Costs of cancer-fighting drugs
Submitted by Swaminathan S. on May 5, 2015 - 5:41pmIt is heartening to note that the cost of cancer-fighting drugs is dropping.
Reuters reports that Worldwide spending on cancer medicines reached $100 billion in 2014, an increase of 10.3 percent from 2013 and up from $75 billion five years earlier, according to IMS Health's Global Oncology Trend Report released on Tuesday, May 5.
The $100 billion, which represents 10.8 percent of all drug spending globally and includes supportive care drugs to address things like nausea and anemia, was driven by expensive newer treatments in developed markets, IMS found.