Big pharma’s aversion to unprofitable pediatric cancer drugs
Children don’t stand a chance in this profit-driven industry when you consider each year adult cancer drugs are some of the best-selling pharmaceuticals for companies like Merck & Co., Pfizer, AstraZeneca, Bristol-Myers Squibb, and Johnson & Johnson.
According to an Evaluate Pharma analysis in 2020, the industry made $145.4 billion on oncology drugs alone and is projected to rake in $311.2 billion by 2026, making up 21% of the pharmaceutical industry’s total sales.
Dispelling the misleading metric of success
Although it is true that technology and treatments have improved over the last 50 years, resulting in a better overall survival rate, the optimistic statistics surrounding pediatric cancer do not tell the whole story.
The consequence of the misleading metric of “survival rates” is that what is not properly measured is not effectively managed. In other words, Congress, government agencies like the National Institutes of Health, and other policy makers are using data that gives only a partial picture of the burden of cancer on children as they develop health policies and make research funding decisions.
A call to action
In this movement to make pediatric cancer a national priority, we are protecting our children’s futures and their ability to live out their dreams. We are protecting the experiences we hope to share with them as they grow up. A mother’s love is powerful. A woman’s love is powerful. Let us use that power to protect our nation’s most precious resource.