Monday, February 29, 2016

The skyrocketing price of new Cancer Therapies

As therapies become more sophisticated and the cancerous targets become more specific, costs are skyrocketing for prolonging life, sometimes just weeks over what used to be possible.
Of the 12 new cancer drugs approved by the U.S. Food and Drug Administration in 2012, 11 were priced above $100,000 U.S. per patient annually.
Only three were found to improve patient survival rates and, of those, two increased survival by less than two months on average.
In just one decade, from 2005 to 2015, the cost of intravenous cancer drugs has tripled, from $112 million a year to $322 million.
Ipilimumab, marketed as Yervoy, is approved to treat late-stage melanoma, a particularly deadly cancer. The cost for four doses administered over 12 weeks: $120,000 (U.S.). The overall survival benefit? Just 3.7 months on average, not much longer than the length of the treatment.
There’s nivolumab, marketed as Opdivo and approved for use to treat late-stage melanoma.
The cost per year for an average patient: $157,000 (U.S.). The average amount of time before the disease began to worsen for those taking it? Less than six months in one recent clinical trial.
One new drug called cetuximab, which was being tested in a certain type of lung cancer.
In the trial, overall survival improved by just 1.2 months on average. The cost for an extra 1.2 months of survival? About $80,000 (U.S.).
“If we allow a survival advantage of 1.2 months to be worth $80,000, and by extrapolation survival of one year to be valued at $800,000, we would need $440 billion annually, an amount nearly 100 times the budget of the National Cancer Institute,
to extend by one year the life of the 550,000 Americans who die of cancer annually.


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