Mississauga, ON -- (SBWIRE) -- 05/22/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Cellceutix Gets Nod From IRB For Additional Enrollment in Clinical Trial of New Cancer Drug Candidate."
Companies mentioned in this article include Cellceutix Corporation (OTCPK:CTIX).
A recent report showed that worldwide spending on cancer drugs has hit $100 billion for the first time. Spending on oncology drugs has increased to record levels even as several innovative treatments are still under development.
The IMS Institute for Healthcare Informatics reported recently that worldwide spending on cancer drugs reached $100 billion, increasing 10% from the previous year. One reason why spending on cancer drugs has reached such levels is because many drugs are priced at well over $100,000. In fact, prices of several cancer drugs that are currently in development are expected to be even higher.
Among the cancer therapies currently under development, the one that has created the most excitement is immunotherapy, which harnesses the body's immune system to fight tumors. Several major pharma companies are developing their own immunotherapies and it is one of the hottest areas in cancer research.
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