Sunday, September 13, 2009

Pfizer: All eyes on Cancer drugs


The past fortunes of the world’s largest pharmaceutical company, Pfizer, were built on cardiovascular drugs. But now, it hired about 1,000 researchers to develop cancer drugs. The other companies are also pouring billions of their dollars. The high prices of cancer drugs are creating an irresistible lure to the companies.
Studies revealed that the cancer is caused due to the genetic changes in the cells and these tumor cells can develop resistance against drugs. Even id the drug provides the little benefit; the patients are ready to pay huge.
Last year, there are 23 cancer drugs among the top 200 medicines in the term of sales. Cancer drugs have been the biggest category of drugs since 2006. Such money attracts the companies.

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