Posted by Michael Wonder on 03 Jul 2016
These 20 recently FDA approved cancer drugs essentially have 1 thing in common
3 July 2016 - This has become the new norm for cancer drugs, and neither consumers nor insurers are happy about it.
The U.S. FDA has been a busy bee of late. Even though the drug development process of taking a molecule from discovery to the pharmacy shelf can take upwards of a decade, the FDA has approved 73 novel drugs since September 2014. Of these 73 new drugs, a whopping 20 of them are targeting cancer.
It's not hard to understand why oncology is such a hot area of research for drug developers. According to the IMS Institute for Healthcare Informatics' annual Global Oncology Trend Report, cancer-drug sales totaled $107 billion in 2015, and they're expected to climb to $150 billion by 2020. Cancer, itself, is a large unmet disease, giving both big and small players an opportunity to make a difference, as well as fund future research with the potential profits of approved drugs.
