- In May 2024, Atara submitted a Biologics License Application (BLA) to the U.S. FDA for tabelecleucel (tab-cel) as a proposed standalone treatment for Epstein-Barr Virus-Positive Post-Transplant Lymphoproliferative Disease (EBV+ PTLD) in both adults and children aged 2 years and older who have received at least one prior therapy. For recipients of solid organ transplants, prior treatment typically involves chemotherapy if deemed appropriate. Importantly, there are currently no FDA-approved therapies available for this specific condition, highlighting the significance of Atara's application in addressing an unmet medical need
- In May 2024, Dragonfly Therapeutics, Inc., a biotechnology firm focused on developing innovative immunotherapies, announced a clinical collaboration with Merck, known as MSD outside the U.S. and Canada. This partnership seeks to evaluate DF9001, Dragonfly's Epidermal Growth Factor Receptor (EGFR) immune engager, in combination with Merck's anti-PD-1 therapy, KEYTRUDA (pembrolizumab), for patients with advanced solid tumors expressing EGFR. This collaboration represents a strategic effort to enhance treatment options for individuals battling these challenging malignancies
- In January 2024, BIOS Health announced a partnership with the Kern Venture Group to create a precision medicine hub in Bakersfield, California. This collaboration aims to advance research and development in personalized healthcare, fostering innovation and improving patient outcomes in the region. The establishment of this hub underscores a commitment to enhancing the availability of precision medicine solutions and driving growth in the local healthcare ecosystem
- In November 2023, Bristol-Myers Squibb Company announced that the FDA granted approval for Augtyro (repotrectinib), a next-generation tyrosine kinase inhibitor (TKI), specifically for treating locally advanced or metastatic ROS1-positive non-small cell lung cancer (NSCLC). This landmark approval not only expands the company's product portfolio but also positions it to enhance revenue generation in the competitive oncology market. By adding Augtyro to its lineup, Bristol-Myers Squibb reinforces its commitment to delivering innovative therapies for patients battling difficult-to-treat cancers
- In Feb 2022, Oncodesign and SEngine Precision Medicine Inc. forged a research collaboration agreement focused on developing cutting-edge, personalized cancer therapies for patients with aggressive and untreatable cancers. This partnership aims to leverage both companies' expertise and resources to create innovative treatment options that address the urgent needs of this patient population. By working together, Oncodesign and SEngine Precision Medicine are committed to advancing the field of precision oncology and improving outcomes for those facing challenging cancer diagnoses
Frequently Asked Questions
The market is segmented based on Segmentation, By Application (Diagnostics, Therapeutics, and Others), Technologies (Pharmacogenomics, Point-of-Care Testing, Stem Cell Therapy, Pharmacoproteomics, and Others), Indication (Oncology, Central Nervous System (CNS) Disorders, Immunology Disorders, Respiratory Disorders, and Others), Drugs (Alectinib, Osimertinib, Mepolizumab, Aripiprazole Lauroxil, and Others), Route of Administration (Oral, and Injectable), End Users (Hospitals, Homecare, Specialty Clinics, and Others) – Industry Trends and Forecast to 2031
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The Global Precision Medicine Market size was valued at USD 8.25 USD million in 2023.
The Global Precision Medicine Market is projected to grow at a CAGR of 12.6% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America..
