Merck & Co, Inc. is the world’s seventh largest pharmaceutical company by market capitalization and revenue. To discover, develop and provide new and innovative products and services that save and improve lives around the world. This company develops cancer vaccines around the world.
In 2018, Merck & co. Company began the submission process for a Biologics License Application to the U.S. Food and Drug Administration (FDA). The application is for an investigational vaccine, called V920, to fight the Zaire strain of the Ebola virus.
In December 2018, Merck acquire privately held Antelliq group. Which is leader in digital animal identification, traceability and monitoring, the fastest growing part of the animal health industry.
Market Data Forecast published a report named Cancer Vaccines Market worth was $ 3.89 billion in 2018 and estimated to reach $ 7.32 billion by the end of 2023 with a growing potential of 17.11 %.
Report is segmented by
- Protein and Peptide based
- Tumour cell
- Dendritic cell
- Genetic vaccines
Rise in administration of prophylactic cancer vaccines, surge in investments & findings in the development of cancer vaccines, and the launch of novel cancer vaccines in the market. However, longer timelines required for manufacturing a single vaccine control the development of new vaccines.
Based on geography, the market is classified under various countries namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America is predicted to account the high share in the market.
Key market players in the market are –
- Aduro Biotech
- Juvaris Biotherapeutics
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Scope of the report:
The report gives a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the current market dynamics and trends are discussed in detail at the product level. Further, the performance of the current market at the regional and country-level is measured and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and the growth strategies. Comparative analysis on key strategically activities of the market players delineating the key developments like mergers and acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also gives a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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