Tuesday, September 8, 2015

Roche CEO lashes out at U.K.'s 'stupid' move on Cancer drugs

The U.K.'s special cancer drugs fund gave the heave-ho to a slate of treatments, including Roche's  cutting-edge breast cancer treatment Kadcyla and Celgene's Abraxane for pancreatic cancer. Drugmakers are hopping mad, cancer treatment charities are despairing, and the fund and some public officials are on the defensive.
Roche CEO Severin Schwan called the decision "stupid" and "completely arbitrary." The decision to stop funding the products shows a short-sighted focus on the drugs' prices, rather than on their overall value to the health system, he said during a Tuesday briefing with reporters. Effective drugs can save the healthcare system money, and they can also get patients back to work faster, which helps the economy, he said.
"It's stupid from a cost point of view," Schwan said. "How the hell can you ignore all these benefits?"

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