Press Release
Press Release
The rising approval of generic liposomal doxorubicin products by regulatory agencies is likely to raise demand for the drug, driving the growth of the market. Owing to its physicochemical features, which allow for high drug entrapment and facile remote loading in pre-formulated liposomes, doxorubicin is the most widely used chemotherapeutic agent in the market. The market growth can be associated with robust research and development (R&D) for evaluating various liposomal applications. Doxil®, pegylated liposomal doxorubicin that has been clinically approved and is available on the market, exhibits the benefits of liposome surface modification with polyethylene glycol. Thus, these are some of the factors contributing to the growth of the market.
In 2020, Zydus Cadila (NSE: CADILAHC), a significant player in the global market for liposomal doxorubicin, gained FDA clearance to market doxorubicin hydrochloride liposome injectable (US RLD: Doxil) single-dose vials in the strengths of 20 mg/10 mL (2 mg/mL) and 50 mg/25 mL (2 mg/mL). Dr. Reddy's Laboratories Ltd (NYSE: RDY) stated in March 2017 that it had gained FDA permission to market doxorubicin hydrochloride liposome injection in the United States, which is a generic version of Janssen Products' Doxil (doxorubicin hydrochloride liposome injection). Doxorubicin hydrochloride liposome injection is used to treat ovarian cancer patients and is delivered intravenously. Such developments are likely to continue aiding the market in the forecast period.
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The major players in the global market for global liposomal doxorubicin are Pfizer, Inc., Sun Pharmaceutical Industries Ltd., Cipla, Inc., Teva Pharmaceuticals Industries Ltd., and Janssen Products, LP, 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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