The document discusses orphan drugs and rare diseases in Latin America. It provides background on rare diseases, noting they are often chronic, life-threatening conditions without cures or treatments. It discusses how various nations have created incentives to encourage development of orphan drugs for rare diseases. The document argues the time is now for Latin America to work with stakeholders like patient groups, governments, and industry to accelerate adoption of orphan drugs in the region through initiatives. The value of orphan drugs is seen as higher than their costs.