Ophthalmology is a major growth opportunity in the pharmaceutical industry
IPAC Pharmaceuticals is targeting two therapeutic areas in ophthalmology — dry eye and ocular pain — where significant unmet need exists, particularly in China/Asia.
The global eye care market is growing in size, however major pharmaceutical companies are reducing their internal R&D efforts, leaving a big gap in the development pipeline.
IPAC’s specific expertise is needed in this niche therapeutic area to develop the cutting-edge ocular products that patients are looking for.
The number of cases of eye surface conditions, such as dry eye, is increasing due to:
Targeting two niche therapeutic areas
Developing treatments for eye surface conditions provides the possibility of lower clinical/regulatory risk and the potential for speediness to market.
Filling the gap in the pipeline
Major pharmaceutical eye care companies have significantly reduced their Research & Development (R&D) efforts in order to redirect resources to late stage mergers and acquisitions. This has created opportunity for early to mid-stage clinical companies to fill the gap in R&D, create robust product pipelines, and bring more innovative treatments to patients across the world.