ATTACHING VALUE TO NON-EFFICACY METRICS- A PRICING STUDY

Author(s)

Forster L1, Kleinlankhorst E2, Sagar A21Double Helix Consulting, London, United Kingdom, 2Double Helix Consulting, London, Other ->, United Kingdom

OBJECTIVES: With fewer products in the development pipeline new technologies entering the market often rely on demonstrating alternative value offerings.  Improvements in administration and patient convenience are often desired but our aim is to discover whether this leads to a tangible pricing and reimbursement opportunity.   METHODS: In-depth analysis was conducted across an array of products in a variety of disease areas where improvements in administration were the only main differentiating factor. A variety of national and regional payers were interviewed across European markets to gain an understanding of the value attributed to these factors. Payer advising key opinion leaders, influential in aiding decision making, were also key to the research as they gave a more clinical perspective. In addition to value seen through administration, other endpoints such as quality of life were assessed in terms of offering a potential price premium. Qualitative analysis of these findings permitted us to place markets in the framework and extrapolate key findings to other key markets. RESULTS: With increased scrutiny of new medicinal products entering European markets since the economic uncertainty of the past 2 years, administration advantages only pertain to a marginal price premium opportunity.  Priority, in terms of pricing potential, is predominantly derived from value attributed to a product’s efficacy. CONCLUSIONS: Stakeholders, while enthusiastic about products offering patient advantages, had a low willingness to pay for administration improvements.  Physicians however were more positive towards the value they placed on patient convenience and would be willing to pay for administration and quality of life advances.

Conference/Value in Health Info

2011-11, ISPOR Europe 2011, Madrid, Spain

Value in Health, Vol. 14, No. 7 (November 2011)

Code

PRM1

Topic

Methodological & Statistical Research

Topic Subcategory

Confounding, Selection Bias Correction, Causal Inference

Disease

Multiple Diseases, Systemic Disorders/Conditions

Explore Related HEOR by Topic


Your browser is out-of-date

ISPOR recommends that you update your browser for more security, speed and the best experience on ispor.org. Update my browser now

×