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RxOutlook4th Quarter 2017OptumRx brand pipeline forecast Drug nameGeneric nameCompanyDrug classTherapeutic reroute of administrationRegulatory statusEstimated release dateSpecialty Orphan drug drug2017
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Specialty orphan is a designation given to certain drugs that treat rare diseases or conditions affecting a small number of people.
Drug manufacturers or sponsors are required to file for specialty orphan designation with the regulatory authorities.
To fill out a specialty orphan application, the drug manufacturer or sponsor must provide detailed information about the drug, disease, patient population, and evidence of the drug's efficacy.
The purpose of specialty orphan designation is to incentivize the development of drugs for rare diseases by providing benefits such as market exclusivity, tax credits, and regulatory fee waivers.
Information such as the drug's name, intended use, disease prevalence, mechanism of action, and clinical data must be reported on the specialty orphan application.
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