This article may apropos:
www.bloomberg.com/news/2014-11-18/cost-to-develop-a-drug-more-than-doubles-to-2-56-billion.htmlI'm not sure if that cost also includes the number of drugs that don't make it through trials to market. Couple that with eventual manufacturing costs and at least reasonable profits, and it's a staggering amount of money.
Divide that by the number of patients receiving them, and the per-person cost may actually be rather high. (For example, $2.56 Billion divided by $93,000 per patient for Provenge says they need to sell over 25,000 treatments without
ANY per-treatment costs or profits just to recover the development cost.) Net out the "manufacturing" costs for each treatment, plus even a reasonable profit margin, and the number of treatments required goes even higher.)
The idea of cost for cure vs. cost for say another 4 months of survival is a great observation. I wonder if there's a value one can place on a day of life? How can one decide such a thing? Is it simply a cynical cost calculation, that my potential future earning possibility justifies a certain "repair" expense, or if one is retired then they're just a societal cost and not worth continuing? I hope it never comes to that. But still, a million bucks for a cure, or a million bucks for 4 more months? If it's MY 4 months? Hmm...
My sister's a pharmacist in a hospital setting, and I asked her a similar question. Do they ever consider whether a patient is a good long term bet, and thus worth heroic measures, or are they so close to end of life that it's not worth the cost? She said they do have discussions with groups of doctors like that in the hospital. Not the "death panels" that some cynically predict, but a compassionate discussion about
how much more treatment is really worth doing. For most of us there must come a point of diminishing returns.
Jerry