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COVID-19 Has Small Negative Impact on Market for Companion Diagnostics: Kalorama
Tuesday, June 30, 2020
Healthcare publisher, Kalorama Information, updates report to reflect revised market sizes and forecasts for the market for tests tied to therapeutic selection or effectiveness.
ARLINGTON, Va., June 22, 2020 /PRNewswire-PRWeb/ -- In its latest report on companion diagnostics, IVD market research firm Kalorama Information updated market sizes and forecasts for the market for tests tied to therapeutic selection or effectiveness. To get a sense of the current marketplace, analysts informally surveyed oncology treatment centers in hospitals, as well as pharmaceutical companies serving them to determine recent market trends. The analysts found:
-- Initial (March 2020) decline in CDx requisitions, yet by April 2020 this
was largely resolved;
-- Less than 10 percent reduction in test volume reported;
-- Budgets largely frozen, no capital expenditures will be initiated in the
foreseeable future;
-- Some backlog on processing tests due to restructuring of hours and
laboratory layout requirements; and
-- By appointment only lab draws were in effect beginning around February
2020 for some facilities and ongoing through April 2020 which impacted
test volume slightly.
Delaying treatment in patients with overall good prognosis would be detrimental to the outcome in some patients prescribed targeted therapies, primarily cancer therapies. Therefore, oncologists report only minimal delays in treatment which is often determined case-by-case, dependent on factors such as disease status, cancer type, age of the patients, etc.
For example, systemic therapy may be delayed for a short period in patients aged 50 or older with non-aggressive tumor types; in contrast, delaying treatment in an aggressive tumor could be catastrophic to the patient's outcome.
Spartan Bioscience developed its CE and FDA approved DNA analyzer to detect risk of poor treatment choices for patients taking various antiplatelets, antidepressants and PPIs. People carrying CYP2C19 mutations can impair drug metabolism and alter response to drug therapy. Over the first-half of 2020, Spartan Bioscience has shifted its technology to focus on detecting COVID-19 and Legionella using its qPCR on-site DNA analyzer.
Along with new developments, diagnostic service providers are also shifting workloads to address the demand for COVID-19 services. MiraDx, for example, has opened its CLIA-certified lab to providing COVID-19 test services. The lab has an analyze capacity of over 9,000 tests with no backlog, reported by MiraDx. The company also reports test results are available in approximately 48 hours and are being prioritized for hospitals, essential workers and field-based healthcare workers. MiraDx lists the test at $150 per completed test.
There is also a growing trend for treatment centers, specifically cancer treatment centers, and research hospitals to get involved in the COVID-19 recovery plan. The Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins University (Baltimore, Maryland, United States) is gearing up to commence a Phase II trial to promote recovery from COVID-19 with ivermectin or bicalutamide endocrine therapy. The study is an interventional trial with an estimated enrollment of 60 participants that have had a confirmed PCR test of COVID-19 infection and require inpatient hospitalization due to COVID-19 with minimal or no respiratory symptoms. Estimated start date is June 2020 with estimated completion in June 2021.
About Kalorama Information
For more than 30 years, Kalorama Information has been a leading publisher of market research in healthcare areas, including in vitro diagnostics (IVD), biotechnology, healthcare, medical devices, and pharmaceuticals.
SOURCE Kalorama Information
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