{"id":8173,"date":"2021-06-04T15:28:33","date_gmt":"2021-06-04T15:28:33","guid":{"rendered":"https:\/\/amarintech.com\/?p=8173"},"modified":"2021-06-04T15:28:33","modified_gmt":"2021-06-04T15:28:33","slug":"opportunities-in-an-evolving-market","status":"publish","type":"post","link":"https:\/\/amarintech.com\/es\/opportunities-in-an-evolving-market\/","title":{"rendered":"Opportunities in an evolving market"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"8173\" class=\"elementor elementor-8173\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c78867c elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"c78867c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-387f22c\" data-id=\"387f22c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b3b76c9 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default\" data-id=\"b3b76c9\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-aed56c4\" data-id=\"aed56c4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22fcc07 elementor-widget elementor-widget-image\" data-id=\"22fcc07\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"2000\" height=\"638\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/01\/LOGO.avif\" class=\"attachment-full size-full wp-image-5849\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/01\/LOGO.avif 2000w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/01\/LOGO-300x96.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/01\/LOGO-1024x327.avif 1024w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/01\/LOGO-768x245.avif 768w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/01\/LOGO-1536x490.avif 1536w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-442b119\" data-id=\"442b119\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0e68f5c elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"0e68f5c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_bottom&quot;:&quot;mountains&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 1000 100\" preserveaspectratio=\"none\">\n\t<path class=\"elementor-shape-fill\" opacity=\"0.33\" d=\"M473,67.3c-203.9,88.3-263.1-34-320.3,0C66,119.1,0,59.7,0,59.7V0h1000v59.7 c0,0-62.1,26.1-94.9,29.3c-32.8,3.3-62.8-12.3-75.8-22.1C806,49.6,745.3,8.7,694.9,4.7S492.4,59,473,67.3z\"\/>\n\t<path class=\"elementor-shape-fill\" opacity=\"0.66\" d=\"M734,67.3c-45.5,0-77.2-23.2-129.1-39.1c-28.6-8.7-150.3-10.1-254,39.1 s-91.7-34.4-149.2,0C115.7,118.3,0,39.8,0,39.8V0h1000v36.5c0,0-28.2-18.5-92.1-18.5C810.2,18.1,775.7,67.3,734,67.3z\"\/>\n\t<path class=\"elementor-shape-fill\" d=\"M766.1,28.9c-200-57.5-266,65.5-395.1,19.5C242,1.8,242,5.4,184.8,20.6C128,35.8,132.3,44.9,89.9,52.5C28.6,63.7,0,0,0,0 h1000c0,0-9.9,40.9-83.6,48.1S829.6,47,766.1,28.9z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c82bb91\" data-id=\"c82bb91\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e6195d elementor-widget elementor-widget-heading\" data-id=\"2e6195d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Opportunities in<br>an evolving market <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cfa3ae1 elementor-widget elementor-widget-text-editor\" data-id=\"cfa3ae1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>By Germ\u00e1n M\u00fcller \u2013 Business Development Manager<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-62b6c1f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62b6c1f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-97230eb\" data-id=\"97230eb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-003eebf elementor-widget elementor-widget-spacer\" data-id=\"003eebf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a8f378 elementor-widget elementor-widget-text-editor\" data-id=\"5a8f378\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><b>Introduction<\/b><\/p><p class=\"p1\">In a first and superficial approach to the main market indicators, and in line with some publications, we can have feeling of witnessing the twilight of one the most innovative pharmaceutical forms in the industry, however, there are still several business opportunities for those who know how to identify them.<\/p><p class=\"p1\">My objective for this article is to introduce the reader to these opportunities through the analysis of global and regional trends in the transdermal market, from the beginning, and with a focus on the last decade.<\/p><p class=\"p1\">I will undertake the evaluation essentially from a numerical perspective regarding the market niche for transdermal products, circumscribing my assessment to the market for transdermal patches, intentionally excluding the market for \u201cplasters\u201d (which is about half the size of patches). Briefly, we can summarize that the main difference between is that transdermal patches have a systemic effect on the body, while plasters are limited to a local action at the site of application (according on the explained in <a href=\"https:\/\/amarintech.com\/topical-and-transdermal-drug-products-making-the-difference-through-transdermal-delivery-systems\/\"><span class=\"s1\">\u201cTopical and transdermal\u201d<\/span><\/a>)<\/p><p>\u00a0<\/p><p class=\"p1\"><b>The beginnings<span class=\"Apple-converted-space\">\u00a0<\/span><\/b><\/p><p class=\"p2\">The first product to be launched to the market was a patch with reservoir technology programmed to release 1.5 mg of Scpolamine within three days (Transderm Scop\u00ae; Novartis Consumer Health). The product was launched in 1979 in the United States, and its therapeutic indication was the prevention of nausea and vomiting caused by motion sickness.<\/p><p class=\"p2\">Forty years after its launch, and despite the fact that this technology has made great advances, Scopolamine patches not only continue to be present on the market, but they still hold the title of remaining within the top ten of best selling molecules in this pharmaceutical form.<\/p><p class=\"p2\">It is important to mention that the APIs (Active Pharmaceutical Ingredient) that can be administered transdermally are limited, essentially due to a variety of technical complexities. For this reason, and considering the growing number of inexperienced players entering the industry as I will detail later, it is crucial to make partnerships with companies with a long history in transdermals if you want to access this niche, since they will substantially improve the chances of being successful.<\/p><p class=\"p2\">From that first launch to the present, about 20 molecules have been approved by the FDA to be administered systemically by the transdermal route, achieving the boom of this pharmaceutical form with respect to the number of launches, towards the mid-2000s. A detailed list of innovative products approved by the FDA is listed below:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b40e73 elementor-widget elementor-widget-image\" data-id=\"7b40e73\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-1.jpg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODE3NSwidXJsIjpmYWxzZX0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-1.jpg\" title=\"\" alt=\"\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4bf3469 elementor-widget elementor-widget-text-editor\" data-id=\"4bf3469\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><b>Global trend<\/b><\/p><p class=\"p2\">On below chart it can be perceived that, according to the behavior of its main variables, the global transdermal market could be entering its maturity stage, given the drop in the turnover along with a less pronounced decline in the volume of sold units:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de4e538 elementor-widget elementor-widget-image\" data-id=\"de4e538\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-2-1.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Graph 2\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODI2MiwidXJsIjoiaHR0cHM6XC9cL2FtYXJpbnRlY2guY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIxXC8wNlwvR3JhcGgtMi0xLmF2aWYifQ%3D%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-2-1-1024x569.avif\" class=\"attachment-large size-large wp-image-8262\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-2-1-1024x569.avif 1024w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-2-1-300x167.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-2-1-768x427.avif 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5d3394 elementor-widget elementor-widget-text-editor\" data-id=\"a5d3394\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">It stands out in this comprehensive view, a first decline in billing between 2005 and 2006, which was motivated by the entry of generic Fentanyl patches. Then the sales continued to rise until reaching its peak in 2014 exceeding USD 6B, promoted by the historical highs of both the Estradiol patch and the Exelon\u00ae (Rivastigmine patch).<\/p><p class=\"p1\">Since then, a systematic decrease in both turnover and volume has been observed, which was mainly justified in two aspects:<\/p><ul class=\"ul1\"><li class=\"li1\">The deep penetration of generics in the main markets of the world, displacing the sales of the reference products in each of the molecules, and logically reducing the unit price of the patches. This is the case of Rivastigmine, Estradiol, Fentanyl, Buprenorphine, among other molecules, according to the below chart:<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6848d1 elementor-widget elementor-widget-image\" data-id=\"f6848d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-3.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Graph 3\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODE3NywidXJsIjoiaHR0cHM6XC9cL2FtYXJpbnRlY2guY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIxXC8wNlwvR3JhcGgtMy5hdmlmIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"231\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-3-1024x231.avif\" class=\"attachment-large size-large wp-image-8177\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-3-1024x231.avif 1024w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-3-300x68.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-3-768x173.avif 768w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-3.avif 1155w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af9efde elementor-widget elementor-widget-text-editor\" data-id=\"af9efde\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul class=\"ul1\"><li class=\"li1\">The plummet on the sales of Fentanyl patch in North America (associated with the measures implemented to fight against the intense opioid abuse crisis), both from a volume perspective as well as from a turnover, as it is shown in the following graph:<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d196aea elementor-widget elementor-widget-image\" data-id=\"d196aea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-4-1.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Graph 4\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODI2MSwidXJsIjoiaHR0cHM6XC9cL2FtYXJpbnRlY2guY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIxXC8wNlwvR3JhcGgtNC0xLmF2aWYifQ%3D%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"569\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-4-1-1024x569.avif\" class=\"attachment-large size-large wp-image-8261\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-4-1-1024x569.avif 1024w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-4-1-300x167.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-4-1-768x427.avif 768w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-4-1-1536x854.avif 1536w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-4-1-2048x1138.avif 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75e6968 elementor-widget elementor-widget-text-editor\" data-id=\"75e6968\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In 2020, the global market is still above USD 4 B in turnover, despite having the lowest sales volume in the last 20 years.<\/p><p class=\"p1\">With the Fentanyl market stabilized and driven by new product launches, it is expected to recover the level of global sales in term of volume and resume its moderate but steady rise in the coming years.<\/p><p class=\"p1\">In terms of turnover, and given decelerating decrease, I foresee a stabilization around 4.5 &#8211; 5 million dollars, offsetting the upside effects of the aforementioned launches, with the appearance of new generics for established products (Eg: Neupro \u00ae, Rotigotine patch, one of Amarin&#8217;s advanced developments).<\/p><p class=\"p3\"><b>Anatomical Classification<span class=\"Apple-converted-space\">\u00a0<\/span><\/b><\/p><p class=\"p3\">I will now carry out a brief analysis considering the classification developed by EphMRA (European Pharmaceutical Market Research Association), where products are grouped by anatomical site of action, indication, mechanism of action or composition.<\/p><p class=\"p3\">It is observed that the patches currently sold into the market concentrate more than half of the sales in the central nervous system (CNS), among which the following subcategories stand out:<\/p><ul><li>Narcotic analgesics, which despite having reduced their turnover by half in the last ten years (a large decrease in Fentanyl and a moderate increase in Buprenorphine), still represent the subcategory with the highest sales.<\/li><li>Products used for the treatment of dementia associated with Alzheimer&#8217;s disease (Rivastigmine). With a contraction in turnover of 35% despite having increased the volume of sales in the same proportion (here the effect of the penetration of generics mentioned above is appreciated)<\/li><li>Drugs used as antiparkinsonian therapies: which had a great expansion, quadrupling their turnover in the last ten years. It is the case of: Selegilina (modest but stable market), Ropinirole (recently launched in Japan) and Rotigotina. Sales of this last molecule currently represent 20% of the CNS category and 12% of the total patch market, and for which there are no generics yet (Amarin has a product currently in the last stage of development).`<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-646a18f elementor-widget elementor-widget-image\" data-id=\"646a18f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-5.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Graph 5\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODE3OSwidXJsIjoiaHR0cHM6XC9cL2FtYXJpbnRlY2guY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIxXC8wNlwvR3JhcGgtNS5hdmlmIn0%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"941\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-5.avif\" class=\"attachment-large size-large wp-image-8179\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-5.avif 940w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-5-300x300.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-5-150x150.avif 150w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-5-768x769.avif 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-495c9d7 elementor-widget elementor-widget-text-editor\" data-id=\"495c9d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">There are two other categories complementing the participation in sales, one that has grown in the recent years which is the hormonal products, mainly driven by contraceptive patches which have doubled their turnover, being close to USD 500M. With the opposite behavior it is the category of cardiovascular products, which it had shrank to a third of its turnover from 2010 to the present, not only in nominal terms but also reduced its sales in units to less than half, which evidence the emergence of new drugs or alternative therapies.<\/p><p class=\"p1\"><b>Players in the market<\/b><\/p><p class=\"p1\">In a brief look at the players participating in this market, it is noticeable how, probably motivated by the growth that the niche had at the beginning of the millennium, various competitors have entered (mainly in the generics segment), pursuing a space of low competition and high growth. Being able to observe that the number of companies that have this pharmaceutical form among their offer grew by 61% in the last decade, while consequently the amount of products available in the market raised 72%.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d95a89 elementor-widget elementor-widget-image\" data-id=\"3d95a89\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-6.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Graph 6\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODI1MCwidXJsIjoiaHR0cHM6XC9cL2FtYXJpbnRlY2guY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIxXC8wNlwvR3JhcGgtNi5hdmlmIn0%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"563\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-6-1024x563.avif\" class=\"attachment-large size-large wp-image-8250\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-6-1024x563.avif 1024w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-6-300x165.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-6-768x422.avif 768w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-6-1536x844.avif 1536w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-6-2048x1126.avif 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-976f80f elementor-widget elementor-widget-text-editor\" data-id=\"976f80f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><b>A regional overview<\/b><\/p><p class=\"p1\">Let&#8217;s start then by understanding how the main variables of the transdermal market (turnover and volume) are currently distributed by regions:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1392c63 elementor-widget elementor-widget-image\" data-id=\"1392c63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-7.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Graph 7\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODE4MSwidXJsIjoiaHR0cHM6XC9cL2FtYXJpbnRlY2guY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIxXC8wNlwvR3JhcGgtNy5hdmlmIn0%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"525\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-7-1024x525.avif\" class=\"attachment-large size-large wp-image-8181\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-7-1024x525.avif 1024w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-7-300x154.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-7-768x394.avif 768w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-7-1536x788.avif 1536w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-7.avif 1730w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1714527 elementor-widget elementor-widget-text-editor\" data-id=\"1714527\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">It is important to clarify that, when approaching to this focused assessment with special emphasis on regional economies excluding the main markets (US, USA and Japan), it should be taken into account that the figures measured in foreign currency will be affected by the fluctuations in the various local currencies. In the specific case of LATAM, in the last decade there have been multiple devaluations of currencies compared to the US dollar (Chile 46%, Mexico 56%, Colombia 85%, Brazil 196% and Argentina 2400%), a factor that it has to be consider when addressing sums in dollars.<\/p><p class=\"p1\">You will find below a graph with the main variables for the sales of systemic transdermal products in Latin America:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f69550 elementor-widget elementor-widget-image\" data-id=\"4f69550\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-8-1.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Graph 8\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODI1MiwidXJsIjoiaHR0cHM6XC9cL2FtYXJpbnRlY2guY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIxXC8wNlwvR3JhcGgtOC0xLmF2aWYifQ%3D%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"578\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-8-1-1024x578.avif\" class=\"attachment-large size-large wp-image-8252\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-8-1-1024x578.avif 1024w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-8-1-300x169.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-8-1-768x433.avif 768w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-8-1-1536x866.avif 1536w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-8-1-2048x1155.avif 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0649dff elementor-widget elementor-widget-text-editor\" data-id=\"0649dff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">There is an indisputable correlation between the aforementioned depreciation of loca curencies against the dollar and the fall in sales of transdermal products, this shows that there is a certain elasticity of demand, since in the face of an inevitable increase in the price of the products (due to the fact that their costs are entirely in foreign currency) the market opts for lower value substitutes that may have a similar therapeutic action despite not offering the multiple advantages that patches can provide.<\/p><p class=\"p1\">On a deeper evaluation, it can be seen that of: out the eight molecules present in patches in Latam, two of them have reduced their sales in the last decade: Estradiol and Nitroglycerin, being long-term products on the market that were replaced by new therapies. While the rest of the APIs have managed, on average, to expand sales by 25% in terms of volume.<\/p><p class=\"p1\">Leaving apart some rare exceptions, it takes a long time for transdermal products to reach regional markets from the date of first launch into the world, being relegated to their priorities by multinationals; in part because it has a marginal participation compared to the large territories, and also because the relationship: costs for obtaining records versus expected cash flow, may not be attractive in all cases. Thus, we see how there are certain countries with an absolute absence of generics in some molecules (Ex: Fentanyl in Brazil)<\/p><p class=\"p1\">This is the case of both, large corporations dedicated to the market of innovative products as well as the ones in the generic business, which allows local or regional players, with a vast knowledge of the particularities of each market, to appropriate that space and expand its product offering in a still limited expanded market.<\/p><p class=\"p1\">Regarding the evolution of the level of competition, we previously saw that at the global scale, there has been a substantial increase not only in the quantity of companies in the niche as well as on the number of available products, however this is not replicated in the regional perspective, where both variables remained stable. In fact, Amarin is still the only company in the region with capabilities to develop and produce prescriptive patches.<\/p><p class=\"p1\">In view of the above, and looking into the future, a greater penetration of generics is expected in the coming years from companies focused on Latin America. Amarin will be one of the main interpreters of this evolution since it has made regional out-licensing agreements for the following molecules: Rivastigmine, Buprenorphine and Fentanyl, with a significant expansion of sales projections.<\/p><p class=\"p1\"><b>Oportunity<\/b><\/p><p class=\"p1\">Probably a superficial approximation to the first figures can show us an industry in contraction (22% in volume and 27% in turnover in the last 10 years), however, it is interesting to do a final review of these two indicators but excluding the Fentanyl patch. Which, as we saw, has suffered the greatest retraction over time and still easily holds the title of the best-selling patch in the history of this market niche, which can distort the analysis.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-178a5c4 elementor-widget elementor-widget-image\" data-id=\"178a5c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-9-1.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Graph 9\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODI1MywidXJsIjoiaHR0cHM6XC9cL2FtYXJpbnRlY2guY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIxXC8wNlwvR3JhcGgtOS0xLmF2aWYifQ%3D%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"586\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-9-1-1024x586.avif\" class=\"attachment-large size-large wp-image-8253\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-9-1-1024x586.avif 1024w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-9-1-300x172.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-9-1-768x439.avif 768w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-9-1-1536x878.avif 1536w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-9-1-2048x1171.avif 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afec656 elementor-widget elementor-widget-text-editor\" data-id=\"afec656\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">The reduction in turnover is only 6% while the volume decrease remains unchanged (22%) for the same period (2020 vs 2010). It is evident that from this point of view, patches have evolved into more sophisticated products that, due to their technology and added value, are marketed at increasing unit values. This reinforces the idea that it is a highly complex market niche on the development aspects, where the chances to compete are reserved almost exclusively for the experts in this type of pharmaceutical form.<\/p><p class=\"p1\">Another point that emerges from this analysis, and I am interested in highlight, is that only 8 of all the molecules available in patches have managed to establish themselves with significant sales in most of the regions of the world. There might be multiple approaches to understand it (acceptance of the pharmaceutical form, lack of experienced manufacturers, limited markets that are not a priority for large competitors, among others), but the most relevant without a doubt is the enormous possibility that exists for those companies that can find a way to take the products established in the main markets to the rest of the world.<\/p><p class=\"p1\">On the other hand, if we involve the demographic changes that have been proliferating since the middle of the 20th century, as the serious aging of the population, together with the fact that the patches are used mostly by the elderly population (mainly applied to the CNS as we have seen), It is obvious to foresee that demand will continue to rise constantly as long as these vectors remain unchanged.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-974c221 elementor-widget elementor-widget-image\" data-id=\"974c221\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-10.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Graph 10\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6ODE4NCwidXJsIjoiaHR0cHM6XC9cL2FtYXJpbnRlY2guY29tXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDIxXC8wNlwvR3JhcGgtMTAuYXZpZiJ9\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"432\" src=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-10-1024x432.avif\" class=\"attachment-large size-large wp-image-8184\" alt=\"\" srcset=\"https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-10-1024x432.avif 1024w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-10-300x127.avif 300w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-10-768x324.avif 768w, https:\/\/amarintech.com\/wp-content\/uploads\/2021\/06\/Graph-10.avif 1216w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca0333d elementor-widget elementor-widget-text-editor\" data-id=\"ca0333d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">Finally, and despite not being the object of this study, it seems important to mention that the regulations in reference to the requirements for the approval of transdermal patches have drastically become more complex in the last decade, which has logically increased the costs necessary to place a TDS into the market.<\/p><p class=\"p1\">Considering then the regulatory variable, and its associated cost growth, in combination with the technical complexity of developing a transdermal product, it would have been expected that the number of companies interested in this market segment would have decreased. However, as we observed, this did not happen, but on the contrary, it went in the opposite direction, justifying the potential that this niche still has.<\/p><p class=\"p1\">We will then see what happens to the industry in the coming years, but in my opinion there is a great opportunity for competitors who can assert their experience and trajectory in the pharmaceutical form that requires a higher degree of craftsmanship and expertise.<\/p><p>\u00a0<\/p><p class=\"p3\"><strong>References:<\/strong><\/p><p class=\"p3\">\u201cTransdermal patches: history, development and pharmacology\u201d \u2013 British Journal of Pharmacology 18\/12\/2014<br \/>Figures has been based on IQVIA information<br \/>\u201cShould You Bet On Transdermal Drug Delivery?\u201d Peter Cohan \u2013 Forbes 21\/01\/2019<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-677db80 elementor-widget elementor-widget-spacer\" data-id=\"677db80\" data-element_type=\"widget\" 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data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88fcf9f elementor-widget elementor-widget-heading\" data-id=\"88fcf9f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Subscribe to <br>#AmarinNews<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1cf9ecc\" data-id=\"1cf9ecc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ea25cb4 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default 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elementor-element elementor-element-408b4f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"408b4f4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-66c23bc\" data-id=\"66c23bc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa37af1 elementor-widget elementor-widget-heading\" data-id=\"aa37af1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Partner with us!<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cabcea0 elementor-invisible elementor-widget 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13.773-39.464 0zM192 272c44.183 0 80-35.817 80-80s-35.817-80-80-80-80 35.817-80 80 35.817 80 80 80z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Sanchez 2045 (C1416BQG), Buenos Aires, Argentina.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-556486e\" data-id=\"556486e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b8751dc elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"b8751dc\" 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elementor-section-height-min-height elementor-section-boxed elementor-section-height-default\" data-id=\"d24a003\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a1925e7\" data-id=\"a1925e7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-afb4c3b elementor-widget elementor-widget-heading\" data-id=\"afb4c3b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.cuervoestudio.com.ar\/\">Copyright \u00a92021 Amarin Technologies \nTodos los derechos reservados - Desarrollo by <u>Cuervo estudio<\/u><\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3ebecc6\" data-id=\"3ebecc6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>In a first and superficial approach to the main market indicators, and in line with some publications, we can have feeling of witnessing the twilight of one the most innovative pharmaceutical forms in the 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