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Better Access to Rare Disease Drugs: New Pricing Rules

This act aims to improve access to drugs for rare diseases by changing how they are treated in the drug price negotiation program. This could encourage pharmaceutical companies to develop new therapies, potentially leading to more treatment options for individuals with rare conditions.
Key points
Orphan drugs (for rare diseases) will have modified rules for price negotiations, potentially impacting their availability.
The time a drug was designated for a rare disease will not count towards the period after which its price can be negotiated, giving companies more time to recoup research costs.
The definition of an orphan drug has been expanded to include drugs for one or more rare diseases, potentially increasing the number of drugs covered by these special rules.
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Additional Information
Print number: 118_HR_5539
Sponsor: Rep. Joyce, John [R-PA-13]
Process start date: 2023-09-18