Albany, NY -- (SBWIRE) -- 06/14/2018 -- Occurrence of severe ailments such as fibrosis, sclerosis, cancer, and chronic pain are attributed to altered autotaxin levels. To combat rising fatality induced by aforementioned diseases has motivated healthcare industry to undertake clinical trials for drug development. In its recently added report titled, 'Ectonucleotide Pyrophosphatase/Phosphodiesterase Family Member 2 (Autotaxin or Extracellular Lysophospholipase D or ENPP2 or EC 22.214.171.124) - Pipeline Review, H1 2018', Market Research Hub (MRH) lends clarity on the influence of current trends and developments in Ectonucleotide Pyrophosphatase/Phosphodiesterase Family Member 2 therapeutics market.
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Strategic Acquisitions Expected to Accelerate Drug Development in Autotaxin Diseases
Pharmaceutical giant, Eli Lilly has concluded a major acquisition to extend its pipeline of cancer treatment triggered by autotaxin. ARMO BioSciences Inc. is a promising drug manufacturer for cancer and its keen on producing relevant drugs that activates the immune system to combat cancers. Such business transactions enhance the prospects of ectonucleotide pyrophosphatase/phosphodiesterase family member 2 therapeutics market.
Further, Biopharmaceutical manufacturers are integrating resources to achieve new heights in ectonucleotide pyrophosphatase/phosphodiesterase family member 2 therapeutics market. Several clinical researches are in different phases to achieve success in complete therapeutics for autotaxin induced diseases.
In its endeavor to introduce novel medicines in fibrosis and inflammation, besides other indications, clinical stage biotechnology company, Galapagos NV has confirmed its discovery of selective autotaxin inhibitor, GLPG-1690 to treat idiopathic pulmonary (IPF) disease. This discovery is expected to pave the way for novelties in ectonucleotide pyrophosphatase/phosphodiesterase family member 2 therapeutics market. In its phase II study of IPF patients, Galapagos NV confirmed control in disease progression with the aid of GLPG-1690 a proprietary product of Galapagos NV, granted orphan status in Europe and the US.
In addition, biopharmaceutical company, PharmAkea has successfully carried out phase 1 of its clinical research on IPF. The trial outlaid the effectiveness of PAT-1251 as a probable treatment for IPF. The discovery is a landmark achievement in ectonucleotide pyrophosphatase/phosphodiesterase family member 2 therapeutics market.
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Exhaustive research outcomes entailed in the report presents the strategies harnessed by companies and their effect on the growth of ectonucleotide pyrophosphatase/phosphodiesterase family member 2 therapeutics market. This section of the report also enlists the segments present in the market which include, therapeutics development and therapeutics assessment. Based on therapeutics development, the ectonucleotide pyrophosphatase/phosphodiesterase family member 2 therapeutics market is sectioned as stage of development, therapy area, and indication. Based on therapeutics assessment, the autotaxin therapeutics market is bifurcated as mechanism of action, route of administration, and molecule type. On the basis of insights outlaid in the report, readers can assess the impact of segments on the growth of the market, and also identify the strategies that reflect positively on revenue generation. The report also provides holistic research outputs on the highest revenue generating segment in ectonucleotide pyrophosphatase/phosphodiesterase family member 2 therapeutics market enabling readers to devise effective investment plans.
Key Players Identified in Autotaxin Therapeutics Market
Exhaustive data compiled in the report offers key insights on the profit driving strategies formulated by key players in ectonucleotide pyrophosphatase/phosphodiesterase family member 2 therapeutics market. New entrants as well as existing players can decipher the influence of these strategies on the purchase decisions of end-users and implement similar growth driven marketing strategies. Leading players identified in the report are Eli Lilly and Co, Galapagos NV, LegoChem Biosciences Inc, Ono Pharmaceutical Co Ltd, Ribomic Inc, TaiwanJ Pharmaceuticals Co Ltd, and X-Rx Inc.
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