2015
DOI: 10.2147/pgpm.s35063
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Economic evaluations of personalized medicine: existing challenges and current developments

Abstract: Personalized medicine, with the aim of safely, effectively, and cost-effectively targeting treatment to a prespecified patient population, has always been a long-time goal within health care. It is often argued that personalizing treatment will inevitably improve clinical outcomes for patients and help achieve more effective use of health care resources. Demand is increasing for demonstrable evidence of clinical and cost-effectiveness to support the use of personalized medicine in health care. This paper begin… Show more

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Cited by 29 publications
(39 citation statements)
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References 71 publications
(117 reference statements)
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“…Substantial economic barriers also remain 166. The stratification of patients with psychotic illness into more refined subsets may advance medication development, but it may also reduce the size of the potential market and deter industry investment 167.…”
Section: Challenges In Applying Pharmacogenomics In Trs and Future DImentioning
confidence: 99%
“…Substantial economic barriers also remain 166. The stratification of patients with psychotic illness into more refined subsets may advance medication development, but it may also reduce the size of the potential market and deter industry investment 167.…”
Section: Challenges In Applying Pharmacogenomics In Trs and Future DImentioning
confidence: 99%
“…Establishing the economic case for measuring more than one biomarker is a challenge, in practice, because different permutations of tests are possible, at different points along a care pathway, resulting in different expected cost and health outcomes [22]. For example, the NICE assessment of TNFi anti-drug antibody and drug level testing evaluated concurrent testing (both biomarkers measured at the same time) and reflex testing (anti-drug antibodies only measured if drug levels were not detected) in patients that had maintained response, or lost response, to their TNFi [68].…”
Section: The Economic Case: In Practicementioning
confidence: 99%
“…A systematic literature review of economic evaluations of pharmacogenetic tests to reduce the incidence of adverse drug reactions found allopurinol was one of a small number of treatments with robust cost-effectiveness evidence available, albeit in a limited number of countries 19 . Stratified medicine is relatively new, and consequently there are still challenges with conducting economic evaluations in this area, such as identifying where in a patient pathway the pharmogenomic test best fits, the use of surrogate endpoints, and identifying robust clinical evidence for all comparators 20 .…”
Section: The Economic Value Of Genetic Testing For Tolerance Of Allopmentioning
confidence: 99%
“…It is important that studies cover a sufficient sample size to accurately estimate the burden and potential benefits in relation to adverse events that may affect only a small subgroup of the population 20 . Once this is available, cost-effectiveness studies can be conducted to determine whether such interventions could be cost-effective uses of healthcare resources.…”
Section: The Economic Value Of Genetic Testing For Tolerance Of Allopmentioning
confidence: 99%
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