The global economic burden of new cancer cases will be $305bn in 2009 with 12.9 million new cases predicted this year, according to a new report.

The Lance Armstrong Foundation report said there is a $217bn spending gap and that low and lower-middle income countries make up 65% of that gap in investment in cancer care.

Cancers have already progressed to where they are incurable in 80% of patients in developing countries, the report found.