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Published on: September 22, 2011
Developing a managed care-pharmaceutical research partnership
B E Lewis1, R Kimmelheim, K Gondek
1Focus Managed Research, Inc., Philadelphia, PA, USA.
Managed care organizations increasingly require cost-effectiveness data for new medications. This study details a partnership assessing a new osteoarthritis drug
Area of Science:
- Pharmacoeconomics
- Health Services Research
Background:
- Managed care organizations (MCOs) are increasingly demanding evidence of cost-effectiveness for new pharmaceutical products before formulary inclusion.
- Assessing the economic value of novel medications is crucial for MCOs' decision-making processes.
Purpose of the Study:
- To examine a collaborative research partnership between a pharmaceutical company and 14 MCOs.
- To evaluate the cost-effectiveness of a new medication for osteoarthritis (OA).
Main Methods:
- The study involved a partnership between a pharmaceutical manufacturer and 14 MCOs.
- A detailed study protocol was developed to guide research activities.
- Data collection and analysis focused on the cost-effectiveness of the OA medication.
Main Results:
- The research partnership facilitated the assessment of the new OA medication's economic value.
- The study protocol outlined the methodology for evaluating cost-effectiveness.
- Specific research activities were undertaken to gather relevant data.
Conclusions:
- Collaborative research partnerships can effectively evaluate the cost-effectiveness of new drugs.
- Evidence generated through such partnerships aids MCOs in formulary decisions.
- This approach supports informed decision-making regarding pharmaceutical adoption.
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