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Posts with tag prices

Leading drugmaker Pfizer lays off 10,000

The world's largest drug maker -- Pfizer Inc. -- announced Monday it will cut 10,000 jobs and close at least five facilities due to fierce competition from generic drug makers. The goal, says Pfizer spokespeople, is to whittle away annual costs by $2 billion by the end of the year -- to combat the prediction that the company will lose 41 percent of its sales to generic drugs between 2010 and 2012.

Pfizer's other obstacles include expiring drug patents -- costing Pfizer about $14 billion in revenues between 2005 and 2007 -- as well as demands for lower prices by insurers and large purchasers, and repeated requests for evidence of products' worth.

The 10,000 layoffs amount to 10 percent of the company's global workforce and will take jobs from 2,200 United States employees. The company will cut 20 percent of its European sales force, will close three research sites in Michigan and two manufacturing plants in New York and Nebraska, and is considering selling a manufacturing site in Germany and closing two research sites in Japan and France. In the midst of all of this, the company will focus its efforts on transforming the way they do business.

"I believe we must transform the way we've done business in the past in order to be more successful in the future," said Jeffrey Kindler, CEO and chairman of Pfizer. " Incremental evolution is not enough. Fundamental change is imperative -- and it must happen now."

Pfizer's Monday announcement is the second declaration of budget cuts. A previous announcement has the company -- the maker of cancer drugs Aromasin, Ellence, Camptosar, and Sutent -- slashing costs by $4 billion a year until 2008.

Sisters design Healing Threads hospital wear

It could be the cure for the common hospital gown -- you know, the faded, ultra-thin gowns with the revealing and drafty designs. If only hospital buyers could fork over a few extra bucks, we could all lounge in our hospital beds in The Original Healing Threads -- a stylish alternative to standard-issue hospital attire.

Cancer patient Peg Feodoroff was thinking of the traditional humiliating hospital gown in the spring of 2003 while she was undergoing treatment for stage 3 melanoma and her sister, Claire, was undergoing chemotherapy for stage 4 metastatic colon cancer.

Feodoroff's thoughts led to an idea. And so she recruited Claire and another sister, Patty, and together the three sisters crafted a machine-washable, wrinkle-resistant, StainSmart garment with an Asian-inspired look and special features -- long, wide sleeves that roll up for tests, hidden panels easily accessed for bandage changing, inner pockets to hold treatment and drainage bags, and easy-to-use buttons, fasteners, and ties. Breakaway pants and robes and also part of the The Original Healing Threads collection.

A portion of The Original Healing Threads profits go to creating Claire's Foundation, a group supporting single mothers fighting terminal illnesses, in honor of Claire, who lost her battle with cancer just one year ago.

Don't wait for your local hospitals to buy into this novel idea. Buy one on-line for yourself or a loved one. Prices range from $44 to $120.

Wyeth hormone sales up despite cancer link

2006 will forever be the year linking the decline in breast cancer cases to the decline in use of hormone replacement therapy (HRT). This was big news on the cancer front, and while some argue other forces helped drive the breast cancer drop, there is still much speculation that the use of HRT somehow increases the risk of developing the disease. Even so, it is predicted that Wyeth's sales of hormone replacement drugs will have reached more than $1 billion as of yesterday, the last day of 2006.

Even more interesting is the prediction by analysts that revenue from the pills -- used to treat symptoms of menopause -- will rise five percent annually for the next several years.

It seems the sales growth, despite the overall decline in the HRT market, is primarily due to increased demand from wholesalers and price increases too.

It's hard to tell what will happen to the world of HRT in the year 2007 -- will women embrace what is considered the best therapy around for menopausal issues? Will they abandon the controversial treatment altogether? Will they find variations of HRT that meet their needs while minimizing risk for disease? Only time will tell.

Cervical cancer vaccine discount pursued for poor nations

United States drug company Merck hopes to offer the cervical cancer vaccine Gardasil to developing countries at much lower prices -- within months, if possible.

Currently, the three-dose vaccine is not affordable in the developing world -- where 80 percent of cervical cancer deaths occur and 95 percent of females have never had a Pap test . And while the exact discounted price has not yet been determined, Merck professionals report they are committed to slashing the price of Gardasil for these women.

Merck also aims to help developing countries receive drugs sooner. Right now, there is a time lag of 15 to 20 years between the approval of drugs in the West and the time they reach these countries.

International health experts are pushing for rapid worldwide access to Gardasil, the vaccine that protects women against the sexually transmitted human papillomavirus (HPV) which causes most cases of the disease.

At this time, the vaccine is available in the United States and in 13 European Union countries.

Cancer drugs getting too expensive?

In USA Today, Prices soar for cancer drugs, are some disturbingly stunning and eye-opening facts regarding the current cost of cancer drugs and an examination of where the costs might be headed. For example, Avastin, a newer drug used to treat colorectal cancer, costs about $50,000 dollars a year in treatment. That price is expected to go to $100,000 dollars a year if Avastin is approved to treat breast and lung cancers. It would be an understatement to say cancer patients and insurance companies are concerned. It's an uneasy feeling.

Some cancer drugs can cost $10,000 dollars a month for a single drug. The average monthly cost for a prescription cancer drug is estimated at $1,600 dollars. Without insurance, few could afford to buy life saving drugs and the consumer has to be sitting precariously perched at the mercy of insurance companies to keep funding the medicine. I think it would be safe to say that any cancer patient among the 45 million uninsured Americans is going without much-needed  medications if they have to come up with the money to buy the drugs. At these prices it is not possible.

"These costs are out of control," says Fran Visco, president of the National Breast Cancer Coalition, which is planning a conference focused on drug costs in the fall. "We can't allow it to continue." Who is going to stop the drug companies from charging what they want?

"It's really exploiting the desperation of people with a life-threatening illness," says Marcia Angell, former editor of The New England Journal of Medicine.

I just posted about quacks who exploit the desperation of cancer patients. While I do not equate drug companies with that jailed quack specifically, there seem to be more bad guys than the obvious scoundrels who prey on vulnerability. I don't have the answers but I am pessimistic about how this turns out for the cancer patient. I have yet to see anything in our society fall in price. I don't begrudge a business of profit -- but this is starting to look like a free-for-all and forget who might be hurt along the way.  What do you think?

Air pollution to alternative fuels Autoblog goes green

What is hanging so toxic in the air? According to the latest data from the U.S. Environmental Protection Agency, benzene from cars and trucks that burn gasoline or diesel fuel. Other toxins causing higher risks for cancer where air pollution is the worst are naphthalene and acetaldehyde -- also from vehicles.

Autoblog, one of our sister blogs, has launched AutoblogGreen, which will feature posts on living an eco-friendly lifestyle in all things auto-related in green car culture. They will be keeping a close ear to the ground and fingers to the keyboard to give readers an up-to-the-minute accounting on the auto industry's efforts to create transportation that is fuel-efficient and cleaner for the environment.

From our perspective here at The Cancer Blog, transportation going green means a giant step towards a cancer prevention environment. From air pollution to alternative fuels, check AutoblogGreen out! It's a very cool, forward-thinking blog.

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