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SOURCE Decision Resources Group
Surveyed Payers Formulary Placement of Novel Agents is Likely to be Influenced by Breakthrough Therapy Designation, According to Findings from Decision Resources Group
BURLINGTON, Mass., July 14, 2014 /PRNewswire/ -- Decision Resources Group finds that breakthrough therapy designation is likely to positively influence perceptions of emerging drugs for both oncologists and payers. Results of a survey of 100 oncologists (50 medical oncologists and 50 hematological oncologists) and 30 medical directors and pharmacy directors of managed care organizations (MCOs), reveals that despite lower familiarity with the regulatory designation than oncologists, the majority of payers say this designation will likely influence their formulary decisions, including tiering of other therapies in the same indication. Breakthrough therapy designation also confers positive connotations to a therapy in the eyes of oncologists, who frequently associate it with FDA confidence in an agent as well as strong efficacy data – a key influential factor in prescribing habits.
Other key findings from the U.S. Physician & Payer Forum report entitled Getting to Market Quicker: U.S. Physician and Payer Perceptions of Breakthrough Designation for Malignant Melanoma, Breast Cancer, Non-Small-Cell Lung Cancer, Chronic Lymphocytic Leukemia, and Multiple Myeloma:
Comments from Decision Resources Group Principal Business Insights Analyst Amy Duval, M.Res.:
About Decision Resources Group
Decision Resources Group offers best-in-class, high-value information and insights on critical issues within the healthcare industry. Clients rely on this analysis and data to make informed decisions. Find out more at www.DecisionResourcesGroup.com.
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