Cardinal Health releases new report on the cell and gene therapy industry
Analysis charts the emergence and future of advanced therapies
This inaugural report is based on a comprehensive survey of more than 100 healthcare providers as well as interviews with subject matter experts and a patient who received CAR T-cell therapy, all of whom provide valuable insights into the state of the CGT industry.
"Cell and gene therapies are poised to revolutionize healthcare treatment for a wide range of diseases," said
The report underscores the transformative potential of CGTs, particularly for patients with complex and rare conditions, and documents one patient's experiences with CAR T-cell therapy, including the challenges he encountered along the way.
The advanced therapy industry is poised for rapid growth, with over 200 therapies projected to be approved and more than 100,000
Key Report Findings:
-
Challenges to CGT access and adoption persist: Despite the promise of CGTs, there are significant obstacles, including referral processes, high costs, complex logistics and reimbursement uncertainties.
- 56% of survey respondents stated that financial constraints, such as high acquisition costs, are a barrier.
- 54% said that lack of or inadequate reimbursement is a challenge.
-
Collaboration is key to overcoming challenges to access: There is a critical need for improved collaboration across all industry stakeholders, including manufacturers, payers, providers and patients.
- 69% of survey respondents said that strategic initiatives between payers and manufacturers, such as innovative payment models, are needed for increased access.
- 53% stated that extending facilities beyond academic/medical center hubs is important to improving access to CGTs.
-
Many patients still do not receive the CGT treatments they need:
- 64% of survey respondents cited insufficient social support (e.g., lack of care partner availability, etc.) as the most common reason.
- 57% cited prior authorization denial as another significant reason.
"In many ways, we're still in the very early stages of the incredibly promising CGT industry," said
The report can be accessed here.
About
Cardinal Health is a distributor of pharmaceuticals and specialty products; a global manufacturer and distributor of medical and laboratory products; a supplier of home-health and direct-to-patient products and services; an operator of nuclear pharmacies and manufacturing facilities; and a provider of performance and data solutions. Our company's customer-centric focus drives continuous improvement and leads to innovative solutions that improve people's lives every day. Learn more about
Contacts
Media:
Investors:
View original content to download multimedia:https://www.prnewswire.com/news-releases/cardinal-health-releases-new-report-on-the-cell-and-gene-therapy-industry-302447744.html
SOURCE