Innovative cell and gene technologies gaining investor attention
A feature analyzing recent investment activity in cell and gene therapies (C>s).
In 2022, the cell and gene therapy (C>) market was worth $17.4 billion and it is forecast to rise to $113.64 billion by 2031, delivering a CAGR of 2023-2031 of 23.17%.
Since 2017, the US Food and Drug Administration (FDA) has approved 27 C>s, representing approximately 7% of the total drug approvals. In 2022, the FDA approved three new C>s including bluebird bio's (Nasdaq: BLUE) Zynteglo (betibeglogene autotemcel) and Skysona (elivaldogene autotemcel), and Janssen Biotech/Legend Biotech’s Carvykti (ciltacabtagene autoleucel) and 13 new C>s could be approved in the USA and Europe by the end of 2023.
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