Orphan Drug Act Is Affecting The Pharmaceutical Industry

Satisfactory Essays
• How is the Orphan Drug act being exploited by the pharmaceutical industry as a means to raise drug cost?
• How does the Orphan Drug act affect the drug industry’s viability in continuing research and development of medications for the rare disease population?
Whereas the Orphan Drug act promotes rare disease drug research and development, consequently, the negative effect of increasing patient drug costs can be attributed to the pharmaceutical industry’s practice of the exploitation of the act for profit and in their determination if orphan drugs are viable.
Transparency in pricing
• How do factors, such as research and development, contribute to the high cost of medication?
• How much does competition contribute to price determination?
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