AstraZeneca is a large British drug manufacturer and has done numerous studies on various ailments during its time of establishment. They’ve been making money for many years on their six main focuses, one of which is cancer. However, as patients die from their health problems, the drug company may be facing a loss. In response they have decided to increase their focus on developing cancer treatments since many of the paying customers have died from their specific type of cancer.
Medications so far
Up to the present, AstraZeneca, one of the largest pharmaceutical services provider companies in the world, has been hard at work on developing several immuno-oncology drugs. These drugs work by fighting tumors, which can help people battle their cancer and survive. By concentrating on these medications, Astra-Zeneca can hopefully find the ones that work the best and get them approved so they can hit the market. This process takes some time but can help more patients survive. Though it may sound heartless, drug companies are out for the profit, just like any other business. That means that more patients means more money for them, though their life-saving medications are also a great benefit to people suffering from cancer.
Patents closing effects
When medications are in development, companies place a patent on the formulations which protect them from theft or a copycat drug as they research and conduct clinical trials. Some of the patents that the company holds are getting close to expiring. When that happens, other companies can use their public information to copy their trials and ideas. To prevent that from happening, Astra Zeneca is struggling to finish up their research on certain cancer medications so they can be approved before patents run out.
AstraZeneca certainly isn’t the only drug manufacturer out there. Many of them turn to services from firms such as G and l scientific to help them expedite their trial process. These types of companies offer assistance with research, data control and the process of sending their trial information to the FDA for approval.
The drug approval process can take years and a lot of money, so it makes sense that drug companies would want to get their trials done and approved so that they can start making a profit on their drugs.