Cancer drugs can top $100,000 a year
3/27/2006 Chicago, IL Jim Ritter Chicago Sun-Times (www.suntimes.com) A new generation of high-tech cancer drugs is extending patients' lives, but the costs are stunning. Take Erbitux, approved for advanced colorectal and head-and-neck cancers. It costs $327 a day, $9,800 a month, $118,000 a year. And that doesn't count the cost of administering the intravenous drug New drugs for non-Hodgkin's lymphoma and for lung, breast, pancreatic, kidney and stomach cancers also cost thousands of dollars a month. Drug companies are seeking to expand the lucrative market by testing the drugs on other cancers. They also are developing new drugs. "Some of these agents are outrageously expensive," said Loyola University Health System oncologist Dr. Patrick Stiff. Expensive to Make Drug companies make no apologies. They say their new drugs are much more expensive to make than traditional chemo drugs. Companies say they need to recoup the hundreds of millions of dollars it can take to bring a new drug to market. It's a risky business. Many drugs that work well in the lab and in animals fail in human trials. For example, Onyx Pharmaceuticals has been in business 14 years and raised $700 million from investors. But so far, Onyx has brought only one drug, Nexavar, to market. Nexavar, for advanced kidney cancer, costs $4,333 a month. "Given the time, the odds and the cost, there has to be a return for the capital that goes into it," Onyx CEO Hollings Renton said. None of the new drugs cure cancer, and for [...]