DCAT Value Chain Insights
July 5, 2016
By Patricia Van Arnum
Given the high cost of new drug development, pharmaceutical companies, researchers, and other organizations are looking for innovative ways to reduce time and costs. Drug repurposing and repositioning hold some answers.
Companies, such as Sanofi and Astellas Pharma, have recently announced external partnerships and increased internal focus on drug repurposing and repositioning. Drug repurposing refers to studying drugs that are already approved to treat one disease or condition to see if they are safe and effective for treating other diseases. Drug repositioning refers to taking a pharma pipeline compound already shown to be safe for human use and finding new indications that can be studied to expand a compound’s value. Industry estimates place the market for repurposed drugs at $24.4 billion in 2015 with projections that it could reach $31.3 billion in 2020. So how are pharmaceutical companies, researchers, and other organizations responding? DCAT Value Chain Insights (VCI) examines recent developments.