A review of industry-sponsored interventional studies, starting January 1, 2025, or later, reveals where development dollars are flowing and how the pipeline is evolving. The data highlights concentration in early development, persistent dominance of oncology, and an unmistakable surge in obesity and metabolic disease.
Trials by Phase
- Phase 1: 1,207 (26%)
- Phase 2: 853 (19%)
- Phase 3: 764 (17%)
- Phase 1–2: 415 (9%)
- Phase 4: 125 (3%)
- Early Phase 1: 58 (1%)
- Not Applicable (mostly devices/diagnostics): 1,095 (24%)
Most activity is clustered in early-stage trials, indicating a broad push to test new mechanisms with high attrition risk but long-term upside.
Top Conditions
Oncology leads but is no longer the only growth engine:
- Advanced Solid Tumors: 73
- Obesity: 66
- Breast Cancer: 44
- Ovarian Cancer: 36
- Atopic Dermatitis: 31
- Type 2 Diabetes: 28
- Heart Failure: 27
The data confirms oncology’s central role while showing significant investment in metabolic disease programs, driven by GLP-1 momentum and expanding into cardiometabolic indications.
Intervention Types
- Drugs: 62%
- Devices: 16%
- Biologicals: 10%
- Dietary Supplements: 4%
- Other categories: <5% combined
The pipeline remains overwhelmingly drug-dominated, with devices as a distant second. Biologics and advanced modalities remain relatively small in volume despite outsized attention in headlines.
Leading Sponsors
Top 10 companies by number of new trial starts in 2025+:
- AstraZeneca – 93
- Eli Lilly – 65
- Merck – 64
- Pfizer – 53
- AbbVie – 53
- Novartis – 50
- Bristol-Myers Squibb – 43
- Boehringer Ingelheim – 40
- Qilu Pharma – 40
- Sanofi – 39
The largest global pharma companies continue to drive the majority of new starts, reinforcing their control over high-value therapeutic areas.
Trendline
Trial initiations rise steadily month by month in 2025, indicating a rebound in sponsor confidence and sustained investment into 2026–27.
Outlook
- The front-loaded pipeline suggests significant volatility as early trials progress, with high failure rates but opportunities for step-change advances.
- Oncology remains the anchor, though obesity and cardiometabolic disease now rival it as growth engines.
- Devices and biologics contribute a meaningful but secondary share, unlikely to surpass drug trials in the near term.
- The largest multinational sponsors continue to dominate trial starts, consolidating influence over the development landscape.
Summary
Industry Trials starting 2025 onward
- 4,600+ new industry-sponsored interventional trials start from 2025 onward
- Phases: 26% Phase 1, 19% Phase 2, 17% Phase 3, 24% Not Applicable (devices/diagnostics)
- Top conditions: Advanced solid tumors (73), obesity (66), breast & ovarian cancer (80 combined), atopic dermatitis (31), type 2 diabetes (28), heart failure (27)
- Interventions: 62% drugs, 16% devices, 10% biologics
- Leading sponsors: AstraZeneca (93), Eli Lilly (65), Merck (64), Pfizer (53), AbbVie (53), Novartis (50)
Source: clinicaltrials.gov