Oncologists urge public-private global cancer fund

10/1/2013 | Reuters · Bloomberg

The pharmaceutical and medical industries should join with governments worldwide to create a global fund for cancer similar to the Global Fund to Fight AIDS, Tuberculosis and Malaria, a coalition of oncologists attending the European Cancer Congress said. Cancer already costs the global economy an estimated $895 billion a year in lost productivity, and there will be nearly 26 million annual new cases of cancer by 2030, most of them in developing nations, according to a report presented by the researchers. "There's no single source of philanthropy, there's no government, there's no company, there's no single institution that can afford" the $217 billion annual cost to bring cancer diagnosis, care and treatment in poor countries up to the standards of wealthy nations, said Peter Boyle, director of the Institute of Global Public Health at Strathclyde University in the U.K.

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