Orphan Drug Tax Credit
Tax Credit For Rare Disease Or Conditions
The Orphan Drug Tax Credit applies to qualified clinical trial expenses designated for rare disease or conditions. These conditions are usually called “orphan drugs”.
A Nonrefundable Orphan Drug Tax Credit Of 50% Of Qualifying Expenses
The orphan drug tax credit covers 50% of the clinical testing expenses, reducing the costs of developing drugs and products for small patient population.