U.K. Cell and Gene Therapy Research Challenges Market – Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdown across the globe has negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. Likewise, COVID-19 pandemic has made significant impact on the UK cell and gene therapy market.
The cell and gene therapy development activities had slowed down in pandemic as companies had switched focus to vaccine production. The regulatory guidelines for advanced therapy medicinal products (ATMPs) is complex, with complexities in reimbursement environment, regulatory regime, and supply chain. There are issues in conduction of trials for small patient population suffering through rare diseases. These complications have increased due to COVID-19 pandemic.
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