Kashyap Patel, MD
The rising issue of drug prices is going to take time to resolve, but there are cost-effective strategies oncologists can practice in the meantime, said Kashyap Patel, MD.
at the 2018 NCODA Fall Summit, Patel discussed biosimilars and other potential cost-controlling measures in cancer care.
OncLive: What cost-effective strategies should oncologists implement?
: People keep talking about the drugs as a big part of the cost. But when you look at multiple studies, there are other areas that are low-hanging fruit in healthcare that can be addressed a lot more quickly. First of all, when you look at unnecessary hospitalization, this is something that can be reduced. We can see patients only when they need to be seen. That is one component of cost that has not been discussed.
There are some areas where steps can definitely be taken to bring in new strategies. Of course, we don't want to hurt innovation. Drug prices are always a challenge, but they bring in innovation. Without innovation, we would not be able to cure cancer. There are simple practices that can become priority to addressing drug prices.
Do you think biosimilars will soon play a bigger role in oncology?
Oh, now you are going to get me going. How much time do we have? Biosimilars are actually my favorite topic. I testified in front of the FDA about 2 weeks ago in terms of ODAC to support approved biosimilars. These are the real solution to driving down drug prices. If you have one possible solution for the future, it is biosimilars.
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