Decision Resources, Inc., one of the world's leading research and advisory firms focusing on pharmaceutical and health care issues, finds that Pfizer/EyeTech's Macugen will make a big impact in the age-related macular degeneration drug market.
"In December 2004, the FDA approved Macugen (pegaptanib) for use in the treatment of wet age-related macular degeneration," said Kat Lynch, analyst at Decision Resources, Inc. "Macugen is not only the first drug in its class to gain approval for age-related macular degeneration, but it is also the first agent to gain U.S. approval for the treatment of any choroidal neovascularization lesions in wet age-related macular degeneration patients."
The new Pharmacor study entitled Age-Related Macular Degeneration also finds that launches of novel drug therapies will prompt a dramatic increase in the drug-treated population, which will increase nearly sevenfold from 107,000 patients in 2003 to approximately 750,000 patients in 2013 in the major pharmaceutical markets.
About Age-Related Macular Degeneration
As a vision-threatening disease affecting an ever-growing aging population, age-related macular degeneration presents developers of innovative drug therapies with considerable potential for commercial success. Expansion of the drug-treated patient pool and increasing use of photodynamic therapy in combination with one or more emerging therapies will expand the age-related macular degeneration market from $275 million in 2003 to nearly $2.3 billion in 2013.
Wet Versus Dry
Wet age-related macular degeneration is characterized by abnormal blood vessel growth under the retina. Dry age-related macular degeneration is characterized by thinning (atrophy) of part of the retina. Currently, no therapies are available to treat dry age-related macular degeneration.
About Pharmacor from Decision Resources
Pharmacor is a unique family of studies that assesses a host of market- impacting factors and analyzes the commercial outlook for drugs in research and development.
About Decision Resources
Decision Resources, Inc., (http://www.decisionresources.com/) is a world leader in market research publications, advisory services, and consulting designed to help clients shape strategy, allocate resources, and master their chosen markets.
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SOURCE: Decision Resources, Inc.
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