Amgen Inc. teamed up with Generate Biomedicines to identify and develop protein therapies for five targets, help multi-specific drug design even more, and create prospective lead compounds with predictable manufacturability and clinical behavior. In addition, by combining Amgen's biologics drug discovery expertise with Generate's AI platform, they can further shorten drug discovery timelines and could generate over USD 1 billion for the Flagship Pioneering spinout.
Eli Lilly and Company collaborated with Lycia Therapeutics, Inc. to address critical unmet medical needs in Lilly's therapeutic areas of focus, such as immunology and pain, and use cutting-edge new technology to tackle difficult illness areas such as immunology and pain. Further, this collaboration will enable the development of many therapeutic modalities, including antibodies and small compounds.
Author Credits: Radhika Gupta, Shivam Bhutani
Report ID: 3968
Published Date: Feb 05, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The growing burden of cancer across the globe and the growing advancements in protein degenration therapy are the major factors driving the growth of the market.
The market size of protein degeneration therapy is anticipated to attain a CAGR of 13% over the forecast period, i.e., 2024-2036.
The major players in the market are Baxter International Inc., Eli Lilly and Company, Johnson & Johnson Services, Inc., Merck & Co., Inc., Novo Nordisk A/S, Pfizer, Inc., and others.
The oral segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.