New PhotoDynamic Therapy Market Study Predicts Growth Rate.Business Editors & Health/Medical Writers MISSION VIEJO, Calif.--(BUSINESS WIRE)--Nov. 27, 2000 Non-ophthalmic PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT markets collectively rival the high-growth rate ophthalmic segment, according to a new report published by Medical Insight, Inc. this month. "Our conservative estimates of drug sales reveal over $700 million of revenues (during the five year forecast period) related to drugs that are currently under commercial development," said report author and medical industry analyst Michael Moretti. According to Moretti, "Related sales of diode lasers used in these treatments are estimated at more than 2,500 systems generating over $170 million. In addition, the disposable fiberoptic light delivery devices used in PDT procedures will produce more than $80 million in revenues for this developing industry. Thus, the total market for PDT drugs and devices during this forecast period is estimated at close to $1 billion." Although there are six major PDT drug development companies discussed in this report, the supply of lasers and fibers is limited to only three manufacturers: Diomed Inc., Coherent Medical, and Laserscope. Of these three suppliers, only the privately held Diomed (Andover, Mass.) manufactures the diode laser systems which will be used in the majority of future non-ophthalmic PDT treatments. "Currently, we estimate that Diomed has installed approximately 100 diode lasers for PDT, and has pending orders for another 200 units," said Moretti. Diomed also exclusively supplies fiber delivery devices, via patent licensing and supply arrangements with PDT companies, including Axcan. Public companies participating in the PhotoDynamic Therapy Market include: Axcan Pharma (Nasdaq:AXCA); DUSA DUSA Deputy Under Secretary of the Army DUSA Deakin University Student Association DUSA Dundee University Students' Association (Scotland) DUSA Designated Unclassified Subject Area (Nasdaq:DUSA); Coherent Medical (Nasdaq:COHR COHR Congolese Observatory of Human Rights ); Laserscope (Nasdaq:LSCP LScP left scapuloposterior (position of fetus). ); Mirivant (Nasdaq:MRVT MRVT Materiel Release Verification Test ); Pharmacyclics (Nasdaq:PCYC PCYC Police Citizens Youth Club PCYC Palmer's Cove Yacht Club (Salem, Massachusetts) PCYC Perche Creek Yacht Club (Columbia, Missouri) ); and QLT QLT Quadra Logic Technologies QLT Quick Link Text (Nasdaq:QLTI). To obtain a copy of The PhotoDynamic Therapy Market Study, contact Michael Moretti at: Morettim@aol.com or call (949) 367-8095. Keywords: Medical Lasers, Dermatology, Cancer, Oncology, Medical Devices, PDT, Photodynamic Therapy |
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