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The global orphan drugs market presents many opportunities for new drug development, and advances in drug discovery capabilities coupled with regulatory and financial incentives are helping to generate rich pipelines of breakthrough treatments with true disease modifying properties, according to new analysis from Frost & Sullivan’s Product and Pipeline Assessment of the Global Orphan Drugs Market.
While there are only 172 approved orphan therapies, over 6,800 orphan diseases exist, according to the U.S. National Institute of Health (NIH), the authors say. Pharmaceutical and biotechnology companies are now rolling out therapies for serious, rare diseases, going beyond palliative care and targeting the underlying pathology to slow down or stop disease progression.
Read the full release here.