Whilst it is awful that this is happening to these kids, they are going to die. I hate to say it but it is a waste of money. Money spent on enjoyment. Not worth it.
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Survival stats are skewed because technological advances have detected cancer earlier than they used to. In the past they used to only detect things when they were terminal, so the survival rate was much lower. But now they can detect things much earlier and so the survival stats are misleading. The stats would have been the same back then if they had the technology to detect things early as now. But it's good in the sense of process of elimination, we know that the big 3 treatments are largely ineffective- chemo, radiation, and surgery. If they did cancer would be a thing of the history books, like polio or the bubonic plague.
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It's a [i]research[/i] hospital. The money doesn't get wasted just because a kid dies. Those kids are likely going to die from a rare disease, so St. Jude's basically gives them free healthcare for participating in data collection and experimental treatment. Kids' bodies change and heal faster because they are still growing and developing, so there's more value in studying them for cures. The samples collected from those kids, even if they die, will be useful to science for years.