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Fortune
Fortune
Craig Garthwaite

Big pharma's patent cliff meets a new biotech Cold War: We need to outrun China, not outlaw it

craig (Credit: Al Drago/Bloomberg via Getty Images)

Patrick Swayze, Alex Trebek, and Ruth Bader Ginsburg all died of pancreatic cancer. They were wealthy enough to afford any treatment that existed. But there simply wasn’t a drug available — at any price — that could save their lives. This is the cruelest access problem in healthcare. The most expensive illness is not the one with the costliest drug, but the one with no drug at all. The price of a cure not yet invented is effectively infinite.

That was true for pancreatic cancer, until now.

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