EXECUTIVE SUMMARY
After three decades of research in the angiogenesis field, human
trials of angiomodulatory compounds are at last beginning to
yield commercial products with proven efficacy. Many diverse
drugs targeting angiogenesis are in clinical development. This
report offers a comprehensive review of targets for angiogenesis
modulation, identifies the most promising approaches, and
assesses the prospects for angiogenesis modulators in different
therapeutic areas.
It is not just the developers of angiogenesis-related products
who will be affected by developments in this field. In addition
to drugs which are being developed as angiomodulatory agents,
many drugs which were originally developed for other properties
may also have angiomodulatory properties with potential for
commercial exploitation.
Key areas of opportunity with respect to angiogenesis modulation
include major diseases associated with the aging population,
such as cancer, age-related macular degeneration, coronary
artery disease and peripheral vascular disease. We believe that
the potential market for angiogenesis-related therapeutics, if
all patients whose problems were susceptible to this approach
could be treated accordingly, exceeds $80 billion worldwide.
This figure is more than 15% of the global pharmaceutical
market. Antiangiogenic strategies aim to halt excessive
angiogenesis associated with cancer, vascular eye diseases,
vascular skin lesions, chronic inflammatory diseases, and other
conditions. Angiogenic strategies aim to stimulate
neovascularization in ischemic myocardial and peripheral
tissues, and facilitate healing of chronic wounds.
We estimate that, neglecting the effects of currency
fluctuations, worldwide sales of angiogenesis-related
therapeutic products will rise from $2.4 billion in 2004 to $8.7
billion in 2009, a compound annual growth rate (CAGR) of about
30%. Cancer-related products accounted for 72% of sales in 2004
and will account for 53% in 2009, most of the remainder being
made up of ophthalmological and anti-inflammatory products. The
angiogenesis market is presently dominated by Genentech/Roche,
whose Avastin and Herceptin oncology products together generated
over $1 billion in 2004 sales, and whose recently introduced
Tarceva lung cancer therapeutic could start earning another $500
million per year from 2005. The leading geographical market is
the USA, with 45% of worldwide angiogenesis-related sales in
2004, expected to rise slightly to 47% in 2009.
The report reveals that over 300 angiogenesis-related therapies
are currently under commercial investigation. In addition to
recently launched products, it reviews over 230 therapeutic
products in development for cancer, and over 70 therapeutic
products in development for other indications, primarily in
cardiology, ophthalmology, and dermatology. For agents in
clinical trials, recent safety and efficacy data are also
discussed as they provide some indication as to how successful
the particular approach to angiogenesis modulation is likely to
be.
Angiogenesis and its inhibition represent one of the fastest
growing areas of oncology. Studies have demonstrated the
profound dependence of tumor growth and metastasis on the
generation of new blood vessels. In 1999, the US National Cancer
Institute designated the development of antiangiogenic therapies
for cancer a national priority, accelerating R&D activity in
this area. A significant development in the last few years has
been FDA approval of four drugs targeting angiogenic growth
factors or their receptors. The breakthrough antiangiogenic
oncology drug Avastin achieved sales of $555 million in less
than one year on the market since its launch in January 2004.
There are also indications that antiangiogenic agents give
synergistic effects when combined with current cytotoxic
therapies - a strategy which offers significant market
opportunities, or when combined with each other - a strategy
which provides an important treatment option that does not
include conventional cytotoxic chemotherapy. While the process
of angiogenesis was initially the main target of angiostatic
cancer therapies, more recently the focus of investigations has
been shifting to approaches that target and disrupt the
established tumor vasculature which are seen as offering many
potential advantages.
Therapies aimed at diseases of the retina involving
neovascularization, such as age-related macular degeneration
(AMD) and diabetic retinopathy, look set for high growth in the
next couple of years. Recently, the therapeutic approach of
targeting angiogenic vessels in neovascular AMD was validated by
very successful new product introductions, the angiolytic
photodynamic therapy Visudyne and the angiostatic drug Macugen.
There has been renewed interest in the development of approaches
which seek to restore perfusion and function to chronically
ischemic myocardial and peripheral tissues. Early approaches to
therapeutic angiogenesis revolved around single angiogenic
factor application and gene therapy, and despite setbacks,
therapeutic angiogenesis remains a promising avenue. A
relatively new approach to stimulation of myocardial
neovasculatization, stem cell therapy, is currently generating
intense interest. In the case of chronic wounds, several
recently approved products, including cell therapy products,
work partly through stimulation of angiogenesis, and several
more are in development.
Although most of the preclinical and clinical programs in
angiogenesis modulation are currently concentrated in the areas
of oncology, cardiology, and ophthalmology, these studies are
paving the way for clinical applications in miscellaneous other
diseases. Already antiangiogenic drugs are making their presence
felt in the clinic as new treatment modalities for skin diseases
such as psoriasis and rosacea, and chronic inflammatory diseases
such as periodontitis and rheumatoid arthritis.