Wednesday, November 30, 2011

Investing in breast cancer

An item from The Times last September (found while doing the Sunday afternoon tidying up) announced that General Electric has joined with venture capitalists to form a $100m fund to finance the development of early detection, diagnosis & treatments for breast cancer.

Well what’s not good about that?

The worry is that the prospect of profits focuses on treatment of a disease which is becoming ever more prevalent, it seems – a news item the other week quoted a lifetime risk for women in this country which has now risen to 1 in 8 – the risk of getting cancer just by being a woman now the same as that of getting lung cancer for a smoker?

Shouldn’t we be putting more into finding out why – how much of this is down to methods of detection which find ‘cancers’ which do not need treatment?

Unit costs of cancer speciality drugs are rising by about 13% a year – that’s worth a $100m investment!