The outlook for transplant-ineligible multiple myeloma patients has improved enormously over recent years with the incorporation of new agents into standard regimens. Novel regimens combine melphalan and prednisone (MP) with bortezomib (VMP), with thalidomide (MPT), and with lenalidomide with (MPR-R) and without (MPR) lenalidomide maintenance. The efficacy, safety, and cost-effectiveness of these regimens have not yet been compared; therefore, we conducted a pharmacoeconomic analysis using data from randomized controlled trials versus MP. Using a Markov model developed from a U.S. payer's perspective, we compared VMP with MPT and MPR-R over a lifetime horizon. MPT and MPR-R were chosen because, like VMP, they are superior to MP in response and outcomes. Data from the Velcade as Initial Standard Therapy in Multiple Myeloma (VISTA; VMP), Intergroupe Francophone du Myelome (IFM) 99 -06 (MPT), and MM-015 (MPR-R) trials were used. The IFM 99 -06 study was selected because of the superior activity in this study compared with other MPT studies. Using patient-level (VMP) and published (MPT, MPR-R) data, we estimated the health-state transition and adverse event probabilities for each regimen, related costs, and statespecific utility estimates. Costs (in 2010 U.S. dollars) and health outcomes were discounted at 3%.Discounted lifetime direct medical costs were lowest with VMP at $119,102. MPT cost $142,452 whereas MPR-R cost $248,358. Incremental cost-effectiveness ratio calculations projected that VMP would confer cost savings and better health outcomes relative to MPT and MPR-R. We conclude that VMP is highly likely to be cost-effective compared with MP, MPT, and MPR-R. The Oncologist 2013;18:27-36
Implications for Practice:There is a growing number of treatment options available for previously untreated, transplantineligible multiple myeloma patients, based on the combination of melphalan and prednisone (MP) with bortezomib (VMP), thalidomide (MPT), or lenalidomide plus lenalidomide maintenance (MPR-R). These regimens confer substantial improvements in patient health outcomes compared with MP. However, they are also associated with higher costs than MP. With limited healthcare budgets, it is important to determine the most cost-effective treatment option. This paper presents the first published analysis of the potential cost-effectiveness of these regimens based on efficacy and safety data from randomized clinical trials. The findings show that VMP is projected to provide cost savings compared to MPT and MPR-R, and to be a cost-effective treatment option compared to MP, MPT, or MPR-R in previously untreated, transplant-ineligible multiple myeloma patients when managed within the U.S. healthcare system. These findings support the recommendation to use VMP for this patient population.