'Government Must Help Rare Disease Patients'

"); jQuery("#212 h3").html("

"); });
2018-03-25 HKT 09:44
The legislator representing the medical sector has urged the government to push the pharmaceutical industry to cut the cost of drugs for rare diseases - often termed "orphan drugs" in the medical community.
Pierre Chan also complained that the HK$500 million earmarked for subsidising patients who need expensive medicine for such diseases is not enough.
Speaking on RTHK's Letter to Hong Kong, he said: "Five hundred million Hong Kong dollars is simply not enough when the prices of orphan drugs continue to rise.
"As part of his speech of the State of The Union address, President Donald Trump named tackling the injustice of tackling high drug prices a top priority for his administration in 2018.
"Likewise, our government should also show its determination to demand that the pharmaceutical industry brings down the cost of orphan drugs in order to alleviate the financial burden of the rare disease patients and their families."
Rare illnesses have gained prominence since a woman suffering Spinal Muscular Atrophy petitioned the Chief Executive, Carrie Lam. The genetic disorder affects the nervous system and takes away a person's ability to move and even breathe unaided. Lam promised to "personally" oversee efforts to ensure local access to the drug.
Revolut Considers China Expansion Amid UK Regulatory Hurdles
UK fintech giant Revolut is exploring a potential move into China, setting the stage for competition with domestic heav... Read more
ZA Global Backs RD Technologies With US$40M To Boost HKs Stablecoin Ecosystem
ZA Global has led a US$40 million Series A2 funding round for HK fintech firm, RD Technologies (RD), marking a signific... Read more
WeLab Hit Profitability And Now Wants 500 Million Customers Across Asia
From its humble beginnings as an online lender to its rise as one of Asia’s most ambitious fintechs, WeLab Group (WeL... Read more
HKMA Finalises Guidelines For Stablecoin Issuer Regulatory Regime
The Hong Kong Monetary Authority (HKMA) has published several documents in preparation for the implementation of the re... Read more
Cybercrime Is Surging Across APAC Yet Defences Remain Fragmented
APAC saw a sharp rise in human-led attacks in 2024, with attack rates growing over 60% year-on-year and increasing 37% ... Read more
Hong Kong Advances Trade Digitalisation With MLETR Adoption
Digitalisation is reshaping the global economy, and businesses must adapt to capitalise on emerging opportunities. In t... Read more