Verteporfin Market Size, Trends, Shares Forecast - 2027

Posted September 22, 2020 by tejasa

Verteporfin is a benzoporphyrin derivative is used in photo dynamic therapy for treatment the abnormal blood vessels in the eye for the conditions like wet macular degeneration.

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Verteporfin is a benzoporphyrin derivative is used in photo dynamic therapy for treatment the abnormal blood vessels in the eye for the conditions like wet macular degeneration. Photo dynamic therapy is a treatment that combines light energy with the drug which destroys the cancerous cells. Verteporfin is administered intravenously before 15-20 minutes of photo dynamic treatment. Verteporfin rapidly accumulates in these abnormal blood vessels in the eye and when stimulated with non-thermal laser light produces highly reactive single oxygen molecules and other oxygen molecules resulting in blockage of abnormal blood vessels.
The diversified use of verteporfin in various applications of ophthalmology such as macular degeneration, pathologic myopia, and ocular histoplasmosis is driving demand for verteporfin. Moreover, pharmaceutical companies are focusing on products launches in use of verteporfin in ophthalmology. For instance, in 2019, CIBA Corp, an eye care unit of Novartis AG and QLt. Inc., received authorization for marketing visundyne (verteporfin) therapy for choroidal neovascularization from the European Medicine Evaluation Agency.
Furthermore, research institutes are focusing on applying verteporfin in oncology treatments. For instance in 2017, Mayo Clinic along with National Cancer Institute (NCI) undergoing phase II clinical trials on ultrasound-guided verteporfin photodynamic therapy for the treatment of solid pancreatic tumors .
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Table of Contents
Top players in the market
Key players operating global verteporfin market are Bausch Health Companies Inc., Cheplapharm Arzneimittel, Novartis AG, Novelion Therapeutics Inc., Ciba Corporation and LGM Pharma, LLC.
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Categories Business , Health , News
Last Updated September 22, 2020