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Goldman Sachs44 min

Memorial Sloan Kettering Cancer Center’s CEO on the Future of Cancer Treatment

Selwyn M. Vickers, Brian Robinson, Dr. Selwyn Vickers

Interview, Fireside Chat, Conference Presentation

MSK Institutional Overview

  • Memorial Sloan Kettering (MSK) operates as a specialized $8 billion revenue entity with 22,000 employees, distinct from the average US health system which averages $1–2 billion in diversified revenue.
  • The institution generates approximately five major publications in top-tier journals (e.g., Nature, NEJM) monthly, often redefining care paradigms for lymphoma, myeloma, and gastric cancer.
  • MSK maintains the world's largest cancer tissue biobank, encompassing fluids, tissue, x-rays, and genomic data, serving as the foundation for its research output.

The "Golden Era" of Cancer Treatment: Key Drivers

  • Survival Trends: Cancer survival rates have increased from approximately 40% in the late 1990s to roughly 60% for all comers today.
  • Targeted Therapy: Systemic tumor sequencing identifies specific drug targets in 45–47% of patients, enabling precision oncology rather than standard off-the-shelf treatments.
  • Immunotherapy Advancements: Cellular therapies like CAR-T have flipped survival outcomes for aggressive liquid tumors (e.g., acute leukemia mortality shifted from 80% to 20% prior to therapy; post-therapy survival rates reversed this).
  • Vaccines: A phase trial using mRNA vaccines for pancreatic cancer (BioNTech partnership) increased 5-year survival from the historical 10% baseline to 90% in treated cohorts with minimal residual disease.
  • Computational Oncology: The field relies on experts with dual PhDs in abstract mathematics and molecular biology to manage the exponential growth of genomic data, where 90% of healthcare data was generated in the last five years and is projected to double in the next two.

Artificial Intelligence and Predictive Modeling

  • Large Language Models (LLMs): Training LLMs on unique MSK data (x-rays, pathology slides, lab values, and outcomes) allows for outcome predictions that surpass current genomic and clinical staging methods.
  • Predictive Capabilities: These models can predict tumor recurrence locations and survival probability with higher accuracy than traditional metrics.
  • Infrastructure Bottlenecks: Current AI scaling is limited by GPU availability; projects that could theoretically run in two weeks are taking five months due to computing constraints.

Emerging Risks and Prevention Trends

  • Rising Youth Incidence: Recent data indicates a 15–20% increase in colorectal cancer incidence among individuals under 40, with a projected 30% rise in the under-50 cohort between 2019 and 2030.
  • Etiology Factors: While obesity and microplastics are suspected contributors, no single environmental factor has been definitively isolated as the cause.
  • Preventive Behavior: Only 10% of at-risk Americans utilize low-dose CT scans for lung cancer screening, and colonoscopy rates have dropped to 45%.
  • Genetic Screening: Tools like "MSK-Choice" allow patients to screen for hereditary cancer risks (2–3% of the population) via mouth swabs, identifying germline mutations in 60–70 known genes.
  • Polygenic Risk Scores: Computational methods can now predict cancer and heart attack risks based on gene profiles rather than single-gene signals, offering superior accuracy to traditional markers like PSA.

Clinical Breakthroughs in Specific Cancers

  • Gliomas: Targeted drugs (e.g., IDH inhibitors) in glioma trials halted early due to efficacy, increasing survival capacity by up to 60%.
  • Colorectal Cancer (Mismatch Repair Deficiency): 100% cure rate achieved in 117 patients with mismatch repair-deficient tumors using checkpoint blockade immunotherapy, eliminating the need for surgery, radiation, or chemotherapy for this subgroup (5–7% of colon cancer cases).
  • Pancreatic Cancer: While surgical mortality has dropped from 25% to <2%, only 10–12% of patients are eligible for surgery; vaccines are now targeting neo-antigens to address minimal residual disease post-surgery.
  • Global Application: The immunotherapy protocol for mismatch repair-deficient colorectal cancer is being deployed in Nigeria, where 30% of cases share this genetic defect, offering a low-infrastructure cure option.

Health Equity and Social Determinants

  • Geospatial Epigenomics: A new research initiative led by the Jeffrey Canada Center investigates how location ("zip code") and environmental stress modify tumor aggressiveness, potentially making race less relevant than neighborhood conditions.
  • Outcome Disparities: Black men consistently demonstrate the lowest life expectancy and worst outcomes across all cancer types, driven largely by social determinants of health.
  • Economic Model: The US healthcare reimbursement structure incentivizes disease treatment over prevention, creating a barrier to widespread screening adoption despite evidence that early detection (e.g., low-dose CT) improves survival.
  • Access Barriers: Approximately 80% of patients needing CAR-T therapy cannot access it due to cost, highlighting a significant disparity in utilizing curative technologies.

Personal and Historical Context

  • Founder Background: Dr. Selwyn Vickers was born in the Black Belt of Alabama, the first African-American surgeon on the faculty at the University of Alabama at Birmingham, and the first to perform a major liver resection on a patient there.
  • Mentorship Philosophy: He cites a principle taught by a Johns Hopkins dean: "There is always room at the top," emphasizing that exceptional performance ensures professional opportunity regardless of market saturation.
  • Civil Rights Legacy: His parents lost their jobs twice for participating in civil rights rallies, reinforcing a family history of using education and professional excellence to fight systemic barriers.