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billion in 2022. The small molecule API market is influenced by several factors, including heightened R&D within the pharmaceutical sector, a growing prevalence of chronic illnesses and rising demand for genericmedicines. This is a rise from $162.8 A compound annual growth rate (CAGR) growth of 5.9
In recent years, first generics have improved patient access to essential treatments and offered affordable treatment options for patients with multiple sclerosis, asthma, heart disease, diabetes, and even the flu. However, that percentage of multiple first generics is not very high—approximately 10.6% from 2001 to 2022.”
The state’s biotech scene exploded in the mid-2010s and early in the pandemic as exuberant investors disregarded the high failure rate in drugdevelopment and bet on buzzy technologies such as gene editing and messenger RNA vaccines. But the drumbeat of layoffs in 2022 has only grown louder this year.
How is the industry’s approach to drugdevelopment transforming? How is Waters aiding advancements in drugdevelopment? A central aim in drugdevelopment is to create new molecular entities into commercially viable drugs useful in managing diseases. What are the imperatives that led to this change?
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