Acute Myeloid Leukemia Market Expected to Reach $2.2 Billion Dollars By 2025
SPHERIX (SPEX)
US:NASDAQ Investor Relations:
spherix.com/investors.php
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Source: PR Newswire
PALM BEACH, Florida, Oct. 21, 2019 /PRNewswire/ -- Acute myeloid leukemia (AML) is an orphan's disease. The FDA defines an orphan's disease as a condition that affects fewer than 200,000 people nationwide. Before the passage of rare disease laws in the United States, patients diagnosed with a rare disease were denied access to effective medicines because prescription drug manufacturers rarely could make a profit from marketing drugs to such small groups. Consequently, the prescription drug industry did not adequately fund research for orphan product development. Other potential sources, such as research hospitals and universities, also lacked the capital and business expertise to develop treatments for small patient groups. Despite the urgent health need for these medicines, they came to be known as orphans because companies were not interested in adopting them. The American Cancer Society's estimates for leukemia in the United States, for 2019, indicates that approximately 61,780 new
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