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There is no offical cure for cancer. The standard cancer treatments are surgery,
chemotherapy and radiation. New cancer drugs are constantly being developed, but
their effectiveness is dubious. Several cancer drugs cost up to $100,000 a year
but have been shown to increase patient survival by 1-2 month. The main limitation
is the inability to deliver drugs to the desired target, which in turn leads to
undesired complications, such as deaths of healthy cells or multi-drug resistance.
Several startup companies have spawned up in the last few years, with the aim to
translate academic discovery into commercial sucesses. Recently, Food and Drug
Administration (FDA) approval of Abraxane (ABI-007), an albumin-taxol nanoparticle
for the treatment of breast cancer, has opened the doors for commerical
development of nanoscale drug delivery devices. According to Piotr Grodzinski,
Director of the NCI's Alliance in an interview by Forbes: "Today, there are 20 to
30 small companies in both diagnostics and therapeutics. A handful of those are in
clinical trials, and we expect another three or four will file applications this
year." Companies like Avidimer Therapeutics, Liquidia Technologies, Insert
Therapeutics, Intradigm, BIND Biosciences, and Carigent are working on various
approaches to develope multi-purpose nanoscale delivery platforms that enable
integration of several therapeutics, targeting technologies and other desirable
functionalities. Many of these companies take advantage of products that combine
established drugs with materials already used in FDA-approved therapies to avoid
FDA-approval hurdles. However, as nanomedicne moves from university laboratory to
clinical setting, FDA will need to come up with new approval strategies for these
novel technologies.