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Economics of ramucirumab for metastatic colorectal cancer
- Source :
- Expert Review of Pharmacoeconomics & Outcomes Research. 16:733-745
- Publication Year :
- 2016
- Publisher :
- Informa UK Limited, 2016.
-
Abstract
- Despite its FDA approval and incorporation into the National Comprehensive Cancer Network (NCCN) treatment guidelines, ramucirumab (RAM) is associated with a drug acquisition cost that is substantially higher than other approved options. Given its substantial cost, the presence of a viable alternative treatment option, and its minimal survival improvement, the usefulness of RAM in clinical practice has been called into question. Areas covered: In this paper, we outline the cost, benefits, and economic implications of RAM from a US perspective, as it is used in the treatment of mCRC. We also dissect its use in other tumor types and in other healthcare systems around the world, and briefly compare it with similar drugs targeting the vascular endothelial growth factor pathway. We used the search engine PubMed using the following as search terms: cost-effectiveness; ramucirumab; metastatic colon cancer; angiogenesis; and value-based medicine. Expert commentary: The use of ramucirumab in the treatment of mCRC serves as a microcosm of the worsening healthcare crisis within the US and the ongoing controversy regarding oncology drug costs, benefits, and value. Therefore, there must be a joint effort in moving towards value based pricing models.
- Subjects :
- Oncology
medicine.medical_specialty
Cost effectiveness
Colorectal cancer
Cost-Benefit Analysis
Antineoplastic Agents
Antibodies, Monoclonal, Humanized
Drug Costs
Ramucirumab
03 medical and health sciences
0302 clinical medicine
Internal medicine
medicine
Humans
Pharmacology (medical)
030212 general & internal medicine
Neoplasm Metastasis
Metastatic colon cancer
business.industry
Health Policy
Fda approval
Antibodies, Monoclonal
Cancer
General Medicine
medicine.disease
United States
Alternative treatment
Survival Rate
Treatment Outcome
Search terms
030220 oncology & carcinogenesis
Colorectal Neoplasms
business
Subjects
Details
- ISSN :
- 17448379 and 14737167
- Volume :
- 16
- Database :
- OpenAIRE
- Journal :
- Expert Review of Pharmacoeconomics & Outcomes Research
- Accession number :
- edsair.doi.dedup.....9dcc1da674cfd3371cac8ea1af988eec
- Full Text :
- https://doi.org/10.1080/14737167.2016.1259070