Economic

We have expertise in developing all kinds of model commonly used in HEOR

We develop economic model to evaluate cost-effectiveness of a drug or medical devices. Developing an economic model can be particularly useful for pharmaceutical and medical device companies as it:

  • Allows for an early engagement and validation with KOLs regarding the pertinence of the modelling approach
  • Enables identification of key value drivers
  • Provides an estimate of the economically justifiable price (EJP) which aids in critical decision making about conducting future trials on the molecule under development
  • Helps identify data gaps and prepare a plan to close them before submission to HTA agencies