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Challenges
&
Opportunities
Real World Evidence in Pharmaceutical Industry
April-2-18
Peter (Quynh) Le
April-2-18
DISCLOSURE: NONE
OUTLINE
April-2-18
• Introduction
• Challenges
• Opportunities
• Conclusion
• Q&A
April-2-18
INTRODUCTION
 Real-World Data (RWD)
 Patient health & healthcare data from a variety of
sources other than RCTs
 Vs – Volume, Velocity, Value, Variety, & Veracity
 Real-World Evidence (RWE)
 Evidence regarding the use, benefits, or risks of a
drug derived from RWD analysis
 Aggregation & analysis of RWD elements
 Pharmaceutical industry
 $18 billion Sales (Source: trade.gov, 2016)
 3.2% Annual growth (Source: IBISWorld, 2017)
 20,309 Employees
 366 Businesses
 Challenges & Opportunities
 R&D
 Manufacturing
 Commercial Operation & Services
 Overall & Specific
April-2-18
CHALLENGES - overall
 Environment
o Regulatory & public perceptions
o Health care providers & payers’ acceptance
o Internal preferences/cultural barriers
 Accessibility
o Where and What quality of RWD
o Privacy
 Capacity
o Analysis & interpretation of RWD
o Opinion leaders vs. RWD analytics
 Balance
o Limited resources & Unlimited expectations
April-2-18
CHALLENGES - specific
 Data
o Internal vs. External data
o Big in Vs
o Security & governance
o Integration & preparation
o Data exploration
 Organizational
o Talent scarcity
o Transdisciplinary engagement
o Standards & knowledge are behind desire regarding RWE
o Dependency - not only industry but also regulators & 3Ps
April-2-18
CHALLENGES - specific
 Modelling complexity
o Justification of Machine learning, Artificial intelligence
o Model interpretability
 Operational & production
o Operational efficiencies through RWE
 Coordination, job, & manufacturing
o AI/ML Model development
 Personal laptop vs. Cloud server
o Model & decision management
 Monitor & manage ML models
 Model predictions + business rules = decisions
o Transform toward outcome-based RWE model
o RWE model itself
April-2-18
OPPORTUNITIES - overall
 Improvement
o Development & Standardization
 Systems, data, designs, & analytical methods
 Hypotheses for continued clinical development
o Operation & Services
 Product’s benefit-risk profile, post-market safety
 Approval, pricing, & reimbursement
 Value
o Business critical insights
o ROI – increase value and decrease price
o Gift of abundance/Corporate Social Responsibility
 Expectation
o Quality/Efficacy/Safety vs.
Outcomes/Effectiveness/Economics
o Better treatment earlier
o Better way to analyze dirty/real-word/complex/big data
$
April-2-18
OPPORTUNITIES - specific
 Operation
o Jobs – capitalist’s dream vs. workers’ nightmare
o Boom vs. Stall – necessary (RCT) vs. sufficient (RCT/RWE)
o Marketing & Sales
 Physician-Reps relationship
 Preferred prescriptions, Sentiment analysis
o Predict
 Patient behaviour/Patient segmentation/Targeted therapy
 Disease progression, cost
 Decision
o Value in Vs – rapid from RWD/RWE to business decisions
o Rapid accurate individual/patient level predictions
 Treatment response, progression regarding a drug
 Monetization (new oil)
o Control over data generating sources
o Gap in use of RWD/RWE for R&D
$
%
April-2-18
OPPORTUNITIES - specific
 RCT pitfalls
 RCT
o Cost, time, representativeness, & long term safety
 RWD/RWE
o Effectiveness with real world patient treatment environment
o Comparative effectiveness & payer's willingness to pay
 Combined RCT/RWE for R&D
o Continuous stream of truly differentiated products
o Empirical business insights:
• How products are & aren't being used?
• Customers’ frustration points, & areas of improvement
 Promising environment
 Strong interested in better treatments earlier (Patients)
 Aspiration regarding cost-effective care (Payers)
 Striving for innovative (Academic/healthcare)
April-2-18
CONCLUSION
• RWE brings huge opportunities & solvable
challenges to the pharmaceutical industry
to enhance its competencies, inform
decisions better, & optimize operations
…Governance considerations &
…Leadership determination …
…Transformation …
(Adapted: Strategy & Survey)
Thank you!
Q & A
April-2-18
Peter Le

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Real world evidence pharmaceutical industry-pl

  • 1. Challenges & Opportunities Real World Evidence in Pharmaceutical Industry April-2-18 Peter (Quynh) Le
  • 3. OUTLINE April-2-18 • Introduction • Challenges • Opportunities • Conclusion • Q&A
  • 4. April-2-18 INTRODUCTION  Real-World Data (RWD)  Patient health & healthcare data from a variety of sources other than RCTs  Vs – Volume, Velocity, Value, Variety, & Veracity  Real-World Evidence (RWE)  Evidence regarding the use, benefits, or risks of a drug derived from RWD analysis  Aggregation & analysis of RWD elements  Pharmaceutical industry  $18 billion Sales (Source: trade.gov, 2016)  3.2% Annual growth (Source: IBISWorld, 2017)  20,309 Employees  366 Businesses  Challenges & Opportunities  R&D  Manufacturing  Commercial Operation & Services  Overall & Specific
  • 5. April-2-18 CHALLENGES - overall  Environment o Regulatory & public perceptions o Health care providers & payers’ acceptance o Internal preferences/cultural barriers  Accessibility o Where and What quality of RWD o Privacy  Capacity o Analysis & interpretation of RWD o Opinion leaders vs. RWD analytics  Balance o Limited resources & Unlimited expectations
  • 6. April-2-18 CHALLENGES - specific  Data o Internal vs. External data o Big in Vs o Security & governance o Integration & preparation o Data exploration  Organizational o Talent scarcity o Transdisciplinary engagement o Standards & knowledge are behind desire regarding RWE o Dependency - not only industry but also regulators & 3Ps
  • 7. April-2-18 CHALLENGES - specific  Modelling complexity o Justification of Machine learning, Artificial intelligence o Model interpretability  Operational & production o Operational efficiencies through RWE  Coordination, job, & manufacturing o AI/ML Model development  Personal laptop vs. Cloud server o Model & decision management  Monitor & manage ML models  Model predictions + business rules = decisions o Transform toward outcome-based RWE model o RWE model itself
  • 8. April-2-18 OPPORTUNITIES - overall  Improvement o Development & Standardization  Systems, data, designs, & analytical methods  Hypotheses for continued clinical development o Operation & Services  Product’s benefit-risk profile, post-market safety  Approval, pricing, & reimbursement  Value o Business critical insights o ROI – increase value and decrease price o Gift of abundance/Corporate Social Responsibility  Expectation o Quality/Efficacy/Safety vs. Outcomes/Effectiveness/Economics o Better treatment earlier o Better way to analyze dirty/real-word/complex/big data $
  • 9. April-2-18 OPPORTUNITIES - specific  Operation o Jobs – capitalist’s dream vs. workers’ nightmare o Boom vs. Stall – necessary (RCT) vs. sufficient (RCT/RWE) o Marketing & Sales  Physician-Reps relationship  Preferred prescriptions, Sentiment analysis o Predict  Patient behaviour/Patient segmentation/Targeted therapy  Disease progression, cost  Decision o Value in Vs – rapid from RWD/RWE to business decisions o Rapid accurate individual/patient level predictions  Treatment response, progression regarding a drug  Monetization (new oil) o Control over data generating sources o Gap in use of RWD/RWE for R&D $ %
  • 10. April-2-18 OPPORTUNITIES - specific  RCT pitfalls  RCT o Cost, time, representativeness, & long term safety  RWD/RWE o Effectiveness with real world patient treatment environment o Comparative effectiveness & payer's willingness to pay  Combined RCT/RWE for R&D o Continuous stream of truly differentiated products o Empirical business insights: • How products are & aren't being used? • Customers’ frustration points, & areas of improvement  Promising environment  Strong interested in better treatments earlier (Patients)  Aspiration regarding cost-effective care (Payers)  Striving for innovative (Academic/healthcare)
  • 11. April-2-18 CONCLUSION • RWE brings huge opportunities & solvable challenges to the pharmaceutical industry to enhance its competencies, inform decisions better, & optimize operations …Governance considerations & …Leadership determination … …Transformation … (Adapted: Strategy & Survey)
  • 12. Thank you! Q & A April-2-18 Peter Le