2018
DOI: 10.1002/pst.1870
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Decision‐making in drug development using a composite definition of success

Abstract: Evidence‐based quantitative methodologies have been proposed to inform decision‐making in drug development, such as metrics to make go/no‐go decisions or predictions of success, identified with statistical significance of future clinical trials. While these methodologies appropriately address some critical questions on the potential of a drug, they either consider the past evidence without predicting the outcome of the future trials or focus only on efficacy, failing to account for the multifaceted aspects of … Show more

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Cited by 9 publications
(7 citation statements)
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“…The power of 50% in our example may raise concerns for some readers, but it is inherent to the utilization of a dual‐criterion design based on statistical significance and clinical relevance (Roychoudhury et al., 2018; Saint‐Hilary et al., 2018). In dual‐criterion designs, the trial's success is determined not only by achieving statistical significance but also by exceeding a clinically meaningful threshold for the treatment effect estimate.…”
Section: Discussionmentioning
confidence: 99%
“…The power of 50% in our example may raise concerns for some readers, but it is inherent to the utilization of a dual‐criterion design based on statistical significance and clinical relevance (Roychoudhury et al., 2018; Saint‐Hilary et al., 2018). In dual‐criterion designs, the trial's success is determined not only by achieving statistical significance but also by exceeding a clinically meaningful threshold for the treatment effect estimate.…”
Section: Discussionmentioning
confidence: 99%
“…Due to its robust framework, PoS is commonly evaluated by sponsors in conjunction with a treatment's commercial potential when deciding whether to proceed to phase III for a given treatment and indication. 11,12 However, PoS is not a viable tool for drug repurposing since candidate treatments have established safety profiles allowing them to proceed directly to phase III. Without phase II data, it is difficult to construct a reliable prior for the unknown effect size which is required for PoS calculations.…”
Section: Introductionmentioning
confidence: 99%
“…Several quantitative frameworks have been proposed to support decision making [8][9][10][11][12][13] at key development milestones. These frameworks can use likelihood-based approaches to set the decision criteria, 11 modeling and simulation, 14 or Bayesian metrics to quantify risk such as assurance [15][16][17][18][19][20][21][22] and/or the expected net present value (eNPV) described below. [22][23][24] In this paper, we focus on the probability of success (PoS), which is a single number expressed as a percentage reflecting the multitude of risks that may influence the final outcome of a program.…”
mentioning
confidence: 99%
“…These frameworks can use likelihood-based approaches to set the decision criteria, 11 modeling and simulation, 14 or Bayesian metrics to quantify risk such as assurance [15][16][17][18][19][20][21][22] and/or the expected net present value (eNPV) described below. [22][23][24] In this paper, we focus on the probability of success (PoS), which is a single number expressed as a percentage reflecting the multitude of risks that may influence the final outcome of a program. 22 PoS is one of a number of drivers of go/ no-go decision making comprising company strategy, public health needs, costs, expected financial rewards, and balance between lower-and higher risk programs deemed acceptable by the company.…”
mentioning
confidence: 99%
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