ILOPROST DRUGS MARKET ANALYSIS

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Moreover, various merges, agreements and acquisitions of major companies are likely to propel the market growth. For instance, in January 2017, Acetlion announced that Johnson & Johnson will be acquiring the firm including its marketed products in pulmonary arterial hypertension franchise.

Furthermore, increasing number of players are focusing on developing this drug, in order to, which is also contributing to the market growth over the forecast period. For instance, in 2018, according to the National Institute of Health, approximately15 clinical trials involving Iloprost were active globally. For instance, in November 2015, the National Cancer Institute initiated a phase I clinical trial for evaluating iloprost in preventing recurrence of lung cancer for patients who smoke and the study is expected to complete in 2020.

North America accounted for the largest market share in 2018, owing to mergers, agreements, and acquisitions by key players in the region. For instance, in August 2019, VisionGate, a U.S. -based oncology pharmaceutical and diagnostics company, received an exclusive worldwide right and license from Bayer AG for the technology to develop, manufacture, sale, and commercialize iloprost betadex clathrate in the field of lung cancer treatment and prevention. Also, in 2012, Bayer AG collaborated with Vectura to develop Breelib, which is a hand held nebulizer device designed for improved delivery of Bayer’s Ventavis (iloprost).