2 nov. 2022 · The annual price of a newly-launched cancer drug in the United States averaged $283000 last year, a 53% increase from 2017, according to a ...
What is the list price of a drug?
As mentioned above, most stories about drug pricing focus on the list price of a drug—the price a drug manufacturer initially sets. But the reality is very few people actually pay the list price, and the amount of money actually received by the drug company – the net price – is typically much lower.
How much is a month of chemo?
Depending on the drug and type of cancer it treats, the average monthly cost of chemo drugs can range from $1,000 to $12,000. If a cancer patient requires four chemo sessions a year, it could cost them up to $48,000 total, which is beyond the average annual income.
How cost effective are new cancer drugs in the US?
If we completely ignore the estimated reductions in old drug and hospital expenditure, the estimated cost per life-year gained is $17,104. Even the higher estimate would imply that, overall, cancer drug innovation has been highly cost-effective, by the standards of the World Health Organization and other authorities.