Global Biotechnology Market - Regional Analysis
Among region, North America is estimated to hold a dominant position in the global biotechnology market over the forecast period, owing to increasing launches of products. For instance, on February 11, 2022, Eli Lilly and Company, a U.S.-based pharmaceutical company, received U.S. Food and Drug Administration (FDA) Emergency Use Authorization (EUA) for bebtelovimab, an antibody that demonstrates neutralization against the Omicron variant. Bebtelovimab is used for the treatment of mild to moderate COVID-19 in adults and pediatric patients. The authorized dose of bebtelovimab is 175 mg given as an intravenous injection over at least 30 seconds.
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