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Median survival for patients with metastatic colorectal cancer has nearly doubled over the past 15 years with the introduction of several new drugs, including monoclonal antibodies. The increments in survival, however, have been relatively modest when placed in the context of the costs of therapy. Using a Markhov model on a hypothetical cohort of 1,000 patients, the incremental cost-effectiveness ratio per documented life-year was greater than $170,000, well beyond the usual standards for cost effectiveness.

Things We Don't Like to Know: The High Cost of New Cancer Treatment