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The market is being fuelled by the growing utilisation of immunotherapy drugs in cancer treatment. With the surging attempts to boost the effectiveness and accessibility of innovative drugs, the market for immunotherapy drugs is growing rapidly. Various innovative immunotherapy drugs are increasingly approved for use by health authorities across the globe, which is invigorating the growth of the market. The increasing research and development (R&D) activities to enhance the effectiveness of immunotherapy drugs are also propelling the growth of the market. Moreover, the emergence of innovative protein-based immunotherapy drugs to facilitate off-the-shelf cancer treatments is anticipated to provide lucrative growth opportunities to the market expansion in the forecast period.
AbbVie Inc. (NYSE: ABBV), one of the leading companies in the market, announced a strategic partnership with Tizona in January 2019. Under the partnership, the company would commercialise and develop CD39-targeted therapeutics such as TTX-030, which is a first in-class antibody for the treatment of cancer. As CD39 is responsible for the initial steps in the conversion of immune stimulatory extracellular ATP to immune-suppressive adenosine in the TME, TTX-030 efficiently targets this pathway. Moreover, the monoclonal antibody accelerates the conversion of ATP to AMP and prevents the formulation of immune suppressive extracellular adenosine. It also hinders the degradation of ATP while enabling the stimulation of dendritic and myeloid-derived cells that are crucial for adaptive immunity. Such partnerships and developments by the leading companies are propelling the growth of the market for immunotherapy drugs.
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The major players in the global immunotherapy drugs market are AbbVie Inc., Amgen Inc., AstraZeneca PLC, GlaxoSmithKline PLC, and F. Hoffmann-La Roche AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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