Toshwings22 May 2018 15:09
You can argue with the Hardman report
Commercial opportunity
Scancell is operating in a very competitive environment. However, despite all the
research and commercialisation of new drugs, there is still a desperate need for new
effective cancer drugs associated with low toxicity. Therefore, the fact that Scancell
has two novel complimentary and proprietary platforms indicates that the company
is well positioned in this complex field.
Based on ex-factory sales of 110 branded cancer drugs, Hardman & Co estimates that
underlying growth in the global oncology market was +8-9% in 2015, worth
$104.5bn. Over the last 10 years, the global oncology market showed +9.0% CAGR.
Over this period, the market was driven by sales of immunotherapy drugs led by the
antibodies, which represented an estimated 27% of the market in 2015. Given the
scale of current development programmes, Hardman & Co expects the historic
growth rate of +8-9% compound to be maintained for the foreseeable future and is
forecasting that the oncology market will grow to $154-161bn in 2020.
With its two differentiated platforms that can be applied to many types of cancer,
Scancell�s products will become part of the overall immunotherapy segment of the
market which is clearly a multi-billion dollar opportunity.