W&M Clears Bill That Limits Which Orphan Drugs Qualify For Tax Credits

The House Ways & Means Committee on Wednesday (Sept. 15) passed as part of its reconciliation bill a provision that limits the number of rare disease drugs that can qualify for tax credits under the Orphan Drug Act, despite rare disease organizations’ assertions the provision would disincentivize research and could limit patients’ access to life-saving therapies. Health subcommittee Chair Lloyd Doggett (D-TX) told lawmakers the Orphan Drug Tax Credit has been repeatedly abused. Under current law, orphan drug developers can...