• The oncology drug pipeline remains dominant, featuring approximately 1,600 medicines and vaccines, with a significant portion targeting rare cancers and solid tumors.
• Global spending on cancer drugs is projected to reach $409 billion by 2028, driven by the high cost of novel agents, averaging over $200,000 per year.
• Cell therapies for solid tumors are gaining traction, with 44% of all trials initiated in 2023 focusing on solid tumor indications, marking a significant trend in oncology.
• Recent FDA approvals include targeted therapies like inavolisib for HER2-negative breast cancer and repotrectinib for NTRK-positive solid tumors, alongside immunotherapies and bispecific antibodies.