Bharatbook.com announces a new report on "Europe Orphan Drug Market Outlook 2018" which concept of rare diseases and the idea that a special attention needs to be given to this sector has been taking shape in Europe since the 1990s.
City-Mumbai, State- Maharashtra, India., March 2, 2014 - (PressReleasePoint) -
Mar 03, 2014 : Bharat Book Bureau presents the new report, on 'Europe Orphan Drug Market Outlook 2018'. ever since then the political aspects and initiatives related to orphan medicinal products have been emerging at both the EU level and at the level of member states individually.
Many member states in the EU have led the way during the 1990s in the space of orphan medicinal products, the result of which took the shape of the first European legislative text concerning rare diseases called the Orphan Medicinal Product Regulation. This Regulation was adopted in 1999 and came into effect in 2000.
Europe is the second largest market for orphan drugs. In the European region, rare disease is considered to be a priority area and research in this field is given high importance by the EU Framework Programmes for Research and Technological Development (FP) ever since the early 1990s. Increasing the utilization of scarce resources and coordinating research efforts are the basic factors which have been responsible for success in the European rare diseases market. However, the absence of an exhaustive rare disease classification, standard terms of reference and a harmonized regulatory requirement, has always been a challenge in this region, which is currently impacting the global sharing of information, data and samples which would boost the research further.