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SOURCE BrokerBank Securities, Inc.
NEW YORK, June 13, 2014 /PRNewswire/ -- Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN) is a biopharmaceutical company that is engaged in the discovery, development and commercialization of innovative treatments for infectious diseases. Within the anti-infective market, the company is primarily focused on developing commercially competitive, short duration combination therapies for the treatment of chronic hepatitis C virus (HCV) that are once-daily and ribavirin-free.
Hepatitis C is an infectious disease primarily affecting the liver caused by HCV, and is spread mainly by blood-to-blood contact associated with intravenous drug use, poorly sterilized medical equipment and transfusions. Chronic hepatitis usually occurs in 55-85% of people and can lead to permanent liver damage, which can result in the development of liver cancer, liver failure or death. The World Health Organization (WHO) estimates that approximately 130-150 million people in the world have chronic HCV, with the most affected regions being Central and East Asia and North Africa. About 3 to 4 million people are infected each year and more than 350,000 people die yearly from HCV-related diseases. In a recent report from January 2014, GBI Research estimated that the HCV global market will grow to a value of $18.6 billion by 2019 -- more than tripling its 2012 market value of $5.8 billion.
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