RE: Potential Takeover10 Apr 2022 16:12
'Pharma Licensing: Why & How?
The development of new drugs is becoming more expensive and needs infrastructure and efficient resources so, licensing collaborations are becoming a favorable option for many global pharmaceutical companies. These licensing options help companies offset to research and development investments and bypass the cumbersome innovation and development process.
As per the global data, in the pharmaceutical industry, the value of the licensing deal exceeded USD 40 billion in 2020. And from this data, the cancer-related assets account for more than half, with four in the cancer immunotherapy area. The complete cancer deals have a value of almost $24 billion out of which a total of just over $40 billion overall.
In the year 2020, here are the top 15 licensing deals between the global pharma players.
AstraZeneca/Daiichi Sankyo
Merck & Co/Seattle Genetics
AbbVie/Genmab
Biogen/Sage Therapeutics
Biogen/Sangamo
Sanofi/Nurix
Merck & Co./Astex/Taiho
Biogen/Denali
Innovent Biologics/Roche
CSL Behring/uniQure
Neurocrine/Takeda
Alnylam/Blackstone
AbbVie/I-Mab
Roche/Blueprint
Eli Lilly/Innovent
Licensing novel molecules and technologies is a relatively new evolving scenario in the global pharma Industry. It helps pharma companies formulate new product strategies having aggressive growth plans at the national and global levels.
There are many key reasons why the innovators (pharmaceutical, biotechnology, or any medical equipment developers) consider this method to move their invention forward.
Some reasons are
To simplify their expansion operations into new markets without having to do it themselves, or
To increase sales or merely to spread the product’s image to a different geographic location.'
https://credevo.com/articles/2021/06/25/pharma-licensing-why-how/