Leading market players are investing heavily in research and development in order to expand their product lines, which will help the sustained release excipients market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the sustained release excipients industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global sustained release excipients industry to benefit clients and increase the market sector. In recent years, the sustained release excipients industry has offered some of the most significant advantages to medicine. Major players in the sustained release excipients market are attempting to increase market demand by investing in research and development operations, including Allergan PLC, AstraZeneca, GlaxoSmithKline PLC, Mayne Pharma Group Limited, Mylan NV, Novartis AG, Pfizer Inc., Salix Pharmaceuticals, and Sun Pharmaceutical Industries Ltd.
As a division of AbbVie Inc., Allergan Ltd. (Allergan) is a specialty pharmaceutical business that creates and distributes over-the-counter (OTC) and branded medications as well as biosimilars. The company sells goods in the following therapeutic categories: anti-infective, urology, women's health, dermatology, central nervous system, eye care, and gastroenterology. Its clients include mail-order merchants, hospitals, clinics, government agencies, and managed healthcare providers, including health maintenance organizations and other institutions. It also distributes its products to retailers, drug wholesalers, and distributors, including national retail medicine and grocery store chains.
Biopharmaceuticals are discovered, developed, produced, and marketed by Pfizer Inc. (Pfizer). The company offers solutions to address a variety of conditions, such as those related to women's health, cancer, inflammatory diseases, immune system issues, and metabolic, cardiovascular, and pain disorders. Additionally provided are sterile injectable drugs, biosimilars, contract manufacturing services, and active pharmaceutical ingredients (APIs). For over $6.7 billion, US-based pharmaceutical and biotechnology company Pfizer Inc. purchased Arena Pharmaceuticals in December 2021.
The purchase of Arena bolsters Pfizer's capabilities and expertise in immunology and inflammation, a Pfizer innovation engine that develops effective therapies for patients with debilitating immuno-inflammatory diseases in need of new treatment options.