- Karen McColl
- 1Dublin
An annual investment of $217bn (£134bn; €152bn) is needed to meet the shortfall in global spending on cancer care and treatment, says a report from the Economist Intelligence Unit.
The report, which was commissioned by the Lance Armstrong Foundation, calculates that of the estimated 12.9 million new cancer cases in 2009, almost two thirds (61%) will occur in low or middle income countries. Yet only 5% of the resources currently allocated to fighting cancer globally are spent in the developing world.
New cases of cancer will cost $305bn this year …
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