Biotech Values

[Titan V]

Merck CEO Ken Frazier Is A Quote Machine
http://www.forbes.com/sites/kathryndill/2016/12/04/merck-ceo-ken-frazier-is-a-quote-machine/#722ad7f9c7a4

On the true cost of treating cancer:

Different participants have different perspectives on value. If you’re one of the patients we discussed before who has no alternative, a newly diagnosed patient whose cancer isn’t responsive to any of these therapies, what’s the alternative? Economically you’re talking about hospitalizations, you’re talking about surgeries, you’re talking about radiation, you’re talking about chemotherapy, you’re talking about side effects, you’re talking about lost work, you’re talking about maybe losing your home, you’re talking about your family being disrupted--so the natural history of the disease needs to be put up here as the alternative.

On affordability’s real enemy:

The most important thing for us to have a holistic view of value is to have a holistic view of cost, because when you look at the cost of the natural disease, it’s actually cancer we can’t afford.