RE: Cost of CiRT test kit?24 Jun 2022 12:52
Thanks Heartshares, so a $3,500 efficacy test representing 2% in relation to an average $190,000 treatment plan could well capture the market. From previous OBD rns' below, the eligible target market would appear to be 40% of 16.6m (6,640,000x $3,500) - even at a 1% uptake thats 66,400 x $3,500 = £232.4m USA revenues - Wow if the numbers are right!
...An estimated 16.6M people were living with cancer in the US in 2019. And it is estimated that there will be 1.9M new cancer cases in 2022 . Across the 15 indications for which immune checkpoint inhibitors have been approved as the first line (1L) or the second line (2L) of treatment, approximately 40% of all patients are eligible for ICI therapy...
Despite their potential efficacy, it has been estimated that ICIs are ineffective for up to 70% of patients treated, and these ineffective therapies in the US alone could add over 42% to annual spend. Currently, there are no predictive tools that accurately report the expected efficacy in individual patients.....
the high prices of ICIs, e.g. Keytruda costs approximately $190,000 in the US. It is estimated that annual savings to the US healthcare system through the personalised administration of ICIs following accurate prognosis could amount to as much as $10B+....