Did you know that over 30 million Americans, or 1 in 10 people, struggle with rare diseases?
Despite this, the national economic burden of 379 rare diseases reached nearly $1 trillion in 2019. Patients often wait an average of 6.3 years before receiving a confirmed diagnosis, causing significant uncertainty and anxiety. Furthermore, 93–95% of the 10,000+ recognized rare diseases lack FDA-approved therapies.
What can potentially be done to reduce this burden and increase rare disease awareness and research?
➡️ Increased funding, collaborative research initiatives, and utilization of advanced technologies. Leveraging advancements in genomics, precision medicine, and digital health technologies can enhance our understanding of rare diseases and facilitate the development of targeted therapies tailored to individual patients.
➡️ Encouraging collaboration among researchers, healthcare providers, patient advocacy groups, and pharmaceutical companies can accelerate the pace of rare disease research.
➡️ Sharing data, resources, and expertise can lead to a more comprehensive understanding and faster development of therapies.
➡️ Regulatory agencies like the FDA can implement expedited review processes for rare disease therapies, such as accelerated approval pathways and orphan drug designations.
➡️ Most importantly, incorporating patient perspectives and experiences into the research and drug development process is crucial.
These mechanisms can also incentivize pharmaceutical companies to invest in rare disease research and bring treatments to market more swiftly.
Check out the attached reference article from #BIO for a well-crafted summary on rare disease advocacy and awareness.
#RareDiseaseWeek2024 #PatientAdvocacy #rarediseaseawareness #rarediseaseresearch
Founder & CEO AtmosR
3mo« Think out of the box!! ». Rare disease treatments can not be developed in the same way as treatments for more common diseases …