Major companies are focused on various growth strategies such as gaining product approval from regulatory authorities, in order to expand their product portfolio. For instance, in May 2019, Incyte Corporation, a U.S.-based biopharmaceutical company, received the U.S. Food and Drug Administration (FDA) approval for ‘Jakafi’, a drug indicated for the treatment of steroid-refractory acute GVHD for adults and pediatric patients aged 12 years and above.
Key players in the market are focused in various business strategies such as gaining product approval from regulatory authorities, in order to gain competitive edge in the market. For instance, in November 2017, Merck & Co., Inc., a pharmaceutical company, received the U.S. FDA approval for PREVYMIS, which is a tablet for oral use and injection for infusion. PREVYMIS is indicated for the patients suffering from GVHD.
Key players in the market are focused in various business strategies such as gaining product approval from regulatory authorities, in order to gain competitive edge in the market. For instance, in August 2017, Pharmacyclics LLC, a biopharmaceutical company, received the U.S. FDA approval for Imbruvica (ibrutinib) drug, which will be used for adult patients with chronic graft versus host disease.