If approved, Luye Pharma's schizophrenia drug LY03010 faces a crowded market
China-based Luye Pharma’s (SEHK: 2186) pipeline asset LY03010, a once-monthly, long-acting injectable (LAI) form of paliperidone, has achieved the primary endpoint in a pivotal trial and demonstrated comparable bioavailability with Johnson & Johnson’s (NYSE: JNJ) Invega Sustenna (1-month paliperidone palmitate) at steady state.
If approved, it will create more options for the management of schizophrenia, but will have to face a crowded LAI market, says data and analytics company GlobalData.
According to GlobalData’s report, “ Schizophrenia Market Size and Trend Report including Epidemiology and Pipeline Analysis, Competitor Assessment, Unmet Needs, Clinical Trial Strategies and Forecast, 2021-2031,” LY03010 is anticipated to be launched in the USA in second-quarter 2024. It is forecast to reach sales of $63.5 million in 2031, representing 0.6% of the US schizophrenia market in 2031.
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