Silver Book Fact

Every additional dollar spent on newer, less toxic hormonal therapy for breast cancer patients has produced health gains valued at between $27.03 and $36.81.

Murphy, Kevin M. and Robert H. Topel. The Value of Health and Longevity. National Bureau of Economic Research Working Paper. May-2005; 11405. http://www.nber.org/papers/W11405

Reference

Title
The Value of Health and Longevity
Publication
National Bureau of Economic Research Working Paper
Publication Date
May-2005
Authors
Murphy, Kevin M. and Robert H. Topel
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Economic Value

Related Facts

  • Baseline lung cancer screening would lead to more than 130,000 additional survivors in 2012.  
  • Every additional dollar spent on overall breast cancer treatment has produced health gains valued at $4.80.  
  • The 5-year survival rate for localized breast cancer, is 98%–an 18% increase since the 1950s.  
  • Since 1975, the five year survival rate for breast cancer patients has increased by 40 percent.  
  • Close to one third of all drugs currently in the biopharmaceutical pipeline are for cancer, with around 5,500 potential first-in-class cancer medicines in development.