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Asthma market to reach $23.1 billion due to targeted biologics

BY Michael Johnsen

LONDON — The asthma treatment market value will grow from approximately $15.9 billion in 2013 across eight major countries — the United States, United Kingdom, France, Germany, Spain, Italy, Japan and Australia — to $23.1 billion by 2023, according to research and consulting firm GlobalData.
 
The company’s latest report states that this increase, which represents a compound annual growth rate of 3.8%, will be driven largely by the expanding share of targeted biologics in the treatment of severe asthma.
 
“While the market share of fixed-dose combinations of inhaled corticosteroids and long-acting beta-agonists will shrink from almost half to 23%, targeted biologics will enter the market and start dominating the asthma space, accounting for 32% of total sales in 2023 from just 8.7% in 2013," stated Valentina Gburcik, senior analyst for GlobalData. “The uptake of these novel drugs will offset the dip in sales caused by the recent patent expiry of Singulair, and that of numerous short-acting beta-agonist, ICS, and ICS/LABA products.”
 
The current late-stage asthma pipeline is dominated by biologics that target various inflammatory pathways in specific patient subpopulations. GlobalData states that the companies with the strongest drug pipelines are GlaxoSmithKline, AstraZeneca, Teva, Roche and Regeneron/Sanofi.
 
“While the subpopulations targeted by pipeline biologics are limited in size, these novel agents will begin to fulfill the important unmet need for a personalized approach to the treatment of severe asthma," Gburcik said. “Despite the development of these biologics, a significant growth opportunity will persist for new patented products, especially lower-priced drugs with more convenient dosing, which will improve patient compliance.”
 
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Google tests drone delivery in Australia

BY Michael Johnsen

 
 
MOUNTAIN VIEW, Calif. — Google last week announced that it has been testing a small fleet of drones in Australia in an effort to remove "the friction of moving things around" as part of an initiative called "Project Wing."
 
"Project Wing aspires to take another big chunk of the remaining friction out of moving things around in the world," noted Astro Teller, captian of Moonshots, Google[x], in a video announcement. Google has been looking into developing the delivery service for two years in Australia. "The next phase is to take the momentum and the enthusiasm that we've built internally and now drive it toward enabling the dream of delivering stuff more quickly," added Dave Vos, lead of Project Wing. 
 
According to reports, the drones fly between a range of approximately 130 feet to 195 feet, and as far as 1 km away from the source site. To date, Google has conducted more than 30 successful deliveries and is now reviewing the program from the company's headquarters for next steps. 
 
 
 
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L’Oréal Canada names chief communications officer

BY Antoinette Alexander

MONTREAL — L'Oréal Canada has announced the appointment of Nadia Petrolito as chief communications officer.

Petrolito joined L'Oréal Canada in July 2006 as a legal counsel and was, soon after, appointed general counsel, a position she maintains today in addition to her new role as CCO. Furthermore, since 2009, Petrolito is the ethics officer for L'Oréal Canada.

An important mandate of her new role as CCO will be the development of the new Corporate Social Responsibilities Program, which is a key priority for L'Oréal Canada, along with its already existing engagements in terms of diversity and ethics, the company stated.

The L'Oréal Group, on a worldwide level, has recently launched a program called "Sharing Beauty With All", confirming its sustainability commitment for 2020. These commitments are the result of two years of exchanges with various stakeholders throughout the world. L'Oréal is thus committed to improve its practices throughout its value chain, from research to production, while sharing its growth with the communities that surround it. Petrolito's mandate includes the implementation of "Sharing Beauty With All" on a local level within the Canadian CSR program.

 

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