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ENYO Pharma: Leveraging viruses to develop first-in-class drug candidates in many indications
In the last decade, the pharmaceutical sector has been facing structural issues when it comes to bringing new pharmaceuticals to the patient. Indeed, studies have revealed that the average cost to develop a single drug has tripled to greater than €1.7Bn in real terms since 2003 while numerous patent expirations have reduced revenues from blockbuster drugs. Also, the average forecast for peak sales has declined by 43% due to increasing development of specialized drugs for smaller patient populations. Lastly, the attrition in the drug development pipeline remains high notably for…………………
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