Published on 14 Nov 2022 on Insider Monkey via Yahoo Finance

10 Most Promising Gene Therapy Companies to Watch

In this piece, we will take a look at the ten most promising gene therapy companies to watch. For more companies, take a look at 5 Most Promising Gene Therapy Companies to Watch.

Gene therapy is a revolutionary new technology that has followed the growing advances in computing power. The human body is estimated to be made up of 20,000 genes, and these are the basic programming blocks of its structure. They determine the characteristics that make humans unique and are responsible for a variety of traits such as hair and eye color, height, skin color, and others.

The gene therapy sector also has some of the strongest growth estimates that you are likely to come across. For instance, a report from the research firm Grand View Research believes that this industry will grow at a compounded annual growth rate (CAGR) of 20.4% by 2028 for an estimated value of $10 billion. The research firm attributes this growth to the increase of viral vectors in developing treatments and the growing popularity of gene therapy for treating cancers such as melanoma and B-cell lymphoma. Other diseases that are currently on the radar of gene therapy include muscular atrophy and arterial disease.