- September 20, 2024: The pharmaceutical cleaning validation market is expected to reach USD 28.40 billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030. This growth is driven by the increasing demand for pharmaceuticals, the rising number of approvals for new drugs, and the implementation of stringent cleaning validation standards1.
- September 11, 2024: The Indian pharmaceutical market is expected to reach USD 106.67 billion by 2030, growing at a CAGR of 8.75% from 2024 to 2030. This expansion is supported by the domestic market's robust growth and the industry's prominence as a global hub for pharmaceutical manufacturing and innovation2.
- August 30, 2024: Rekah Pharmaceutical Industry (TLV:REKA) reported a net income of ₪12.0 million, up from ₪1.10 million in 2Q 2023, driven by lower expenses3.
- August 15, 2024: Biofrontera Inc. (NASDAQ:BFRI) reported a net income of $-257,000 and a total revenue of 7.84millionforQ22024,resultinginadilutedEPSof-0.054.
- August 14, 2024: The FDA has decided to waive the scheduled Advisory Committee meeting for sulopenem, signaling confidence in the drug’s safety and efficacy profile5.
- August 9, 2024: The UK pharmaceutical preparations manufacturing industry is expected to grow at a compound annual rate of 6.5% over the next five years, driven by domestic demand and the benefits of the COVID-19 pandemic6.
- August 6, 2024: Travere Therapeutics (NASDAQ:TVTX) reported a net loss of $-70.41 million and a total revenue of 54.12millionforQ22024,resultinginadilutedEPSof-0.917.
- August 3, 2024: Applied Therapeutics (NASDAQ:APLT) reported a net income of $2.9 million and a total revenue of 144millionforQ22024,resultinginadilutedEPSof-0.138.
- July 31, 2024: The FDA has reaffirmed the PDUFA target action date for govorestat, which could be a significant milestone for Applied Therapeutics9.
- July 18, 2024: Citigroup raised the price target for Travere Therapeutics from $14.00 to $23.00, and the stock price increased by 5.9% in response10.
This chronological list provides a comprehensive overview of recent developments in the pharmaceutical industry, including market growth, company financials, and regulatory updates.