Market News
Recent Developments
New product launches/approval
- In August 2020, Alembic Pharmaceuticals Limited, a pharmaceutical company, announced that the company had received approval from the U.S. FDA for its anti-fungal Tavaborole Topical Solution. Tavaborole Topical Solution is indicated for the treatment of onychomycosis of the toenails.
- In June 2021, Mankind Pharma, a pharmaceutical company, announced the launch of Posacoazole Gastro resistant tablets used to treat black fungus.
Acquisition
- On January 24, 2023, Sandoz International GmbH, the global leader in off-patent (generic and biosimilar) medicines, signed an agreement to acquire worldwide product rights for the leading systemic antifungal agent Mycamine (micafungin sodium, Funguard in Japan) from Astellas Pharma Inc., a Japan-based pharmaceutical company.
- In 2021, Pfizer Inc. announced that it had acquired Amplyx Pharmaceuticals, Inc., a privately-held company dedicated to the development of therapies for debilitating and life-threatening diseases that affect people with compromised immune systems. Amplyx Pharmaceuticals, Inc’s lead compound, Fosmanogepix (APX001), is a novel investigational asset under development for the treatment of invasive fungal infections.