Orphan Drug | Orphan Medicines
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Orphan drugs are pharmaceutical agents developed specifically to treat rare medical conditions, often referred to as orphan diseases. These diseases are so uncommon that the potential market for new treatments is limited, making it economically challenging for pharmaceutical companies to invest in research and development. To address this issue, various governments and regulatory agencies provide incentives such as tax credits, grants, and market exclusivity to encourage the production of orphan drugs. The Orphan Drug Act of 1983 in the United States, for instance, has been instrumental in stimulating the development of treatments for rare diseases. Orphan drugs play a crucial role in improving the quality of life for patients with conditions that previously had little to no treatment options. Despite their benefits, these drugs can be quite expensive due to the high costs of development and the limited patient population. Nevertheless, the continued focus on orphan drugs is essential for addressing the unmet medical needs of individuals suffering from rare diseases.
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