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Quarterly Drug Pipeline: July 2025

Clinical insights and competitive intelligence on anticipated drugs in development

July 31, 2025

Editor-in-chief's message

Welcome to Prime Therapeutics’ (Prime) Quarterly Drug Pipeline! Dive into clinical insights and competitive intelligence on anticipated drugs in development, so you are well-sourced on the drug pipeline. 

Methodology

The drug pipeline is complex and fluid. Our talented and committed team of clinical and analytics experts are excited to bring you this robust publication after thoughtful research. Specialty and traditional drugs that are covered under the pharmacy and medical benefits are featured. New molecular entities, pertinent new and expanded indications for existing medications, biosimilars and regenerative medicines, such as gene and cellular therapies, are also profiled.   

The Quarterly Drug Pipeline details both agents submitted for FDA review and those in Phase 3 studies with a likelihood to apply to the FDA. Our Deep Dives consider the evidence, the products’ potential to fill an unmet need or become the new standard of care, and the ability to replace existing therapies.   

A market agnostic financial forecast primarily from Evaluate is included for select agents to assist payers with assessing the potential budgetary impact of the pipeline. Five-year projected annual U.S. sales are forecasted for select agents.   


Reflection

Thus far in 2025, the agency has approved 20 novel drugs, close to the number of approvals about the same time last year. Of note, most of the approvals so far in 2025 use at least one of the FDA’s expedited approval programs.  

Some of the noteworthy approvals in the second quarter of 2025 include a new option for ovarian cancer, an autologous cell sheet-based gene therapy for a rare genetic skin disorder, a new ophthalmic for dry eye disease, an oral agent for Berger’s disease (a kidney immune disease) and a new monoclonal antibody for respiratory syncytial virus (RSV) prophylaxis in infants.  

While numbers do not tell the entire story, they do represent significant innovation in patient care and advance public health for the American public. 


On the horizon

The FDA decisions for specialty medications (68%) and for orphan drugs (37%) continue to grow for agents with applications submitted to the FDA. Five therapies, all for Orphan conditions, are seeking FDA’s Accelerated Approval. FDA’s Accelerated Approval pathway allows for earlier approval of drugs to treat serious conditions, and fill an unmet medical need based on a surrogate endpoint. Confirmatory trials are needed to confirm clinical benefit for these drugs to remain on the market.  

Notable anticipated approvals for third quarter 2025 include:  

  • First SC version of Keytruda in the oncology setting 
  • First treatment for non-relapsing secondary progressive multiple sclerosis 
  • An off-the shelf gene therapy for a rare genetic condition caused by human papilloma virus 
  • A first-in-class agent for bronchiectasis, a chronic inflammatory lung condition 
  • A new mechanism of action for spinal muscular atrophy 

A hot topic in the drug pipeline that continues to garner significant attention is GLP-1s. Visit Prime’s GLP-1 Pipeline Update to learn more. Select highlights include:  

  • Injectable semaglutide (Wegovy) indication for metabolic dysfunction-associated steatohepatitis (MASH) – FDA decision Aug. 18, 2025 
  • Oral semaglutide (Wegovy) formulation for weight loss – FDA decision in fourth quarter 2025 

We hope you enjoy the report! 
 

Maryam Tabatabai
Associate Vice President, Clinical Information 

Editorial team

Maryam Tabatabai, PharmD

Editor-In-Chief
Associate Vice President, Clinical Information 


Carole Kerzic, RPh
Executive Editor
Drug Information Pharmacist Principal


Nicole Kjesbo, PharmD, BCPS
Executive Editor
Clinical Program Development Director Senior 

 

Consultant panel


Samantha Decker, PharmD
Medical Pharmacy Clinical Pharmacist

Natalee Felten, PharmD, BCPS  
Medical Pharmacy Clinical Pharmacist 

Andrea Henry, PharmD, MBA, BCPS  
Drug Information Pharmacist Principal

Katie Lockhart
Director, Trend and Forecasting Analytics
Clinical Outcomes, Analytics, and Research 

Danny Melson
Data Scientist Principal

Olivia Pane, PharmD, CDCES
Drug Information Pharmacist

Devon Trumbower, PharmD, BCPS
Medical Pharmacy Clinical Pharmacist

All brand names are property of their respective owners.

The drug pipeline is fluid; the dates and information within this publication are subject to change. Nothing herein is or shall be construed as a promise or representation regarding past or future events and Prime Therapeutics expressly disclaims any and all liability relating to the use of or reliance on the information contained in this presentation. The information contained in this publication is intended for educational purposes only and should not be considered clinical, financial, or legal advice. By receipt of this publication, each recipient agrees that the information contained herein will be kept confidential and that the information will not be photocopied, reproduced, distributed to, or disclosed to others at any time without the prior written consent of Prime Therapeutics.
 

Deep dive

The Deep dive section features an analysis for select pipeline drugs that are expected to be FDA-approved in the upcoming quarters. Selected agents are expected to have a high clinical and/or financial impact on healthcare. Agent selection considers the evidence — the products’ potential to fill an unmet need, become the new standard of care, or the ability to replace existing therapies. Typically, Deep dives focus on new moieties, however, existing drugs that may offer a novel mechanism of action for existing conditions may be featured. Agents granted designations from the FDA to expedite review and/or support development and evaluation of pipeline drugs are also considered.
 
Specialty drug names appear in red throughout the publication.

Keep on your radar

Notable agents that are further from approval have been identified in this unique watch list. These are products with the potential for significant clinical and financial impact. Their development status is being tracked on the Quarterly Drug Pipeline radar. These pipeline products, their respective class or proposed indication, as well as an estimated financial forecast for the year 2029, are displayed. The financials are projected total annual U.S. sales, reported in millions.

Drug list

The pipeline drug list is an aerial outline of drugs with anticipated FDA approval through 2026. It is not intended to be a comprehensive inventory of all drugs in the pipeline; emphasis is placed on drugs in high-impact categories. Investigational drugs with a recent Complete Response Letter (CRL) are also reported.

Gene and cellular therapies

Biosimilars

Specialty

Traditional

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