Cancer Drug Spending Is Headed Past $400 Billion as Colorectal and Pancreatic Cancers Move Up the Research Agenda

Global cancer drug spending is projected to exceed $400 billion by 2028, up from $252 billion in 2024, with the US accounting for 46%. Recent FDA approvals include daraxonrasib for pancreatic cancer and therapies for breast and colon cancers. Key companies like Oncolytics Biotech and Revolution Medicines are advancing treatments targeting RAS-mutant colorectal and pancreatic cancers, with significant clinical trial data expected soon.

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