Healthcare Companies Search for New Ways to Oppose the Spread of Cancer

Cancer is among one of the leading causes of death in the world since many countries are burdened by the lack of access to adequate healthcare, which results in the high number of deaths. In 2018, the World Cancer Research Fund (WCRF) estimated that there were 18 million new cancer cases worldwide. Among the 18 million, 9.5 million were men and 8.5 million were women, while the most commonly diagnosed cancers were lung, breast, and colorectal. The three top diagnosed cancers accounted for over a third of global cases. Most cases of cancers are caused primarily by risk factors which include poor diet, nutrition, and physical condition. However, in some instances, cancer can be caused by hereditary factors such as genetics or even environmental impacts. The WCRF even said that around 40% of cases could have been prevented in 2018 if patients had a more well-rounded diet. Now, due to the increasing rate of cases, biotechnology and pharmaceutical companies are challenged with developing new therapies and treatments to aid patients suffering from cancer. Within the cancer marketspace, some companies are developing and manufacturing treatments designed to suppress the side effects. Others are aiming to neutralize the cancerous cells and prevent spreading, while yet others are ultimately looking for a cure for cancer. Regardless of the segment companies are involved within, collectively, they are bolstering the overall cancer therapy market. And according to data compiled by Mordor Intelligence, the global cancer therapy market was valued at USD 136.25 Billion in 2018. By 2024, the market is expected to reach USD 220.70 Billion, exhibiting a CAGR of 8.37%. SourcingLink.net, Inc. (OTC: SNET), CEL-SCI Corporation (NYSE: CVM), Curis, Inc.  (NASDAQ: CRIS), Geron Corporation (NASDAQ: GERN), NewLink Genetics Corporation (NASDAQ: NLNK)