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According to the American Cancer Society (Cancer Facts & Figures
2008), there will be 1.4 million new cases of cancer in the
U.S. alone. Also, the "National Cancer Institute estimates
that approximately 10.8 million Americans with a history of
cancer were alive in January 2004," of which many are
still undergoing treatment.
It is estimated that as many as 50% of all cancer patients
will undergo radiation therapy. Of those, approximately 40%
will suffer some form of radiation therapy-induced fibrosis (RTIF). Because ALT-0701 will be effective
as a preventive treatment, as well as a therapy for fibrosis,
AltruGen intends to treat all radiation tharapy patients
initially. Based on an estimated treatment cost of $2,000
to $2,500 per patient, BioCure Pharma believes this to
be a $1.4 to $3.5 billion market per year for the U.S. alone. |