What Does ODA Stand For?
ODA stands for Orphan Drug Act Of 1983
The Orphan Drug Act of 1983 is a United States federal law that provides incentives for the development of drugs intended to treat rare diseases and conditions affecting fewer than 200,000 patients in the U.S. The Act offers benefits such as tax credits for clinical research, financial assistance for clinical trials, and seven years of exclusive marketing rights upon approval. Its primary goal is to encourage pharmaceutical companies to invest in the research and development of treatments for rare diseases, which are often neglected due to limited commercial viability.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym