Developments in IPV Vaccines to Drive Revenue Growth
Expanding IPV Vaccine Coverage Globally
As polio nears global eradication, health organizations are working to
transition all countries from using oral polio vaccine (OPV) to inactivated
polio vaccine (IPV) exclusively. IPV does not carry the rare risk of
vaccine-derived polio cases that can occur with OPV. To complete polio
eradication and ensure the world is protected once OPV use stops, the World
Health Organization (WHO) recommends all countries introduce at least one dose
of IPV into their routine immunization schedules by end of 2015. Achieving
global IPV introduction represents a major opportunity for vaccine
manufacturers to access new markets.
Several developing countries have recently introduced IPV or have plans to do
so in the coming years. India introduced IPV in 2015 with support from vaccine
partners and Gavi, the Vaccine Alliance. Pakistan and Nigeria are also working
towards IPV introduction. Gavi recently announced it will provide funding
support to help 73 countries transition from trivalent to IPV. Wider IPV use in
developing countries will require vaccine suppliers to scale up production
capacity and lower per-dose costs to meet subsidized prices. Those able to
expand access in low-income markets stand to significantly grow their IPV
revenue.
Transition to IPV Poses Supply
Challenges
Transitioning all OPV-using countries to IPV presents infectious disease
organizations and vaccine suppliers with major supply chain and production
challenges over the next several years. Current global IPV manufacturing capacity
of around 100 million doses per year is far below the estimated long-term
demand of over 600 million annual doses once all countries introduce IPV.
Potential shortages could delay immunization schedules if additional capacity
is not brought online in time.
The two main suppliers - Sanofi Pasteur and GSK - have plans to expand but
scaling up IPV production is complex given the extensive safety testing and
regulatory approvals required for vaccines. Both are building or upgrading
existing IPV production facilities with expectations of doubling or tripling
their respective capacities by 2018-2020. Other manufacturers including Bharat
Biotech and Bio-Med are also developing IPV vaccines but on smaller scales for
domestic and regional markets. Those who can deliver on expanding capacity
while maintaining quality and low prices stand to capture more market share as
IPV demand surges globally.
New IPV Presentations in Development
With the looming switch from trivalent to IPV, manufacturers are working to develop
new, easy-to-administer vaccine presentations that could improve uptake and
cost-effectiveness in routine programs. Sanofi Pasteur recently received
approval for its easy-to-administer IPV injector device in Australia, providing
a model for introduction in developing countries. The one-dose, single-use
injector eliminates the need for mixing and loading syringes, reducing the
skill level needed and risk of contamination compared to vials. Other new
formats in development could include lyophilized IPV
Vaccines versions that stay
stable without refrigeration.
New IPV combination vaccines are also being tested which may offer public
health benefits. For example, trials are underway for an IPV-hepatitis B
vaccine. Combining IPV with proven and widely used vaccines like pentavalent
could enhance immunization schedules in developing nations and improve the
positive impact of Gavi's IPV funding. Manufacturers who deliver IPV in novel,
easy-to-use and combination presentations stand to increase the accessibility
and adoption of IPV globally as the market transitions in the coming years.
Changes in Polio Eradication Strategy
Impact Market Demand
The polio vaccination landscape has fundamentally changed with the new endgame
eradication strategy adopted by the Global Polio Eradication Initiative (GPEI)
in 2012. In addition to the IPV switch, campaigns are shifting to using
bivalent oral polio vaccine (bOPV) which protects against only types 1 and 3
rather than the full trivalent formulation. This greatly reduces the risk of
vaccine-derived polio cases from type 2. With IPV and bOPV deployment, total
polio vaccine market demand is expected to rise significantly before declining
over the long term as wild polio is eliminated.
Vaccine suppliers are closely monitoring GPEI’s strategic plans and adapting
accordingly. While production of trivalent OPV will cease, bOPV demand is
surging. Manufacturers expanding bOPV capacity like Sanofi Pasteur have
captured more campaign supply contracts. Transition activities themselves
including synchronized bOPV and IPV introduction campaigns represent a major
revenue opportunity over the next 3-5 years. Those able to reliably deliver sufficient
volumes of all three polio vaccines – IPV, bOPV, tOPV – as eradication
strategies change hold a strategic advantage in the shrinking but lucrative
polio vaccine market.
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