...turns out this is
not always a great combination for patients
Many of us, including this author, are taking one or more of
the new and very expensive cancer drugs in our attempt to live longer and have
a better quality of life. New and expensive does not necessarily mean we will
live longer and better, however. We keep doing this (at least I do) because
there is not much in the way of alternatives. We seem to be at the mercy of the
most powerful companies in the U.S.
Here are some
excerpts
from Dr. Prasad’s book in his own words:
"Cancer drugs are outrageously expensive; but they are
worth every penny, right?
When you pay a lot for something, you want it to be great. This is true
of a new car, a new computer, a new pair of shoes—but it doesn’t seem to be
true for cancer drugs.
Recently, we heard that profiteers are raising the price of old,
established medicines. For many Americans, Turing
pharmaceutical and Martin
Shkreli have become four letter words.
But the problem of inappropriate prices is not just a few exceptional
cases; it is the norm in cancer medicine.
Before we talk price tag, let’s consider what we get for our money. In
medicine, there is always nuance, and it exists here. For example, there are
some excellent cancer drugs. Two that come to mind are imatinib—a revolutionary
pill that transformed a highly fatal leukemia into a manageable condition—and
rituximab—a monoclonal antibody that has improved survival in several cancers.
These drugs are expensive, sure, but no one can say they aren’t terrific. But
we can say that Novartis, the maker of Gleevec, has raised the price of the
drug from an already high $30,000 in 2001 to $76,000 today despite the fact
that it costs less than $200 dollars to manufacture a year's supply.
But at least Gleevec is a great drug. Most cancer drugs are not close to
being great—they have only a tiny positive impact on longevity and often cause
many side effects.
The median improvement in survival for 71 drugs approved by the US Food
and Drug Administration for treating solid cancers over the last decade is only
2.1 months. And there are two good reasons to assume that this remarkably short
reported extension is in fact an overestimate. First, the average age of cancer
patients in the real world is much older than those included in the studies
submitted to the FDA —60% of cancer patients are over 65, but they account for
just 36% of patients in key trials. Older patients—who are frailer and have
other medical problems—experience more side effects from cancer drugs and less
benefit.
Second, the majority of cancer drugs approved by the FDA are not
included in the 2.1 month figure, because their effects on overall survival are
unknown. Amazingly, most new drugs (2/3s) are approved on the basis of
improvement of a surrogate endpoint—e.g. a new drug shrinks a tumor on a CT
scan. We don't know that this shrinkage actually translates into a longer or a
better life.
So, the efficacy of most cancer drugs is minimal and may be even less in
the real world. How do we then explain why they are already so ridiculously
expensive and increasing in cost at a rate of 10% a year. Cancer drugs now
routinely cost more than 100,000 dollars for one year of treatment.
One way doctors measure the value of drugs is to ask how much is the
total drug cost to get us 1 year of quality life. Since most drugs just
add a few weeks or months, you have to treat many people to get just one year
of extra life. By this measure, most cancer drugs are outrageously expensive. A
new breast cancer drug costs ~$700,000 for a quality adjusted life year, and a
new colon cancer drug costs $900,000. And these figures apply only if you give
the drug the benefit of the doubt, and assume it works as well in the real
world as it does in FDA studies.
Not surprisingly, Pharma is our most profitable industry—double digit
returns ranging from 10% to 42% are routine, despite the overall disappointing
benefits of their products.
Reasonable people would say it’s fine to make a tidy profit when you
make a great drug—a drug like Gleevec. But we might also say it doesn’t seem
fair to keep raising its price over time, as the cost to make it is trivial,
and the research and development are already done. Steep price increases feel
like profiteering.
Reasonable people might also say that it doesn’t seem right to pay so
much for drugs that add so little—and only add that little bit under just right
conditions. Especially when the costs to make drugs are so low and profits are
so high.
What prevents us from being reasonable people? That is not just a
million dollar question, but a tens of billion dollar one. It involves rules
that prevent Medicare from negotiating the price of drugs and the intricacies
of the patent system. Solutions won’t be simple or easy, but the price of
cancer drugs is way too high, and we get far too little for it. The time for
reform is now."
As someone who is about to embark on yet another expensive cancer
drug experience I applaud Dr. Prasad. I wish him well and hope he can convince
enough of the right people (maybe even Congress) to take another look and maybe
even take action to decrease drug costs. My life, and many of yours, may depend
on it.
Post Text Here
To put a smile on your face see Larry's latest cartoon.
To learn more about clinical trials, take a look at our book.
(c) 2012 Tom Beer and Larry Axmaker
