A shift in medicine – why pharmaceutical companies are vying for the next blockbuster therapy – The Conversation – October 24, 2016

In recent years, there has been a shift in the focus of pharmaceutical companies, with the trend now focusing on discovering the next US$1billion “Blockbuster” medicine treatment for a rare disease state.

In a new research piece published by online medical news site, The Conversation, researchers have identified that one of the major factors, leading to this shift in focus for pharmaceutical companies, is that they are being offered incentives internationally to develop treatments for rare diseases, also called Orphan medicines.

According to The Conversation, these rules incentivise pharmaceutical companies to develop medicines for rare diseases – “orphan drugs” – that would otherwise not be commercially viable.

The incentives on offer include seven years of market exclusivity in the US, and ten years in Europe (which may be further extended for paediatric use); reduced or waived regulatory fees and tax credits.

To find out more, read the full story on The Conversation website, here.

 

One thought on “A shift in medicine – why pharmaceutical companies are vying for the next blockbuster therapy – The Conversation – October 24, 2016

  1. Matilda

    Excellent items from you, man. I have take note
    your stuff previous to and you are just extremely
    great. I really like what you have bought here, certainly like what you’re saying and the way in which by which you assert it.
    You are making it entertaining and you continue to
    care for to stay it sensible. I can’t wait to read much more
    from you. That is really a tremendous website.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *