Wednesday, March 18, 2015

Senate,slams big Pharmas for pushing costly Cancer drugs with limited benefits

In an explosive submission to a Senate inquiry, the medical brains who decide which drugs get government subsidies have lashed out at some of the big pharmaceutical company's strategies.
The Pharmaceutical Benefits Advisory Committee (PBAC) typically deliberates behind closed doors but has taken the unusual step of making a public submission.
In the submission it complained that some companies push costly cancer drugs which add little to a patient's life expectancy. It also accused some companies of using the timing of their submissions to the PBAC as a wedge to maximise their chances of approval by, for example, submitting an application for a government subsidy before the regulator has approved it for use.
The submission stated that some new cancer drugs would on average only add about two months to a patient's life, but can cost up to $100,000. "It is important to note that almost all new cancer drugs are not dramatically more effective than existing treatments," it stated. "PBAC is required to consider the adverse effects of new drugs compared to existing treatments, as well as the effect on quality of life.
"In the case Regorafenib (a bowel cancer drug) for example, the PBAC found that the very small gain in life expectancy was outweighed by the significant increase in toxicity as well as substantially higher costs." The committee said it was strongly opposed to suggestions that companies be allowed to bypass the PBAC to fast-track access to new cancer drugs.
It said this would greatly increase the costs to taxpayers and lead to "justified resentment" among patients with other diseases.
The committee said it was worried patients were being misled about the potential benefits of some medications.

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