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Drug discovery quarterly review: Second quarter 2023  

Drug Discovery World

As the second quarter of 2023 draws to a close, DDW’s Megan Thomas reviews key updates and results from three top pharmaceutical companies. Business updates Pfizer reported second quarter 2023 revenues totalling $12.7 billion, a decrease of $15.0 at CER and business EPS growth of 8.1% Specialty care grew 11.8% Vaccines were up 9.1%

Vaccine 147
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Three trends in the antibody-drug conjugate (ADC) market 

Drug Discovery World

A Nature publication confirmed that there are currently 12 FDA-approved ADCs on the market, and nine of these secured FDA approval in the past six years 2. A market research report published in late June 2018 by HTF market Intelligence Consulting suggested that the ADC market in China would grow exponentially by 2023 4.

Marketing 245
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Antibody treatment for geographic atrophy enters clinical trials

Drug Discovery World

Boehringer Ingelheim and CDR-Life entered a licensing agreement in May 2020 and announced the selection of an antibody fragment-based therapeutic candidate in September 2021. GA is an irreversible retinal disease that occurs in people with late-stage dry age-related macular degeneration (AMD).

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Which diseases are poised to benefit from therapeutic antibody development

Drug Discovery World

billion by 2031, growing at a CAGR of 7% from 2022 to 2031 2 , but is also reflected in data by The Antibody Society, which shows that of the over 100 approved mAbs, around 40% are for cancer 3. Earlier in 2023, a mAb to prevent Covid-19 in vulnerable patients, AZD3152, entered clinical trials less than 12 months after its discovery.

Disease 147
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ADCs: the next generation of targeted therapies 

Drug Discovery World

Figure 1: Major deals involving ADCs- 2024 Figure 2: Examples of FDA-approved ADCs – 2024 These include Johnson & Johnson’s $2 billion purchase of ADC specialist Ambrx in January, Genmab’s $1.8 billion buy of ProfoundBio in April, and Ipsen’s $900 million deal with Sutro for anticancer ADC STRO-003, also in April.

Therapies 162
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Deuruxolitinib

New Drug Approvals

Deuruxolitinib C 17 H 18 N 6 , 314.422 Fda approved Leqselvi , 7/25/2024, To treat severe alopecia areata C-21543, CTP 543, CTP-543, CTP543 (3r)-3-(2,2,3,3,4,4,5,5-d8)cyclopentyl-3-(4-(7h-pyrrolo(2,3-d)pyrimidin-4-yl)-1h-pyrazol-1-yl)propanenitrile 1h-pyrazole-1-propanenitrile,beta.-(cyclopentyl-2,2,3,3,4,4,5,5-d8)-4-(7h-pyrrolo(2,3-d)pyrimidin-4-yl)-,

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Palopegteriparatide

New Drug Approvals

1] Palopegteriparatide was approved for medical use in the European Union in November 2023, [2] and in the United States in August 2024. [1] 5] The FDA granted the application for palopegteriparatide orphan drug and priority review designations. [5] Archived from the original on 10 December 2023. 20 November 2023.

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