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Growth in Clinical Trials is Expected to Support Market Expansion
In May 2024, a clinical-stage biopharmaceutical company Azitra Inc., presented robust preclinical data on its candidate for Netherton syndrome, ATR-12, at ASGCT (American Society of Gene and Cell Therapy) Baltimore. It was revealed that the topical application of ATR-12 to ex vivo human skin shows the potential for superior LEKTI delivery as compared to topical LEKTI application. The preclinical data also demonstrated that the drug candidate reduced the pro-inflammatory cytokine IL-36γ that drives Netherton syndrome by 93%, thus supporting the rationale behind their Phase 1b clinical trial in Netherton syndrome patients. The rising number of such clinical trials to develop effective therapies for this rare genetic disorder is expected to accelerate market growth.
Strategic Partnerships Poised to Boost the Market Share
One of the major market trends is the rise in strategic partnerships among the key market players to expedite the introduction of promising treatment therapies in healthcare settings for Netherton syndrome patients. In July 2022, it was reported that Endo International plc’s subsidiary Endo Ventures Limited signed an agreement with specialty pharmaceutical company Quoin Pharmaceuticals Inc. to develop, register, supply, commercialize, and facilitate distribution of Quoin's lead product for Netherton syndrome, QRX003, on an exclusive basis in Canada. Once it receives market approval, Paladin Labs Inc., an operating company of Endo, will handle all the commercial activities for the drug candidate in Canada. Such collaborative initiatives are projected to amplify market demand by catalyzing the development and commercialization of therapeutic products that treat this rare disease.
Growing Investments in Rare Disease Research is Likely to Elevate Netherton Syndrome Market Value
Pharmaceutical companies and research institutions are showing increasing interest in rare diseases like Netherton Syndrome, leading to more funding and research aimed at finding effective treatments. Recent research indicates that investments in developing rare disease therapies have increased in terms of dollar value and new drug candidates, influencing the market value. These rising funding initiatives can be attributed to extended exclusivity periods, accelerated clinical development, and incentives for pediatric drug development, among others.
Increasing Awareness and Diagnosis Rates Impact Netherton Syndrome Market Demand
The market is witnessing an increasing awareness among the public as well as healthcare providers regarding rare diseases, including Netherton Syndrome, which is resulting in higher diagnosis rates. Early diagnosis increases the demand for treatment therapies and is also crucial for managing the condition effectively. Further, the rising improvements in diagnostic technologies, including next-generation sequencing and skin biopsy analyses, are facilitating accurate and faster diagnosis of Netherton Syndrome.
Netherton Syndrome Market Size
Netherton Syndrome Market Growth
Netherton Syndrome Market Trends
Netherton Syndrome Market Share
Netherton Syndrome Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124