Monday, October 21, 2013
I once asked an oncologist why chemotherapy medications were so expensive. The answer he gave (development costs, blahblahblah) was so clearly wrong that the only possible conclusions were that he didn't understand the first thing about economics (possible, but unlikely), or that it was a topic that he had decided to not think about, resorting to the pat answers the drug industry hands out. The correct answer, of course, is that cancer drugs are expensive because the manufacturers can charge what they like.
// posted by Bill @ 1:27 PM 
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Insofar as it seems that many cancers, as well as "orphan" conditions, appear to be finding success in highly targeted, genetically customized treatments, this is going to get worse before it gets better, barring a new model of development.
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