A flawed study depicts drug companies as profiteers

Wall Street Journal

9 October 2017 - Even the authors admit their selection criteria are a ‘critical limitation.’ That’s an understatement.

Are drug companies ripping off cancer patients? Of course they are, suggests a much-hyped study published last month in the journal JAMA Internal Medicine. The truth is more complicated.

Drug companies receive a staggering return on investment “not seen in other sectors of the economy,” write Vinay Prasad of Oregon Health and Science University and Sham Mailankody of Memorial Sloan Kettering Cancer Center. They estimate that pharmaceutical firms spend $720 million on average to develop a single cancer drug.

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Michael Wonder

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Michael Wonder