Novartis announced that the U.S. Food and Drug Administration (FDA) had granted commercial authorization for a multi-product gene therapy manufacturing facility in Durham, North Carolina. This approval allows the 170,000 square foot state-of-the-art facility to manufacture, test and commercialize Zolgensma, as well as produce gene therapy products for current and future clinical trials.
Amgen announced the completion of its acquisition of Teneobio, Inc. was previously announced with a cash payment of $900 million. The acquisition includes Teneobio's proprietary specific and multispecific antibody technologies, which complement Amgen's existing antibody capabilities and the BiTE platform, and will enable significant acceleration and efficiency in the discovery and development of new molecules.
Author Credits: Radhika Gupta, Shivam Bhutani
Report ID: 5327
Published Date: Oct 18, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing prevalence of cancer and growing technological advancement are some of the major factors anticipated to drive the growth of the angiosarcoma treatment market.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2024-2036.
The major players in the market are of Bayer AG, GlaxoSmithKline plc., Sanofi S.A., Amgen Inc., Merck & Co. Inc., AbbiVie Inc., Eli Lilly and Company, Bausch Health, and others.
The surgery segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.