14 May 2020
According to a new report, in 2019 the US Food and Drug Administration (FDA) accepted 119 New Drug Approvals (NDAs) and Biologics License Applications (BLAs) including New Molecular Entities (NMEs) and new formulations of older drugs.
Conducted by Globaldata, the research highlights that this figure represents a three percent increase over the 2014–2018 period average of 115 approvals, but is a 16 percent decrease from 2018’s 137 approvals.
The outlet says that small cap companies have traditionally had a higher chance of outsourcing their manufacture than other market cap groups. The report findings correspond to that trend, although it also found that outsourcing propensity fluctuates yearly depending on product count. Over the last 10 years, 79 percent of NMEs and 67 percent of non-NME NDAs sponsored by small caps were outsourced.
In 2019, 44 FDA NDAs were outsourced to contract manufacturers, a figure much lower than the 2014–2018 average of 55.6.
“Apart from a large proportion of approvals being sponsored by mega cap companies, the number of FDA novel approvals had also declined since 2018, with the US government shutdown in January 2019 causing a reduction in FDA approvals in 2019, where the FDA suspended reviews of existing Investigational New Drug (IND) and BLA applications. These factors combined account for the low number of outsourced products,” said Adam Bradbury, Associate Healthcare Analyst at GlobalData.
According to the report, historical findings suggest that the large proportion of mega cap approvals will not be a persistent and sustained trend and that the proportion of this group’s NDA approvals will fluctuate from year to year.Print
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