Cancer is like a crisis in the U.S. in terms of prevalence and cost and is the second leading cause of death in the U.S. According to a study, the cost of treatment with a newer cancer medication may reach over $100,000 per year for each patient.
Precision medicine is an approach to treatment which utilizes genetic variables to tailor treatment to a specific patient. Precision medicine recently received a stamp of approval from the U.S. government which approved the 21st Century Cures Act.