There’s An ‘Explosion Of Innovation’ In New Cancer Therapies—But It Has One Big Drawback

There have been 68 new cancer treatments approved in the past five years.

That surge in treatments is coming with a higher cost. In 2016, global spending on cancer treatments hit $113 billion — up from $107 billion in 2015, according to a report released Thursday by the QuintilesIMS Institute. Those costs are expected to hit $147 billion by 2021, slightly down from the report’s projections last year.

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