Literature DB >> 17221177

Pricing matrix model: dealing with uncertainty.

Mark J C Nuijten1.   

Abstract

A previous publication in this journal showed that the pricing matrix model (PMM) allows an assessment of the pricing potential of a new innovative product. When the PMM is going to be used for the determination of a drug price for a new drug in the strategic product planning process, it is important that this methodology is reliable. In the initial paper the PMM only yielded an expected price for the new antidepressant without generating an estimate of the probability that the new drug would indeed be listed at this expected price. In this manuscript we present various methodologies to deal with uncertainty in the PMM. We introduce the concept of price acceptability curves. The conclusion of this paper is that the incorporation of uncertainty into the PMM will lead to a more accurate assessment of the pricing potential of a new drug.

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Year:  2007        PMID: 17221177     DOI: 10.1007/s10198-006-0030-5

Source DB:  PubMed          Journal:  Eur J Health Econ        ISSN: 1618-7598


  5 in total

1.  Definition, interpretation and calculation of cost-effectiveness acceptability curves.

Authors:  M Löthgren; N Zethraeus
Journal:  Health Econ       Date:  2000-10       Impact factor: 3.046

2.  Measuring sensitivity in pharmacoeconomic studies. An integration of point-sensitivity and range-sensitivity.

Authors:  M J Nuijten; M Hardens
Journal:  Pharmacoeconomics       Date:  1997-11       Impact factor: 4.981

3.  Pricing of pharmaceuticals. Assessing the pricing potential by a pricing matrix model.

Authors:  Mark J C Nuijten; Joszef Kosa
Journal:  Eur J Health Econ       Date:  2004-06

4.  Economic analysis of health care technology. A report on principles. Task Force on Principles for Economic Analysis of Health Care Technology.

Authors: 
Journal:  Ann Intern Med       Date:  1995-07-01       Impact factor: 25.391

5.  Probabilistic sensitivity analysis using Monte Carlo simulation. A practical approach.

Authors:  P Doubilet; C B Begg; M C Weinstein; P Braun; B J McNeil
Journal:  Med Decis Making       Date:  1985       Impact factor: 2.583

  5 in total

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