Analytical approach:
The analysis was based on a Markov simulation model with a six-year time horizon. The analysis was from the perspective of the USA health care payer.
Effectiveness data:
Most clinical inputs were been derived from a study that reported an indirect comparison between everolimus and sorafenib. In this study, data on everolimus were derived from a pivotal clinical trial (the RECORD-1 study) that compared the study drug with best supportive care. Data on sorafenib came from a single-arm phase II study. Rates of adverse events were taken from full prescribing information for both agents, given the marked differences in adverse events found in the RECORD-1 and phase II studies. Rates of progression-free survival formed a key input of the model and were based on the indirect comparison. Assumptions were made on the long-term progression of the disease.
Monetary benefit and utility valuations:
Health utilities were not available from the two sources of clinical inputs and were derived from a UK analysis on patients who received second-line sorafenib.
Measure of benefit:
Life-years and quality-adjusted life-years (QALYs) were used as the summary benefit measures and discounted at an annual rate of 3%.
Cost data:
The economic analysis included costs of anti-tumour therapies, physician visits, tests, management of adverse events, progression therapy and end-of-life care. Drug costs were based on average wholesale prices. Other costs were derived from official USA sources. Patterns of resource consumption were based on clinical trials, official national guidelines and the published literature. Costs were in USA dollars ($). A 3% annual discount rate was applied.
Analysis of uncertainty:
One-way sensitivity analyses were carried out to identify influential variables. A probabilistic sensitivity analysis was performed using a Monte Carlo simulation and typical probability distributions for groups of inputs. Cost-effectiveness acceptability curves were generated.