January 25, 2021
Orphan drugs are used to treat orphan and rare diseases. The orphan drug industry is booming, with increasing focus from pharmaceuticals industry focused on mitigating the toll that rare diseases have on the world’s population every year, according to the BCC Research report, Drug Development in Rare Diseases: Focus on Clinical Trials and the Regulatory Landscape.
Factors boosting the market for orphan drugs include: legal frameworks such as tax credits and R&D grants; human genetic code sequencing; competition from generic drugs; competitive pricing; better manufacturing processes; and joint ventures and licensing agreements.
Read the full report here: https://www.bccresearch.com/market-research/pharmaceuticals/rare-diseases-drug-development-market.html
Drug Development in Rare Diseases: Focus on Clinical Trials and the Regulatory Landscape( PHM243A )
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