective 3 – A variety of manufacturing strategies are available that best fit your drug compounds. A decision on which one to choose is largely based upon your product attributes, market requirements and commercialization strategy.