Sid Labed
Founder
In 2020, the depression drug market was valued at around USD 13.7 billion and projected to reach USD 17.9 billion by 2028, growing at a compound annual growth rate (CAGR) of 2.5%. This market expansion is driven by the escalating prevalence of depression globally, the continued need for effective and well-tolerated treatments, and a growing demand for innovative therapies that can offer differentiated options for patients.
Depression is a leading cause of Suicide
Over 17 million people in US had sever depression episode.
economic burden of depression in the US was estimated to be over $210 billion in 2019
Blueshield Therapeutics' competitive advantage stems from our novel nanobody technology for depression treatment, promising to mitigate the limitations of existing treatments. The gap in the market for biologic depression therapies further amplifies our opportunity.