Patents play a crucial role in protecting intellectual property and fostering innovation. However, over the years, the pharmaceutical industry has been criticized for manipulating the patent system to extend its monopoly on drugs, keeping prices high, and limiting access to essential medications. This blog post delves into the tactics employed by Big Pharma to exploit the patent system, the impact on consumers and healthcare, and the potential solutions to address these abuses.

The NIH identified 273 drugs in a review of FDA oncologic drug approvals. After applying exclusion criteria, 224 cancer drug approvals across 119 individual drugs were analyzed. Across all tumor types, the median annual cost for a course of an anticancer drug was $196,000 (IQR, $170,000-$277,000). As ASCO begins in Chicago, there will be a lot of PR targeted at Wall Street analysts but minimal discussion about the cost of cancer drugs.

The cost of cancer treatment has skyrocketed in recent years, placing an enormous financial burden on patients, healthcare systems, and society at large. Despite the promises of breakthrough therapies and advanced treatments, the harsh reality is that the pricing of many cancer drugs is not only unsustainable but also often fails to deliver the expected benefits. This situation raises significant concerns about the direction of cancer treatment and the priorities of the pharmaceutical industry.

Pharma companies play a pivotal role in developing life-saving medications and treatments. However, behind the facade of innovation and progress lies a concerning issue—the misuse of the patent system. While patents are intended to protect intellectual property and incentivize innovation, their exploitation by pharmaceutical giants has led to detrimental consequences for patients worldwide.

Paid search, like Google Ads, can be a powerful tool for driving traffic to your website. But for some businesses, it can also be a money pit for pharma eMarketers. Why? Because online health seekers trust organic search more, and with 50% of people in the US using ad blockers, your search dollars may be directing people to blank pages.

While the new weight loss medications promise rapid shedding of excess pounds, they often come with a host of severe side effects. In recent years, the emergence of new weight loss drugs has sparked hope for those struggling with obesity, but along with their potential benefits, they bring a set of risks that cannot be ignored.