MedPharm Ltd Granted New Patents for Topical Spray-on-Film Technology, MedSpray®
8/6/2013 10:44:08 AM
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GUILDFORD, England--(BUSINESS WIRE)--MedPharm Ltd (www.medpharm.co.uk), the topical drug development specialist, today announced it has been granted a series of further patents for its novel MedSpray® topical spray-on-film technology for dermatological, topical and transdermal drug delivery. The North American drug delivery market is estimated to be worth in excess of $66.7 billion and is expected to register a CAGR of 8.9% between 2012 and 2017, transdermal/buccal systems are expected to make up a significant percentage of this figure1. In addition, dermatological therapeutics in the top seven markets (US, UK, Germany, France, Italy, Spain, and Japan) are projected to grow to $19.1 billion by 20182. Emerging markets are likely to increase the rate of market expansion further and MedSpray®, will help licensees take the lead in this expanding market.
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