×

Register now for full access to all the content

First Name
Last Name
Company Name
Title
Country
Thank you for registering!
Error - something went wrong!
   

Real-World Data Strategies

August 22, 2017

Payers are more concerned with how drugs work in the real world than in controlled trial environments. Unfortunately, real-world data is expensive to collect. Fortunately, there are databases filled with real-world evidence that developers can use to support their value case in their submissions.

When it comes to approving a new drug, regulators are looking for evidence of efficacy (the drug’s desired effect) and safety (the drug’s undesirable effects, and how serious they may be). Payers, however, may have additional interests.

They are less concerned with how the drug works in a controlled trial environment than with how it will work in the real world, in real settings, with real patients living real lives. And, most assuredly, they are looking at the price the developer is proposing to charge for the drug. Often they will want to know whether it is cost-effective. That, too, largely depends upon how it performs—and the costs that attach to it—in the real world.

Previous Flipbook
Evidence of Value: How to Build A Robust Argument
Evidence of Value: How to Build A Robust Argument

Learn more about how to achieve regulatory and payer approval for drug discovery here!

Next Flipbook
How to Build a Sturdy Global Value Platform for Success in a Value-based World
How to Build a Sturdy Global Value Platform for Success in a Value-based World

Read this article to find out how PAREXEL can help you with your product value story!

×

Speak to one of our experts today

First Name
Last Name
Company Name
Title
Country
Tell us how we can help
We'll be in touch shortly!
Error - something went wrong!