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Multiple Criteria Decision Analysis (MCDA) for evaluating new medicines in Health Technology Assessment and beyond: The Advance Value Framework

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  • Angelis, Aris
  • Kanavos, Panos

Abstract

Escalating drug prices have catalysed the generation of numerous “value frameworks” with the aim of informing payers, clinicians and patients on the assessment and appraisal process of new medicines for the purpose of coverage and treatment selection decisions. Although this is an important step towards a more inclusive Value Based Assessment (VBA) approach, aspects of these frameworks are based on weak methodologies and could potentially result in misleading recommendations or decisions.

Suggested Citation

  • Angelis, Aris & Kanavos, Panos, 2017. "Multiple Criteria Decision Analysis (MCDA) for evaluating new medicines in Health Technology Assessment and beyond: The Advance Value Framework," Social Science & Medicine, Elsevier, vol. 188(C), pages 137-156.
    • Handle: RePEc:eee:socmed:v:188:y:2017:i:c:p:137-156
    DOI: 10.1016/j.socscimed.2017.06.024
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    17. Jason C Hsu & Jia-Yu Lin & Peng-Chan Lin & Yang-Cheng Lee, 2019. "Comprehensive value assessment of drugs using a multi-criteria decision analysis: An example of targeted therapies for metastatic colorectal cancer treatment," PLOS ONE, Public Library of Science, vol. 14(12), pages 1-17, December.
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