2013
DOI: 10.1177/2168479013487355
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Comparison of Stakeholder Metrics for Traditional and Adaptive Development and Licensing Approaches to Drug Development

Abstract: This study evaluates whether an adaptive development and licensing approach to drug development, compared with approaches widely used today, might have tangible advantages across stakeholder groups, thereby facilitating the future adoption. Details involving actual and modeled clinical development and licensing programs for 3 case studies were used as inputs into a discounted cash flow spreadsheet model. Outputs included net present value and expected net present value, which are metrics considered as key ince… Show more

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Cited by 17 publications
(23 citation statements)
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“…Simulation tools for adaptive decision‐making, for example, those being developed by Massachusetts Institute of Technology‐New Drug Development ParadIGmS, may provide a basis for more explicit cost analysis over a wide range of scenarios for both retrospective evidence generation and prospective planning …”
Section: Perceived and Real Issues With Adaptive Payer Pathways In Thmentioning
confidence: 99%
“…Simulation tools for adaptive decision‐making, for example, those being developed by Massachusetts Institute of Technology‐New Drug Development ParadIGmS, may provide a basis for more explicit cost analysis over a wide range of scenarios for both retrospective evidence generation and prospective planning …”
Section: Perceived and Real Issues With Adaptive Payer Pathways In Thmentioning
confidence: 99%
“…Although some argue that ABI is driven by an effort by industry to drive more profits faster, there are many factors that may come into play in ABI with potential implications for sponsor profitability . For example, in some cases, profitability may be significantly impacted by smaller markets for initial authorizations for more targeted subpopulations of patients, particularly given the current laws and policies related to intellectual property and market exclusivities.…”
Section: Common Abi Misconceptionsmentioning
confidence: 99%
“…Adaptive Biomedical Innovation (ABI), as described in a companion article in this issue, transforms a siloed process separated by independent decisions involving few stakeholders at each point into a more holistic process, with greater stakeholder engagement throughout . ABI emphasizes prospectively planned iterations of clinical evidence development throughout the therapeutic lifespan to improve patient access and safety through staged and contingent decision‐making.…”
Section: The Challenge Of Individually Crafted Clinical Trialsmentioning
confidence: 99%