Why drug discovery needs you Flashcards
What was the cost of a life-changing drug for cystic fibrosis?
- cost $327,000 per year
- Cost $5,700 to make
most countries have refused to pay that (only 12% of patients are receiving it)
How does Pharma decide the price of drugs?
they charge what the market will bear, not what is “right”
What was the average price of a new drug in 2007 vs now?
$2,115 now it’s $180,000
What big company should we be mad at, and why?
Pfizer
- played a major role in allowing us to get back to our normal lives, is making a profit of over $20 billion
What profession’s code were medical men bound to back in the day?
to make all advances in healthcare freely available to humanity
it would violate a physician’s Hippocratic oath to engage in profiting from a discovery
when the details of the method of preparation are published, anyone will be free to prepare the extract
At the current prices, how much would it cost to extend the lives of each cancer patient in the USA by 1 year?
$440 billion and no one would be cured
How much do cancer drug rise in the USA per year?
10%
How many new cancer drugs were approved in 2012? How much did they cost?
- 12
- 11 cost over $100,000 per year
- only 3 found to improve survival
- 2 increased survival by less than 2 months
What is Cetuximab?
lung cancer drug
- 1.2 months of extra life ($80,000)
- skin toxicity on 85% of patients
What is Bevacizumab?
lung cancer drug
- added 12-18 days of extra life
When is the cost “too much”?
in the UK, over 30k pounds but doesn’t give more than one year of life, it won’t be approved.
- Over 15k pounds is harmful as it takes away from other essential healthcare services
How much does CAR-T cost?
$300,000
What is the most expensive drug in the world?
gene therapy for adults with hemophilia B
$3.5 million
What is Elevidys?
gene therapy used to treat children with Duchenne (muscular disease)
costs $3.2 million
What were some benefits of children using Elevidys?
- walking 10 meters improved by 0.42 seconds over the placebo
- Rising from the floor improved by 0.64 seconds over the placebo
- improvement on a scale of 0-17 (drugs: 2.7; placebo: 1.9)
If we spend money on cancer drugs then we have to do without other things. What will we sacrifice?
- an extra year for your parent or child
- kidney transplant for a child
- fertility treatment for couples
- surgery for obesity
- free dental care
- treatment for drug addicts
- supported jobs for adults with autism
- Drugs to prevent HIV from mother to baby
- drugs to prevent children from catching malaria
- free education in Canada
Why are such high prices “needed”?
- the highest risk of failure industry
- 5-10% of drugs that enter trials make it to market
- 1 in 3 drugs that reach the market make a profit
- it costs over $2 billion to develop a new drug (with failures)
What do some models say about Pharma?
- some say, they are no longer sufficiently profitable (returns are below the cost of money)
- others say they are extremely profitable
What happens if a company is not sufficiently profitable?
- share price slumps
- management fired
- company taken over
- employees fired and assets stripped
- advertising