ASCO: More about investors than patients?

  • The global market for oncology therapeutic medicines will reach as much as $200 billion by 2022, averaging 10 to 13 percent growth over the next five years, with the U.S. market reaching as much as $100 billion by 2022, averaging 12 to 15 percent growth.
  • Spending on cancer drugs has doubled over the past five years.
  • The average cost of a new drug released in 2017 was $150,000.
  • Cancer drug costs are expected to double again by 2022.
  • While cancer rates and rates of death have been steadily dropping, drug spending will go up.

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