Written description: a state of uncertainty

Substantial growth continues to occur in biological pharmaceutical product sales. The largest biologics market is North America, which accounted for 44.89% of the global market in 2016. Currently, biologics account for as much as 40% of prescription drug spending in the US. The global biologics market is predicted to expand at a compounded annual growth rate of 10.9% between 2016 and 2024 to $480 billion. The biologics market is dominated by monoclonal antibodies with a share of 43%.