Depression Therapeutics Market, By Drug Type [Antidepressants (Selective Serotonin Reuptake Inhibitors (SSRIs), Selective Norepinephrine Reuptake Inhibitors (SNRIs), Serotonin Modulators, Tricyclic & Tetracyclic Antidepressants, and Atypical Antidepressants), Antipsychotics, Others], By Indication (Major Depressive Disorder (MDD), Bipolar Disorder, Dysthymic Disorder, Postpartum Depression, Seasonal Affective Disorder (SAD), Premenstrual Dysphoric Disorder (PMDD), Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Sep 2023

Code : CMI1307

Pages :180

Formats :

Excel and PDF

Industry : Pharmaceutical

Market News

Global Depression Therapeutics Market: Key Developments

On July 18, 2023, Neumora Therapeutics, Inc., a clinical-stage biopharmaceutical company redefining neuroscience drug development, announced the planned initiation of the KOASTAL Program, a Phase 3 pivotal clinical program designed to evaluate the efficacy and safety of navacaprant (NMRA-140) monotherapy for the treatment of major depressive disorder (MDD). Navacaprant (NMRA-140) is a highly selective, novel kappa opioid receptor (KOR) antagonist being developed as a potential monotherapy treatment for MDD.
On January 24, 2023, Vistagen announced the first cohort of healthy volunteers has been dosed in its U.S. Phase 1 clinical trial of PH10, the company’s investigational pherine nasal spray in development for the treatment of major depressive disorder (MDD). PH10 is an investigational pherine nasal spray designed with a potential rapid-onset mechanism of action (MOA) that is fundamentally differentiated from the MOA of all currently approved treatments for depression disorders.
In March 2022, UCB, a pharmaceutical company, announced the successful completion of the previously announced transaction to acquire Zogenix for US$ 26.00 per share plus a milestone-based contingent value right for a potential cash payment of US$ 2.00 per share. The total transaction is valued at up to approximately US $1.9 billion (€1.7 billion). FINTEPLA® (fenfluramine) oral solution is a prescription medication approved in the U.S. and Europe and under regulatory review in Japan for the treatment of seizures associated with Dravet syndrome in patients two years of age and older.

Global Depression Therapeutics Market: Key Trends

Increasing Research and Development by Market Players: Market players are focused on research and development to develop new drugs for the treatment of mental health disorders, which is expected to drive the growth of the global depression therapeutics market over the forecast period. For instance, on August 23, 2023, Relmada Therapeutics, Inc., a late-stage biotechnology company addressing diseases of the central nervous system (CNS), announced the dosing of the first patient in the Relight (study 304) Phase 3 randomized, double-blind, placebo-controlled trial evaluating REL-1017 as an adjunctive treatment of major depressive disorder (MDD). The Reliance and Relight Phase 3 clinical trials advance the clinical development of REL-1017 as an adjunctive treatment for MDD which, if approved, would be mechanistically different to treatments currently available for this indication.

Global Global Depression Therapeutics Market- Cross Sectional Analysis:

Key players are gaining drug approvals from regulatory bodies, which is also expected to boost demand for depression therapeutics market in the North America region. For instance, on August 18, 2023, Neurocrine Biosciences, Inc., a Biotech company, announced the U.S. Food and Drug Administration (FDA) has approved INGREZZA (valbenazine) capsules for the treatment of adults with chorea associated with Huntington's disease (HD). INGREZZA is the only selective vesicular monoamine transporter 2 (VMAT2) inhibitor that offers an effective starting dosage that can be adjusted by a patient's healthcare provider based on response and tolerability, with no complex titration. Only INGREZZA offers simple dosing, which is always one capsule, once daily.