pain therapy market

Current State

A woman with a headache

The pain therapy market » Current state

Increasingly growing market

Neuropathic pain affects up to 10% of the population in Europe and the US. It has highly detrimental effects on quality of life, impairing everyday activities, social functioning as well as physical well-being. Neuropathic pain can be so severe that some patients are not even able to wear regular clothes.

Market growth is driven by a globally ageing population with an increasing prevalence of chronic diseases such as type 2 diabetes, which is one common cause of neuropathic pain. Other common causes are injuries, chemotherapy and shingles.

Insufficient treatments, life-threatening side effects

There are currently no pain-relieving drugs explicitly developed for neuropathic pain. Current treatments, such as medicines for epilepsy and depression, are inadequate and associated with severe side effects.

Conventional opioid compounds, such as morphine and oxycodone, are very useful in treating acute pain, but they are much less effective against chronic neuropathic pain, and they are not officially recommended by national advisory bodies.

Also, conventional opioids that affect the mu-receptor have significant, possibly life-threatening side effects (respiratory depression, nausea, constipation and  itching). Patients treated with conventional opioids quickly become tolerant to their analgesic (pain-reducing) effect, necessitating increased doses with an increased risk of toxicity. Furthermore, the euphoric effects of classical opioids like morphine have resulted in an epidemic of opioid overuse, particularly in the US, leading to thousands of deaths and costing health services billions of dollars which have led to multiple lawsuits against Big Pharma companies.

The drug candidate PN6047 does not affect the mu-receptor. Instead, it selectively activates the delta receptor (DOR) in the endogenous opioid system and is expected to provide safe and effective relief of neuropathic pain. The candidate has the potential to be first-in-class.

The estimated direct and indirect healthcare costs for neuropathic pain disorders in the EU vary between 2 and 3% of GDP. In 2016, this estimate would result in a cost of up to 440 bEUR. Introducing an effective and safe treatment for neuropathic pain would save the member states high costs and improve the quality of life for their people.

The US Opioid Crisis

20,145
Synthetic opioids other than Methadone
15,446
Heroin
14,427
Natural and semisynthetic opioids
10,619
Cocaine
7,663
Methamphetamine
3,314
Methadone

Since 1999 the amount of prescription opioids sold to pharmacies, hospitals, and doctors’ offices in the USA quadrupled with no overall change in the amount of pain that Americans reported.

Deaths from prescription μ-opioids  e.g. oxycodone, hydrocodone, morphine have also more than quadrupled since 1999.

Jan 2018; New York sued eight Pharma companies for fuelling the opioid crisis with conventional opioid medicines.

Latest news

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April 17, 2026

Watch PharmNovo at LSX in Lisbon

Take the opportunity to listen to Per von Mentzer, CEO, presenting PN6047 at the LSX World Europe congress in Lisbon, March 2026. Learn how PharmNovo is shaping a new approach to pain relief with the goal to prove that powerful pain treatment doesn’t have to come with the cost of addiction. Discover how the company’s lead candidate PN6047, delivers effective pain relief without activating the mu-opioid receptor and avoiding the addiction risks associated with conventional opioids. The Phase II-ready Delta Opioid Receptor Agonist (DORA) with first-in-class potential, PN6047 represents a safer, non-addictive approach targeting a neuropathic pain market that is expected to double until 2033 and reach 13 bEUR.

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April 9, 2026

Capsules ready for Phase IIa Study

PharmNovo is pleased to announce that that the company has completed drug product manufacturing for its lead candidate PN6047. This is an important milestone as the company prepares for its upcoming Phase IIa proof-of-concept study in neuropathic pain.

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January 30, 2026

Welcome on Board

As the company prepares for the next phase of clinical development, the new Board composition strengthens our strategic capabilities ahead of Phase II development of our lead candidate, PN6047.

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November 26, 2025

Endowed Chair awarded

We are delighted to share that Professor Amynah Pradhan has been awarded a prestigious Endowed Chair at Washington University, where she now serves as the Russell D. and Mary B. Shelden Professor of Anesthesiology.

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