(A cure at any price?)
“Orphan” medications treatments for rare diseases have become an unlikely source of revenue for pharmaceutical companies, says the Wall Street Journal.
Under the U.S. Orphan Drug Act, passed in 1983 to encourage the development of treatments for rare diseases, pharmaceutical and biotechnology companies can exclusively market medications with orphan status for seven years.
According to the Journal, “what was originally envisioned as a modest sideline for drug companies has instead become a multibillion-dollar business.”
Some pharmaceutical companies charge as much as $600,000 annually per patient” for drugs that people would need their entire lives,” the Journal reports.
About 260 orphan medications currently are on the market, and an additional 1,400 are under development.
Source: Geeta Anand,A Biotech Drug Extends a Life, But at What Price? Wall Street Journal, November 16, 2005.
For more on Health: http://www.ncpa.org/iss/hea/
FMF Policy Bulletin/ 22 November 2005
