The cost-effectiveness of biopharmaceuticals: a look at the evidence

MAbs. 2012 Mar-Apr;4(2):281-8. doi: 10.4161/mabs.4.2.18812. Epub 2012 Mar 1.

Abstract

Due to the increasing availability and costs of biopharmaceuticals, policymakers are questioning whether they provide good value relative to other health interventions and many are increasingly relying on cost-utility analyses (CUAs) to supplement decision-making. Analyzing data from the Tufts Medical Center Cost-Effectiveness Analysis Registry, this study critically reviewed the cost-utility literature for biopharmaceuticals and compared their value to other health interventions. Of 2,383 studies in the registry, biopharmaceutical CUAs comprised the sixth largest category of interventions at 11%. Characteristics of biopharmaceutical articles were similar to other CUAs; however, they displayed slightly better quality. The median cost-effectiveness ratio of biopharmaceuticals was less favorable (i.e., higher) than other interventions though many seem to provide value for money. A logistic regression showed that among biopharmaceuticals the cost-effectiveness of industry-sponsored studies and products that treat infectious diseases were significantly more likely to be favorable (less than the overall median), while cancer and neurological treatments were significantly less likely.

Keywords: biopharmaceuticals; cost-effectiveness; cost-utility analysis; economic analysis; quality adjusted life-year; value for money.

Publication types

  • Research Support, Non-U.S. Gov't
  • Research Support, U.S. Gov't, Non-P.H.S.
  • Research Support, U.S. Gov't, P.H.S.
  • Review

MeSH terms

  • Biopharmaceutics
  • Costs and Cost Analysis
  • Databases, Genetic*
  • Humans
  • Infections / drug therapy
  • Infections / economics
  • Neoplasms / drug therapy
  • Neoplasms / economics
  • Nervous System Diseases / drug therapy
  • Nervous System Diseases / economics
  • Registries*