Expanding Deals and Investments Underscore Burgeoning Market of Targeted Protein Degradation
The biopharma industry spends millions on small molecule drug discovery, and forecasters estimate that the market will reach $50,823.06 million in value by 2027. However, the process of bringing small molecule drugs to the clinic is long, even though their manufacturing is relatively simple.
In addition to the technical challenges, often, only one out of every 10,000 compounds go on to obtain regulatory approval. Therefore, as opposed to the conventional drugs that block protein activity, the industry is now pursuing a new type of small molecule known as “Targeted protein degraders”. This exciting technology has become a hot commodity for drug discovery, giving way to large deal-making between companies and the launch of new startups that are racking in the big bucks.