See What’s Possible in Packaging & Processing @ PACK EXPO International
See packaging & processing solutions from 2,600 exhibitors and gain insights from 150+ free educational sessions at PACK EXPO International.
REGISTER NOW & SAVE

Create a free Packaging World account to continue reading

Biologics account for nearly half of the top-revenue producing drugs with a low-volume of production

A study from PMMI Business Intelligence, released in Fall of 2016, reports the global biologics market was $246 billion in 2015 and is expected to claim 27% of the global market for drugs in 2019.

Pharma vs. Bio Global Market Share
Pharma vs. Bio Global Market Share

Forty percent of drugs in clinical trials are now biologics. One reason for growth is the shift from the traditional vial/syringe format to pre-filled, single-dose and self-administered alternatives like injectable pens.

In February of 2015 the FDA approved the first biosimilar in the U.S., six years behind Europe. Two more were approved here in the U.S. in 2016. Also known as subsequent entry, or follow on biologics, these competitors do not share the original source material, rather than generics for pharma which can have the same chemical formula.

These biologics and biosimilars usually require some temperature management packaging/monitoring that can move through the supply chain to final destination.

Source: PMMI Business Intelligence, Pharmaceuticals and Medical Devices 2016: Trends and Opportunities in Packaging Operations.

Click here for the entire 58-page report: http://www.pmmi.org/Research/ResearchTrends.cfm?ItemNumber=33156

Retail multipack suppliers, all in one place
25+ vetted systems for cups, tubs, and bottles — shrink, paperboard, banding, clip, and more. Free download.
Read More
Retail multipack suppliers, all in one place
Discover How to Stay Ahead of the Competition at PACK EXPO International
See new solutions from 2,600 exhibitors. Gain insights from 150+ free educational sessions. From automation & robotics to real-time data insights, find the tech for your company’s future at North America’s largest packaging & processing event.
REGISTER NOW & SAVE
Discover How to Stay Ahead of the Competition at PACK EXPO International