All entries for: Rare Diseases
SEED Therapeutics Inc.
Orphan Drug Designation
King of Prussia
1-50 employees
Scholar Rock, Inc.
Orphan Drug Designation
Cambridge
1-50 employees
Treatment of facioscapulohumeral muscular dystrophy
Epicrispr Biotechnologies
Later Stage VC
Epicrispr Biotechnologies raised $90 million to advance its pipeline of first-in-class epigenetic therapies for the treatment of neuromuscular and ophthalmic diseases, including facioscapulohumeral muscular dystrophy and Duchenne muscular dystrophy, both rare disorders.
Investment Amount (In Millions): 90
HepaRegeniX GmbH
Orphan Drug Designation
Tubingen
1-50 employees
treatment of frontotemporal dementia
HepaRegeniX GmbH
Orphan Drug Designation
Tubingen
1-50 employees
prevention of post-hepatectomy liver failure
Xadcera Biopharmaceutical (Suzhou) Co., Ltd.
Orphan Drug Designation
treatment of small cell lung cancer
United Therapeutics Corp
Neutral Outlook
Silver Spring, MD
1,001-5,000 employees
While the impact of the IRA on the pharmaceutical industry cannot yet be fully determined, it is likely to be significant.
Sarepta Therapeutics, Inc.
Neutral Outlook
Cambridge, MA
501-1,000 employees
The U.S. government and individual states continue to aggressively pursue healthcare reform, which includes ongoing attempts to manage utilization as well as control and/or lower the cost of prescription drugs and biologics. Recent years have seen a number of reform initiatives focused on drug pricing and payment. For example, the Inflation Reduction Act (“IRA”), passed in 2022, has had and will likely continue to have a significant impact on the pharmaceutical industry.
Tenaya Therapeutics, Inc.
Neutral Outlook
South San Francisco, CA
51-200 employees
For example, the IRA passed by Congress authorizes the Secretary of the Department of HHS to negotiate prices directly with participating manufacturers for selected medicines covered by Medicare even if these medicines are protected by an existing patent. While we do not believe that the IRA or its effects will impact our ability to obtain patents in the near future, we cannot be certain whether it will affect our patent strategy in the long run.
Akebia Therapeutics, Inc.
Neutral Outlook
Cambridge, MA
201-500 employees
On August 16, 2022, the Inflation Reduction Act of 2022, or IRA, was signed into law by President Biden. Among other things, the IRA imposes rebates under Medicare Part B and Medicare Part D to penalize price increases that outpace inflation (first due in 2023); and replaces the Part D coverage gap discount program with a new discounting program (beginning in 2025).