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For a number of
technical, economic and strategic reasons, needle-free injection (NFI)
remains a niche technology where commercial success continues to be
elusive. The pure play drug delivery firms that have attempted to follow
a technology-based business model have faired poorly, in large part due
to intense competition from competing injection devices such as pen
injectors and autoinjectors that stole much of NFI’s perceived
advantage. These companies have been acquired, diversified into more
commercially viable delivery platforms, and/or been forced to repeatedly
restructure and reduce staff to survive. A younger group of companies,
mostly private firms that seek to develop NFI products strategically
using a product-based model, are faring better. They seek to develop
drug-device combination products based on NFI through the clinical trial
process. In terms of look and feel, these bundled devices mimic many of
the pen and autoinjector achievements, and provide product
differentiation that has become critical in the direct-to-consumer
marketing era. While light-weight and ergonomic designs that represent
the new generation in NFI improve the chances of technology-based NFI
business models succeeding commercially, the product model is here to
stay.
Publication Date: June 2008 |