Despite an increase in the number of approved orphan drugs in Europe, the overall growth in cost of these medicines as a proportion of total pharmaceutical expenditure is likely to be sustainable over the next decade, according to the results of a new analysis published in the Orphanet Journal of Rare Diseases.
Currently perceived as a strain on resources, the budget impact of orphan drugs is projected to flatten from 2016 onwards. It is predicted to stabilize at around 4% to 5% of the total pharmaceutical spending in Europe by 2020, suggesting that affordability issues should not be a barrier to access to treatments for rare diseases.
Concerns about the cost of orphan medicines are delaying the acceptance and uptake of these medicines and have led to uneven access across Europe. Policy makers and health care managers are concerned that the future growth in orphan drug costs may be unsustainable to health care systems.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze