The Olaparib API market is growing due to capacity expansions and regulatory approvals, with significant investments in cancer treatment research.
The olaparib API market study currently being conducted by Fact.MR forecasts a relatively high growth trajectory through FY 2021-22, amid accelerating cancer treatment research pace by prominent pharmaceutical giants. The market experienced a blip amidst the COVID-19 pandemic crisis, with data exhibiting a 60% decline in new clinical trials. However, a resurgence is being experienced as supply chains revert to normal, heightening expansion prospects.
According to Fact.MR, the olaparib API market is interspersed with a multitude of investments, including development of drug candidates to capacity expansion initiatives. For instance, global pharmaceutical giant Seqens launched a US$ 35 million specialty production unit at its Villeneuve-la-Garenne site in France in 2020 for this purpose. Additionally, regulatory approvals are playing an imperative role in defining the market’s success.
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Key Takeaways from Fact.MR’s Olaparib API Market Study
Olaparib API Market- Prominent Drivers
Olaparib API Market- Key Restraints
Discover more about the olaparib API market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/5279/olaparib-api-market
Competitive Landscape
According to Fact.MR, the following pharmaceutical players are active in the olaparib API landscape: Pfizer Inc., AstraZeneca Plc, Novartis AG, MSN Laboratories Pvt. Ltd., ALP Pharm Beijing Co. Ltd., ScinoPharm Taiwan Ltd., Transo-Pharm USA LLC., Exelixis Inc. and Alembic Pharmaceuticals Ltd. among others.
Launching new drug formulations, conducting extensive R&D and capacity expansion are some prominent expansion measures adopted by the aforementioned players. In December 2020, AstraZeneca Plc. and MSD’s Lynparza (olaparib) was approved for treatment in Japan for advanced ovarian, prostate and pancreatic cancers. These approvals authorize usage for maintenance treatment post-bevacizumab administration for all three cancers.
In March 2021, Exelixis Inc. collaborated with WuXi Biologics for an exclusive license agreement supporting the continued expansion of Exelixis’ oncology biologics pipeline. The initiative is poised to help the company build out its pipeline behind CABOMETYX® (cabozantinib), its flagship product, along with olaparib APIs.
More Insights on the Olaparib API Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global olaparib API market, presenting historical demand data (2016-2020) and forecast statistics for the period, 2021-2031. The study divulges compelling insights on the oaparib API market based on indication (ovarian cancer, breast cancer, pancreatic cancer, prostate cancer and others) and end-user (contract manufacturing organizations (CMOs), contract developers & manufacturing organizations (CDMOs) and pharmaceutical companies) across eight major regions (North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, China, Japan and Middle East & Africa).
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The post Olaparib API Market Growth reliant on Capacity Expansion, Regulatory Approvals of Key Drug Candidates appeared first on Latest Market Reports.
The article discusses the growth of the Olaparib API market, focusing on capacity expansion and regulatory approvals.
The US market is lucrative due to its robust pharmaceutical research network.
High cancer incidence and increasing regulatory approvals drive market growth.
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