Opinion: Covid-19 and remdesivir: rethinking how we measure a drug’s ‘value’
As pharmaceutical and biotech companies scramble to identify treatments for Covid-19, a new disease that initially had none, we must begin to figure out what is an appropriate pricing approach — and price — for emerging therapies. Remdesivir, Gilead Sciences’ repurposed antiviral drug, offers the first opportunity to do this.
The Institute for Clinical and Economic Review (ICER) has conducted the first value assessment of remdesivir, a drug with early evidence of treatment effectiveness. Its analysis, however, is premature and highlights many of the flaws inherent in today’s value assessment models.
