An Aging Population is Increasing the Need for Novel Treatments - Seite 2

When Valeo reported its Q3 2020 results, its year-to-date net revenue came in at $5.3 million, which was affected, in part, by the restrictions resulting from COVID-19. However, Valeo expects the commercial launch of Redesca to have a positive impact on its revenue in the first half of 2021. The company forecasts Redesca to have annual peak sales of $30 million.

As another biotech company looking to make a difference in the care of the elderly, Moderna Inc. (NASDAQ: MRNA) recently launched the two shot mRNA vaccine against the novel coronavirus. Still unsure of the success of the vaccine against alternative strains of the virus, the company will begin general booster studies in March. Seniors and healthcare workers are first priority to receive the vaccine. For seniors, the mRNA sequence will focus on enabling cells to produce one or more proteins, which will lead to the body fighting or preventing a disease.

BioDelivery Sciences International, Inc. (NASDAQ:BDSI), a company specializing in pharmaceutical products primarily for pain management and addiction, saw an increase in sales after the release of their product, Belbuca, which treats severe pain. In 2020, Belbuca reached a record breaking prescription volume of 114,500 during the third quarter. This resulted in a 25% growth in prescription delivery for the company.

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) is a company qualified in pharmaceutical drugs to treat cancer, autoimmune disease, neurological disorders, cystic fibrosis, and inflammatory bowel disease. Aside from this extensive list, Vertex Pharmaceuticals is well known for its discovery and treatment of the underlying cause of cystic fibrosis, the first company on the market to do so. The company completed its third quarter with a 62% increase in product revenue. Their net revenue was mainly led by their main product, Trikafta, a prescription medication used to treat cystic fibrosis.

Trillium Therapeutics Inc (TSX:TRIL) (NASDAQ:TRIL) has established itself on the basis of potential treatments for various cancers, including those related to hematologic malignancies and lymphoma or multiple myeloma. These cancers primarily affect the blood, the bone marrow, and lymph nodes. Trillium Therapeutics continues to work on the development of advanced cancer treatments.