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Stock impact report

Technological Advancements Expand Biopharmaceuticals' Production Capabilities

NanoViricides, Inc. (NNVC) 
NASDAQ:AMEX Investor Relations: nanoviricides.com/investorinfo.html
Company Research Source: PR Newswire
NEW YORK, Jan. 10, 2020 /PRNewswire/ -- The biopharmaceutical industry is driven by multiple factors, all while rapidly evolving in the digital era. The need to engineer drugs to treat emerging diseases, an increase in the geriatric population and rare medical conditions all fall under this umbrella. Additionally, investments in the research and development within the field have resulted in several novel drugs for diseases that are both effective and affordable. Data published by IQVIA™ Institute for Human Data Science shows that global drug spending reached USD 1.2 Trillion in 2018 and an estimated USD 1.5 Trillion will be spent by 2023. The key drivers of growth during the next five years are expected to be the United States as well as various emerging markets, with expected 4-7% and 5-8% compound annual growth rates, respectively. Meanwhile, artificial intelligence is transforming the development of medicines, with expedited processes and a larger range of areas researched. Current Show less Read more
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