A proposed conceptual model for orphan drug market entry

The right to health is closely linked to the physical in mental well-being of all individuals in is a necessary condition for the realization of additional human rights, including the realization of an adequate standard of living. Rare diseases are diseases that affect a very small proportion of the population in have a special place because of their rarity. They are often chronic, progressive, life-threatening health conditions. Some of them can be treated with medicines called orphan drugs. Orphan drugs are developed by the pharmaceutical industry not for economic reasons, but to meet public health needs. New treatments need to be evaluated before they reach the market. This is done using health technology assessment, which assesses the relative effectiveness of new medicines, medical devices in other health technologies. The market entry of orphan drugs requires the active involvement of all stakeholders: marketing authorisation holders, competent authorities, the medical profession in patient organisations. Model of market entry for orphan drugs was developed using the qualitative methodology of constructivist grounded theory, tailored to the niche market in considers all key categories.

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Publication Details

Journal
Mednarodno inovativno poslovanje = Journal of Innovative Business and Management
Published
2024-11-28
DOI
https://doi.org/10.32015/jibm.2024.16.2.1
Primary Topic
Biotechnology and Related Fields
Type
article
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article

A proposed conceptual model for orphan drug market entry

Tina Vukasović, Nataša Jalen
Mednarodno inovativno poslovanje = Journal of Innovative Business and Management
Biotechnology and Related Fields
article

A proposed conceptual model for orphan drug market entry

Tina Vukasović, Nataša Jalen
article en

Abstract

The right to health is closely linked to the physical in mental well-being of all individuals in is a necessary condition for the realization of additional human rights, including the realization of an adequate standard of living. Rare diseases are diseases that affect a very small proportion of the population in have a special place because of their rarity. They are often chronic, progressive, life-threatening health conditions. Some of them can be treated with medicines called orphan drugs. Orphan drugs are developed by the pharmaceutical industry not for economic reasons, but to meet public health needs. New treatments need to be evaluated before they reach the market. This is done using health technology assessment, which assesses the relative effectiveness of new medicines, medical devices in other health technologies. The market entry of orphan drugs requires the active involvement of all stakeholders: marketing authorisation holders, competent authorities, the medical profession in patient organisations. Model of market entry for orphan drugs was developed using the qualitative methodology of constructivist grounded theory, tailored to the niche market in considers all key categories.

Mednarodno inovativno poslovanje = Journal of Innovative Business and ManagementVol. 16(2)
University of Primorska (SI), International School for Social and Business Studies (SI), DOBA Business School (SI)
Peace, Justice and strong institutions
Openalex Percentile: Top 65%
Biotechnology and Related Fields
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