Discuss the potential benefits and drawbacks of the Orphan Drug Act as mentioned in the text.
Orphan Drugs: Costs
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Health Sciences, Social Studies, Biology
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University
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Hard
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The video discusses the Orphan Drug Act, highlighting its economic impact and market exclusivity benefits. It examines specific cases like Pomalyst and 3,4-DAP, analyzing their pricing and market dynamics. The cost-effectiveness of orphan drugs is evaluated, considering the willingness to pay for quality-adjusted life years (QALYs). The video also covers FDA approvals and the influence of the Orphan Drug Act on drug development. It concludes with a call for viewer support through Patreon.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the implications of drug manufacturers gaming the Orphan Drug Act?
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