|
|
|
|
||
Titan Pharmaceuticals: Probuphine Has Challenges AheadTitan Pharmaceuticals: Probuphine Has Challenges Ahead Feb. 7.17 /Vincent Tizono Click For Seeking Alpha Article Summary * I examine the market opportunity for Probuphine. * I expect a slow ramp up in sales. * I see competition from CAM2038 reducing the long-run opportunity for Probuphine. * I am neither long nor short and this article focuses primarily on Probuphine and not the overall viability of Titan Pharmaceuticals as an investment vehicle. Titan Pharmaceuticals' (NASDAQ:TTNP) Probuphine is a really compelling product for a certain demographic of individuals who are seeking treatment for opioid addiction. This assertion is backed by the fact that it won Popular Science's "Best of What's New" honors. Out of thousands of candidates each year, Popular Science selects 12 of the most transformative technologies. However, even great therapeutics with clear use cases and zero competition have seen sales slow to ramp and my analysis suggests that Probuphine isn't a straightforward winner. \ History of Buprenorphine For the Treatment of Opioid Dependence * October 2002: The Food and Drug Administration approved Subutex and Suboxone tablets * October 9, 2009: The FDA approved a generic version of Subutex. In 2011 Subutex was discontinued. * 2012: Suboxone tablets were discontinued and replaced with Suboxone Film. * February 25, 2013: The FDA approved Suboxone generics. * July 6, 2013: Zubsolv sublingual tablets were FDA-approved. * November 2014: Bunavail buccal film came to market. * May 2016: Probuphine, a buprenorphine under-the-skin implant, was FDA-approved. Overall Market The company has stated it believes peak sales of $300 million to $500 million is possible. Overall, you're looking at a potential market of 2 to 4 million individuals, depending upon how you define the market, and the market to treat opioid addiction is around 2 billion in sales. However, the actual market for this drug is smaller due to the use case outlined by the FDA. Blessings to All TRUTH |
return to message board, top of board |