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Health economic evaluation compares the associated costs and the clinical outcomes of multiple treatment alternatives and is presently used by payers as one of the many types of evidence to inform which drugs to fund. Given existing health-care budgetary constraints, payers are increasingly interested in knowing whether a new health technology will provide value (i.e. are the incremental costs justifiable with improved outcomes). Economic evidence can therefore impact whether a health technology will be successful in gaining market access. As a result, manufacturers are increasingly conducting early economic modeling exercises to help inform business strategy (i.e. how likely will the technology be successful?) and to plan ahead by identifying potential reimbursement hurdles (i.e. what information is likely needed to gain reimbursement?). Ulipristal acetate is currently approved in Europe for the pre-operative management of moderate to severe symptoms of uterine fibroids in adult women of reproductive age.
Ron Goeree
Watson Pharma;Actavis Specialty Pharmaceuticals Co
Mathematics
Manufacturing
McMaster University
Accelerate
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