Sen. Hatch Bill Would Increase Orphan Drug Incentives
Senator Orrin Hatch (R-UT) has introduced the Orphan Product Extensions Now Accelerating Cures and Treatments Act (OPEN ACT) of 2017. He says it would build on the success of the Orphan Drug Act to provide additional incentives to increase market potential for companies that repurpose previously approved drugs for treating rare diseases. Specifically, the OPEN ACT, S. 1509, would provide an additional six months of market exclusivity to drugs that are repurposed and approved by FDA. It would apply to currently approved drugs that are still under patent, according to a Hatch release, and the six-month extension would be in addition to other types of exclusivity, such as pediatric or qualified infectious disease product exclusivity.