SPINAL CORD INJURY THERAPEUTICS MARKET ANALYSIS

Spinal Cord Injury Therapeutics Market, By Drug Type (Corticosteroids, Muscle Relaxants and Anti-spastic Drugs, Non-steroidal Anti-inflammatory Drugs (NSAIDs), Anti-depressants, Anticonvulsants, Others), By Indication (Complete Spinal Cord Injury, Incomplete Spinal Cord Injury), By Application (Autonomic Dysreflexia (AD), Spasticity and Inflammation, Pain Management, Depression), By Route of Administration (Oral, Intravenous), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Oct 2023
Code : CMI4305
Pages :190
Formats :
Excel and PDF
Industry : Pharmaceutical

Market News

Global Spinal Cord Injury Therapeutics Market: Key Developments

In July 2023, NeuroSolv Therapeutics, a Belfast, Northern Ireland and Baltimore, U.S.-based ethical business, and AscellaHealth LLC, a global healthcare & specialty pharmacy solutions company, serving patients, life sciences manufacturers, payers, and providers, partnered to expand clinical trial development programme and accelerate regulatory approval procedures to optimize the prospect of bringing Perineline to market.
In July 2021, the U.S. Food and Drug Administration (FDA), granted Mitsubishi Tanabe Pharma Corporation, a global pharmaceutical company, fast track designation for MT-3921 from the U.S. Food and Drug Administration (FDA) for the treatment of spinal cord injury.
In August 2023, Kaneka Corporation, a Japan-based international chemical manufacturing company; initiated a Phase I/II clinical trial of human amnion-derived mesenchymal stem cells: KA-301 (hereafter, KA-301) for acute spinal cord injury. The cell preparations used in this clinical trial were manufactured using technology developed through a development project adopted by the Japan Science and Technology Agency (JST) under the Newly extended Technology transfer Program (NexTEP).
On September 25, 2023, NervGen Pharma Corporation, a clinical stage biotechnology company dedicated to developing innovative solutions for the treatment of nervous system damage, announced that the first subject has been dosed in the company’s landmark Phase 1b/2a proof-of-concept placebo-controlled clinical trial for its proprietary lead compound, NVG-291, in individuals with Spinal Cord Injury (SCI).
In September 2020, Abbvie, a company focused on discovering and delivering innovative medicines for various medical conditions, announced that the U.S. Food and Drug Administration (FDA) has granted Orphan Drug and Fast Track Designations for elezanumab (ABT-555), an investigational treatment for patients following a spinal cord injury.
Such launches and approvals are expected to propel the market’s growth during the forecast period.