Abstract
The approval process for pharmaceuticals has always included a consideration of the trade-offs between benefits and risks. Until recently, these trade-offs have been made in panel discussions without using a decision model to explicitly consider what these trade-offs might be. Recently, the EMA and the FDA have embraced Multi-Criteria Decision Analysis (MCDA) as a methodology for making approval decisions. MCDA offers an approach for improving the quality of these decisions and, in particular, by using quantitative and qualitative data in a structured decision model to make trade-offs in a logical, transparent and auditable way. This paper will review the recent use of MCDA by the FDA and EMA and recommend its wider adoption by other National Regulatory Authorities (NRAs) and the pharmaceutical industry.
Highlights
Many national regulatory authorities (NRAs) make decisions regarding the approval of new medicinal products using a risk-based approach
The Periodic Benefit-Risk Evaluation Report (PBRER) explicitly notes that formal quantitative benefit-risk analysis may be considered in the benefit-risk evaluation of a medicine and that the methodology used should be included in the PBRER report
We propose the use of an Multi-Criteria Decision Analysis (MCDA)-based framework in benefitrisk decision making by national regulatory authorities in a move towards greater harmonisation of the benefit-risk assessment across jurisdictions
Summary
The approval process for pharmaceuticals has always included a consideration of the trade-offs between benefits and risks. Until recently, these trade-offs have been made in panel discussions without using a decision model to explicitly consider what these trade-offs might be. The EMA and the FDA have embraced Multi-Criteria Decision Analysis (MCDA) as a methodology for making approval decisions. MCDA offers an approach for improving the quality of these decisions and, in particular, by using quantitative and qualitative data in a structured decision model to make trade-offs in a logical, transparent and auditable way. This paper will review the recent use of MCDA by the FDA and EMA and recommend its wider adoption by other National Regulatory Authorities (NRAs) and the pharmaceutical industry
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