Market News
Global Monoclonal Antibody Therapeutics Market: Key Developments
- Effective use of monoclonal antibody therapeutics for the treatment of various diseases is expected to drive the global monoclonal antibody therapeutics market growth over the forecast period
- In August 2020, Novartis AG, a manufacturer of pharmaceuticals, announced that the U.S. Food and Drugs Administration (FDA) approved Kesimpta as an injection for subcutaneous use for the treatment of relapsing forms of multiple sclerosis (RMS), to include clinically isolated syndrome, relapsing-remitting disease, and active secondary progressive disease, in adults
- In May 2021, Novartis AG, a manufacturer of pharmaceuticals, and Molecular Partners, a clinical-stage biopharmaceutical company, announced the start of the clinical trial EMPATHY, a Phase 2 and 3 study, to explore the use of its novel DARPin therapeutic candidate ensovibep (MP0420) for the treatment of COVID-19
- In January 2021, Sanofi, a multinational pharmaceutical and healthcare company, announced the acquisition of Kymab, a clinical-stage biopharmaceutical company to adding KY1005, a human monoclonal antibody targeting key immune system regulator OX40L, to its pipeline
- In October 2020, International AIDS Vaccine Initiative, a nonprofit scientific research organization dedicated to addressing urgent, unmet global health challenges, and Serum Institute of India Pvt. Ltd., a leading manufacturer of vaccines and biologics, announced an agreement with Merck KGaA, a leading science and technology company, to develop SARS-CoV-2 neutralizing monoclonal antibodies (mAbs) co-invented by International AIDS Vaccine Initiative and Scripps Research as innovative interventions to address the COVID-19 pandemic.
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