In 2020, Evrysdi was approved, the first oral suspension medication available to SMA patients. This development ensures patients no longer have to travel and can independently medicate themselves from the comfort of their own homes. Influencers such as the ‘Wheelchair Rupunzel’ have documented their journey with SMA and brought insight to the general population on how important independence, control and options matter when administering medication. The continued development of SMA medication has given her the opportunity to travel, live independently and even successfully carry and give birth. There are numerous other stories highlighting how new medications have changed people’s lives.
Commercial benefits
Rare disease medications often serve niche patient populations, but the growing understanding and awareness of these conditions have led to an increase in diagnosis rates. Pharmaceutical companies investing in rare disease research have the potential to tap into expanding markets, driving commercial success while addressing unmet medical needs.
Recognising the unique challenges associated with rare diseases, regulatory agencies around the world have introduced incentives to encourage research and development. These incentives include extended market exclusivity, fast-track approvals, and reduced regulatory requirements, which not only facilitate the development of rare disease medications but also provide commercial advantages for pharmaceutical companies.
Companies engaged in rare disease medication research often garner a reputation for innovation, compassion, and patient-centricity. This fosters trust among patients, healthcare providers, and the wider community, strengthening the company’s brand.