LONDON, May 12, 2016 /PRNewswire/ --
A new report from business intelligence provider GBI Research - Human Drugs For Veterinary Use - Current Trends and Future Commercial Prospects for Crossover Drugs - states that significant unmet needs within veterinary care are driving veterinarians to treat animals such as dogs, cats and horses by prescribing drugs intended for human use, according to business intelligence provider GBI Research.
The most significant drivers of Extralabel Drug Use (ELDU) in animals are financial. Unlike the human drugs market, veterinary clinics are involved not only in diagnosis and treatment, but also have the right to dispense pet medications. Consumers cannot purchase the prescribed medications from a pharmacy of their choice, where there would be access to low-priced generic drugs, and human treatments may be a viable alternative.
Analyst Deekshita Allavarapu explains: "A blockbuster drug in human health generates revenues in excess of $1 billion, whereas the animal health market's highest selling drugs achieve $50-100 million, with around 85% of animal sales reaching less than $1 million. In this way, many manufacturers of veterinary drugs are looking for products already licensed for human use to fill their pipelines."
GBI Research states that despite these opportunities, there are safety, legal, ethical, and health issues associated with ELDU in animals. For instance, prescribing a human drug for veterinary use has its own risks. Mammalian species share many basic similarities in terms of responses to drugs, but there are differences seen at the cellular level, meaning responses may differ.
Another possibility might be that a human drug is prescribed despite the presence of a veterinary-approved alternative due to affordability issues, meaning a veterinarian could face legal issues.
Allavarapu concludes: "Despite such problems, the intersection between human and veterinary medicine is a very important and emerging area that GBI Research believes will receive more focus in the years to come. For example, specially designed clinical trials are currently being run in which pets can be enrolled alongside human patients."
Sample pages of GBI Research's report Human Drugs For Veterinary Use - Current Trends and Future Commercial Prospects for Crossover Drugs are available upon request.
About GBI Research
GBI Research is a leading provider of business intelligence reports, offering actionable data and forecasts based on the insights of key healthcare industry influencers to ensure you stay up-to-date with the latest market trends. For more information about our offerings, please contact us on: +44 161 359 5817
SOURCE GBI Research