Cancer remains one of the world’s leading causes of death, putting significant strain on health care systems, in terms of costs and resources. However, as the number of cancer diagnoses rises, so too does the development of innovative and efficient therapies that demonstrate higher chances of success with minimum side effects. Among the many types of cancer treatments, a growing number of patients receiving immuno-oncology therapies are reporting impressive results. In this landscape, leading biotech companies such as TapImmune, Inc. (NASDAQ: TPIV) (TPIV Profile), OncoSec Medical, Inc. (NASDAQ: ONCS), Agenus, Inc. (NASDAQ: AGEN), Immune Design Corp. (NASDAQ: IMDZ) and Kite Pharma, Inc. (NASDAQ: KITE) are giving patients hope by introducing new, effective classes of immunotherapy drugs for a wide range of cancers.
According to World Health Organization (WHO), cancer is the second-leading cause of death worldwide, responsible for about 8.8 million deaths in 2015. Statistically, one in six deaths is caused by cancer. Most of these deaths were caused by lung cancer, followed by liver, colorectal, stomach and breast cancer. In addition, the WHO expects a 70-percent rise in the number of new cases over the next two decades. In 2016 alone, there were an estimated 1.7 million new cases of cancer in the United States, with approximately 595,000 deaths. Subsequently, annual cancer drug spending is also…
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