The role of patient groups in increasing awareness of
orphan drug development has been widely recognized for pharmaceutical
orphan drugs in the United States and has been emphasized in the European project.
One example of the financial implications of the
Orphan Drug Act is Celgene, which has been one of the top beneficiaries of the legislation.
Furthermore, it is important to recognize that the nutritional supplement problem is not a rare disease problem, and it therefore has no relationship to the
Orphan Drug Act.
Orphan Drug Designation in Europe is offered to companies developing products aimed at treating a life-threatening or chronically debilitating condition that affects fewer than five in 10,000 persons in the European Union.
"Receiving
orphan drug designation is an important regulatory milestone," said Steve Lisi, chairman and chief executive officer of AIT Therapeutics.
"This review concludes that two of every three
orphan drugs approved show the FDA's flexibility in its review of effectiveness data on
orphan drug therapies," says Sasinowski.
14 September 2009 - The European Medicines Agency (EMEA) has recommended granting
orphan drug status to the Intravenous CP-4126 drug for the treatment of pancreatic cancer of Norwegian company Clavis Pharma ASA (OSL:CLAVIS).
Orphan Drug designation in the European Union provides a 10-year period of post-approval marketing exclusivity and other financial incentives for new drugs that offer significant therapeutic advantage over other approved treatments of rare conditions (conditions affecting no more than 5 in 10,000 persons).
In 1983, Congress passed the
Orphan Drug Act to encourage development of pharmaceuticals used in the treatment or diagnosis of diseases that occur so rarely that there is no financial incentive for development of these so-called "
orphan drugs." The Act established, among other things, exclusive marketing rights on unpatentable
orphan drugs for a period of seven years and a tax credit equal to 50 percent of the cost of conducting human clinical trials.
M2 EQUITYBITES-June 7, 2019-US FDA grants
orphan drug designation to Reata Pharmaceuticals' bardoxolone methyl
M2 PHARMA-June 7, 2019-US FDA grants
orphan drug designation to Reata Pharmaceuticals' bardoxolone methyl
Since its inception, the application process for
orphan drug designation in the U.S.