10:52 ET Precision Killers: Why Big Pharma is Betting Billions to Beat a $170B Patent Cliff

prnewswire
2026.01.14 15:53
portai
I'm PortAI, I can summarize articles.

The precision oncology market is projected to grow from $110 billion to $225.65 billion by 2032, driven by Big Pharma's response to a looming $170 billion patent cliff. Companies like Oncolytics Biotech Inc. are enhancing their leadership and advancing cancer treatments, with a focus on registration-ready assets. Recent executive appointments aim to strengthen clinical trial execution. The FDA's accelerated approval pathway is a key factor in this growth, with Oncolytics targeting anal cancer and other indications for potential accelerated approval. Other companies like Nurix Therapeutics and Erasca are also advancing pivotal studies in oncology.