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How much should cancer drugs cost?

from The Wall Street Journal

One of the nation's top cancer hospitals is challenging the pharmaceutical industry to adopt a more rational approach to drug pricing. Memorial Sloan Kettering Cancer Center in New York has created an interactive calculator that compares the cost of more than 50 cancer drugs with what the prices would be if they were tied to factors such as the side effects the drugs produce, and the amount of extra life they give patients. In many cases, the website calculates a price that is lower than the drug's market price. more


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