COST SAVING OPPORTUNITY TO A HEALTH-SYSTEM ADALIMUMAB BIOSIMILAR TRANSITION PROGRAMME ACCOUNT WITHIN THE UK
Author(s)
Waker M1, Levysohn A2, Bodin M2, Keady S2
1MTW Consultancy Ltd, London, UK, 2Biogen International GmbH, Baar, Switzerland
Presentation Documents
OBJECTIVES: To determine the overall potential twelve-month savings opportunity when accounting for both drug acquisition cost savings and operational cost incurred in a theoretical UK account transition programme setting. METHODS: A simulated UK health system account was devised based on a cohort of 250 adult patients with a total annual usage volume of 6,500 units of the 40mg reference adalimumab biologic. Operational costs incurred for an individual patient transition were assumed to be £62.40 based on current NHS guidance. The reference adalimumab biologic price was assumed to be at list price with no further discounting with other biosimilar formulations at a discount of 50% and 65%. The account scenario was based on an immediate transition programme (assuming full patient consent for change in formulation had previously been obtained). RESULTS: At a discount of 50%, a potential full year effect saving of £1.14m could be achieved increasing to £1.49m at a 65% discount. Allowing for the operational transition costs of £15,600 (staff time, counselling, training and other related issues) for this cohort, savings could be expected to be similar after operational cost outlay. CONCLUSIONS: Operational costs are an important factor to consider when planning a transition programme. These costs will invariably be required to be an upfront cost impact but the longer-term savings through competitive pricing outweigh this initial investment. To maximise these savings, mechanisms between the payer and the clinical account need to be in place to allow for rapid adoption.
Conference/Value in Health Info
2019-05, ISPOR 2019, New Orleans, LA, USA
Value in Health, Volume 22, Issue S1 (2019 May)
Code
PBI8
Topic
Economic Evaluation
Topic Subcategory
Budget Impact Analysis
Disease
Biologics and Biosimilars