The coronavirus (COVID-19) is an infectious disease caused by the novel coronavirus. Those affected by COVID-19 are likely to experience mild to moderate respiratory illness and recover without requiring special treatment, but people in the age group of 50 years and above, and those and suffering from other health disorders such as hypertension, diabetes, and kidney failure are at a severe risk of infection and require specific treatment.
COVID-19 is becoming more common over the world. An increase in the number of clinical studies conducted by significant players and academic institutions
The global Coronavirus Treatment Pharmaceuticals Market is predicted to be worth US$ 15,912 million in 2020, with a CAGR of 17.5% over the forecast period (2020-2027).
Top Companies in the Coronavirus Treatment Drugs Industry:
1. Pfizer Inc.: American headquarters in New York. Built in 1848. One of the biggest pharmaceutical companies in the world, Pfizer with yearly sales of around $50 billion (excluding COVID-19 product sales). The company used to sell a wide variety of chemicals and healthcare items, but today the majority of its sales come from prescription medications and vaccinations. Arena Pharmaceuticals, Inc., which is in the clinical stages of developing novel therapeutic treatments for the treatment of multiple immuno-inflammatory illnesses, and Pfizer Inc. announced today that the two businesses have entered into a binding agreement under which Pfizer would acquire Arena.
2. AstraZeneca plc: AstraZeneca was created in 1999 through the union of the Swedish company Astra with the British company Zeneca Group. The company sells branded medications in a number of important therapeutic categories, including those for gastrointestinal, diabetic, cardiovascular, respiratory, cancer, immunology, and rare disorders. Nearly one-third of its sales originate from the United States, which is one of the largest foreign markets. Located in England, in the United Kingdom. CinCor Pharma will be acquired by AstraZeneca to bolster its cardiorenal pipeline.
3. Cadila Healthcare Limited: Established in 2005. United States headquarters.Manufacturer and distributor of pharmaceutical goods and chemicals that support patients' efforts to treat and manage illnesses, combat infections, and enhance their general well-being. The company provides patients with top-notch healthcare solutions that enable them to live healthier and more fulfilling lives by providing calcium pills, salt injections, ointments, dinitrate tablets, paricalcitol capsules, and more.
4. Johnson & Johnson: Johnson & Johnson Innovation's JJDC oversaw the Johnson & Johnson Development venture capital fund. The fund made investments in the United States and was based in New Brunswick, New Jersey. It focused on the pharmaceutical, biotechnology, and life science industries as well as medical equipment and supplies. Built in 1998. Admin centre in the U.S. There have been 25 investments and 47 acquisitions by Johnson & Johnson. Over $ 104.54 billion has been spent by the company on acquisitions. Johnson & Johnson has made investments in a variety of industries, including healthcare IT, platforms and tools for the life sciences, and disorders of the heart and vascular system.
5. Modern: Moderna is a commercial-stage biotech company that was started in 2010 and went public in December 2018. The company's mRNA technology was quickly verified with its COVID-19 vaccine, which was approved in the US in December 2020. As of early 2022, Moderna has 44 mRNA development programmes, 25 of which were in clinical trials. Infectious disease, cancer, cardiovascular disease, and uncommon genetic diseases are among the therapeutic areas covered by the programmes.
6. Dr. Reddy's Laboratories: Established in 1984. Dr. Reddy's Laboratories is an Indian company with global operations that develops and produces generic pharmaceuticals. The business specialises in active pharmaceutical ingredients and low-cost, easily manufactured small-molecule generic medications. The most recent acquisitions are Habitrol (Dec 2014), Nimbus Health (Feb 2022), and Cidmus (Apr 2022).
7. Merck & Co., Inc.: The three primary business sectors of Merck KGaA are life sciences, performance materials, and healthcare. Researchers in academia and applied disciplines, such as the biopharmaceutical business, are supplied with laboratory supplies and equipment by the life sciences section. Established in 1891. German headquarters in Darmstadt. A legally binding deal has been struck by Merck to buy the chemical division of Mecaro Co. Ltd. (Mecaro), a publicly traded Korean manufacturer of heater blocks and chemical precursors for semiconductors.
*Definition: Coronavirus disease (COVID-19) is an infectious disease caused by the SARS-CoV-2 virus.
