Value Vs. Values: ICER’s Review Of Opioid Abuse-Deterrent Formulations

The Institute for Clinical & Economic Review is setting an appropriately broad scope in its review of the abuse-deterrent opioid class. But the project opens up a much larger question of how broadly to define value – and how to weigh non-economic values – in cost-effectiveness reviews.

The Institute for Clinical & Economic Review is making waves in the biopharma sector by taking on a very difficult task: attempting to define a “fair” price for innovative new medicines, using a rigorous and transparent (if not universally accepted) methodology.

ICER’s formal “value and effectiveness” reviews started with a bang almost exactly one year ago, making national headlines by asserting...

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