Orphan drug exclusivity

Encyclopedia : O : OR : ORP : Orphan drug exclusivity

Marketing exclusivity of twenty years given to drugs under the Orphan Drug Act ("ODA") in order to encourage greater amounts of research into treatments for rare diseases. The concept behind the ODA is that the longer period of exclusivity will encourgage more companies to invest money in research. The ODA has been very successful - more than 200 drugs and biological products for rare diseases have been brought to market since 1983. In contrast, the decade prior to 1983 saw fewer than ten such products come to market.

From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.