Abstract
This report focuses on the market for biomarkers and tests used in pharma/
biotech drug R&D. The study reviews the market by looking at key alliances,
pharma/ biotech research and development spending, trends, major diseases,
applications and technologies. The research analyzed the future direction of
biomarkers and related ' -omic' or pharmacogenomic (PGx) tests used in drug
R&D. This report estimates the worldwide market value and growth (CAGR) of
biomarkers and tests for pharma/ biotech R&D for the next five years.
Research-based pharma/ biotech companies face numerous challenges that are
being overcome with newer business strategies or approaches that are discussed
in this report. This business area is set for strong continued growth as
biomarkers and tests in drug R&D enable new opportunities.
The report discusses ongoing government initiatives that foster worldwide
development in targeted therapeutics, biomarkers and personalized medicine
opportunities. Their expectation is to streamline commercializing new, safer,
drugs and co-developed tests by integrating biomarkers and PGx tests into the
critical path of drug R&D.
Traditional clinical trial designs will undergo key changes that integrate
biomarkers and tests to provide more useful information in order for drug
makers to make better product decisions. Some drug company executives expect
biomarkers to enable a ' sea change' in how new drugs are developed as the
blockbuster business model fades and transitions to new focused therapeutic
approaches that gain traction in a few years.
Targeted therapies such as Herceptin, Gleevec, Erbitux, or Irressa are among
new drug products that work in just a sub-set of patients that pass special
pharmcogenomic tests designed for each product. Many drug companies are
routinely using biomarkers in R&D and are increasingly adding drug-test
projects to their product pipelines. The era of personalized medicine has
arrived.
This study uses more than 42 figures and tables to illustrate its useful
findings. The report offers detailed information including data tables about
strategic alliances, technologies and so on. Thirty-one leading companies are
profiled with details such as contact information, business overview,
financial details and product information.
This report would benefit people with job titles including CEO, VPs, Director
of Business Development, Research Directors, Entrepreneurs, Venture
Capitalists, Investment Planners, Research Scientists, Consultants or Industry
Analysts.
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