Economic implications of using bendamustine, alemtuzumab, or chlorambucil as a first-line therapy for chronic lymphocytic leukemia in the US: a cost-effectiveness analysis.

BACKGROUND: The objective of this analysis was to evaluate the cost-effectiveness of using bendamustine versus alemtuzumab or bendamustine versus chlorambucil as a first-line therapy in patients with Binet stage B or C chronic lymphocytic leukemia (CLL) in the US.
METHODS: A discrete event simulation of the disease course of CLL was developed to evaluate the economic implications of single-agent treatment with bendamustine, alemtuzumab, or chlorambucil, which are indicated for a treatment-naïve patient population with Binet stage B or C CLL. Data from clinical trials were used to create a simulated patient population, risk equations for progression-free survival and survival post disease progression, response rates, and rates of adverse events. Costs from a US health care payer perspective in 2012 US dollars, survival (life years), and quality-adjusted life years (QALYs) were estimated over a patient's lifetime; all were discounted at 3% per year.
RESULTS: Compared with alemtuzumab, bendamustine was considered to be a dominant treatment providing greater benefit (6.10 versus 5.37 life years and 4.02 versus 3.45 QALYs) at lower cost ($78,776 versus $121,441). Compared with chlorambucil, bendamustine was associated with higher costs ($78,776 versus $42,337) but with improved health outcomes (6.10 versus 5.21 life years and 4.02 versus 3.30 QALYs), resulting in incremental cost-effectiveness ratios of $40,971 per life year gained and $50,619 per QALY gained.
CONCLUSION: Bendamustine is expected to provide cost savings and greater health benefit than alemtuzumab in treatment-naïve patients with CLL. Furthermore, it can be considered as a cost-effective treatment providing health benefits at an acceptable cost versus chlorambucil in the US.

Introduction

Chronic lymphocytic leukemia (CLL) is the most common type of leukemia diagnosed in adults over 50 years of age in the US1 and will account for an estimated 15,600 new cases and 4,580 deaths in 2013.2 Although the overall 5-year survival for patients diagnosed with CLL is approximately 80%,1 the prognosis for patients with advanced CLL is poor; median overall survival for patients with Binet stage B or C is between 2 and 7 years.3 In the US, approximately 70% of patients diagnosed with CLL are aged ≥65 years.1

Bendamustine hydrochloride (Teva Branded Pharmaceutical Products R&D, Inc, Frazer, PA, USA) is a bifunctional mechlorethamine derivative that leads to cancer cell death via several pathways.4 The mechanism of action involves activation of the DNA damage stress response and apoptosis, affecting the mitotic checkpoints, and that leads to mitotic damage. Thus, unlike other alkylators, bendamustine activates a deletion-base DNA repair pathway rather than an alkyltransferase DNA repair mechanism.4,5 Compared with other alkylating agents, bendamustine exerts unique activity in non-Hodgkin’s lymphoma cells. For example, bendamustine activated proapoptotic pathways and base excision repair pathways in non-Hodgkin’s lymphoma cells, whereas other alkylating agents did not.4

The efficacy and safety of bendamustine were compared with the alkylator chlorambucil (Prasco Laboratories, Mason, OH, USA) in an open-label, multicenter, randomized study in patients with treatment-naïve, Binet stage B or C CLL.6 Patients who received bendamustine versus chlorambucil achieved higher overall response rates (ORR, 68% versus 31%; P<0.0001) and longer progression-free survival (median 21.6 months versus 8.3 months; P<0.0001).6

Because chlorambucil has been used as a comparator in other CLL studies, a search was conducted to identify studies with patient populations and chlorambucil dosing similar to those in the bendamustine study. An open-label, multicenter study in patients with treatment-naïve, Rai stage I–IV CLL was identified in which chlorambucil was compared with alemtuzumab (Genzyme Corporation, a Sanofi Company, Cambridge, MA, USA), a recombinant, humanized, anti-CD 52 monoclonal antibody.7 Patients receiving alemtuzumab versus chlorambucil achieved a higher ORR (83.2% versus 55.4%, respectively; P<0.0001) and longer progression-free survival (median 14.6 months versus 11.7 months; P=0.0001).7 Although chlorambucil did not demonstrate improved outcomes versus these comparator therapies, it remains a common first-line therapeutic option for patients with CLL, especially for older patients or patients with comorbidities.8,9

Because most patients with CLL are not diagnosed or treated until they are over the age of 65 years,1 the cost of these therapies in the US are likely to be paid for by Medicare.10 In the Medicare patient population, diagnosis of CLL between 1998 and 2002 was associated with significantly increased costs of approximately $33,000 per year versus Medicare patients without a cancer diagnosis.11 With the recent availability of novel therapies for CLL, the cost for CLL treatment is likely to increase further (eg, at the time of this analysis, the cost of the newer monoclonal antibody, alemtuzumab, was approximately 40-fold greater than that of chlorambucil).10

Despite the results from the clinical trials, it is not clear whether using bendamustine in these patients is economically attractive. Therefore, we conducted a pharmacoeconomic analysis based on a simulation using clinical trial data comparing bendamustine with chlorambucil6 and alemtuzumab with chlorambucil,7 in order to evaluate the cost-effectiveness of bendamustine versus alemtuzumab and chlorambucil as a first-line therapy in patients with treatment-naïve, Binet stage B or C CLL.

Materials and methods

Model

A discrete event simulation of the disease course of CLL was developed to evaluate the cost (in 2012 US dollars) and health outcomes (quality-adjusted life years [QALYs], survival rates, and adverse events) associated with use of bendamustine, alemtuzumab, or chlorambucil for a treatment-naïve patient population with Binet stage B or C CLL.

A hypothetical patient population with treatment-naïve CLL was created for this simulation. Each simulated patient in the cohort was assigned specific characteristics using data from the bendamustine trial.6 Each simulated patient was then cloned to create three identical cohorts. Each cohort was assigned one of the following treatments: bendamustine at a dosage of 100 mg/m2/day intravenously on days 1 and 2 of each 28-day cycle, for up to six cycles; alemtuzumab at a dosage of 30 mg intravenously three times per week, for up to 12 weeks; or chlorambucil at a dosage of 0.8 mg/kg/day orally on days 1 and 15 of each 28-day cycle, for up to 12 cycles. Treatment-specific inputs, including best overall response (ie, complete response, partial response, stable disease, or progressive disease) and risk of adverse events, were then assigned to each patient.

During the simulation, each patient was subjected to the following risks: adverse events, disease progression, and death. The competing risks were implemented by deriving the distribution of occurrence times for each type of event and sampling from each, one at a time, in order to assign event times to each patient. After the times for all events were assigned, the simulation selected the event with the shortest time to event and applied it to the patient. When an event occurred, the management of the patient could be changed and risks and event times recalculated. The model permitted a treatment switch under the following conditions: an adverse event (eg, infection) or after a clinical assessment demonstrated that the response to therapy was disease progression or stable disease. All patients who had disease progression switched therapies. Cost (not efficacy) was assigned to subsequent lines of treatment to facilitate comparison of first-line therapies. Among patients who had stable disease, the decision to switch therapy was similar to what was observed in the clinical trial data, with 70% remaining on therapy and 30% switching therapies.

Simulation results were reported after 100 runs on a population of 1,000 patients. Outcomes from this analysis included estimated survival (life years), QALYs, adverse events, and the associated direct medical costs. Incremental cost-effectiveness ratios (ICERs) were calculated and expressed as cost per life year or cost per QALY gained. Costs and health outcomes were discounted at 3% per year.

Model inputs and data sources

Patient characteristics used to create the hypothetical patient population were based on Monte Carlo sampling from the distribution of the characteristics of the patients who participated in the bendamustine trial.6 These characteristics included age, sex, Binet stage, and World Health Organization (WHO) performance status (Table 1).

Table 1

Baseline demographics and clinical characteristics of the simulated cohort

	Males		Females
Sex, %	61.8		38.2
Age distribution (years), %
35–44	1.5		1.6
45–54	14.2		13.1
55–64	37.6		32.0
65–74	43.7		45.9
75–77	3.0		6.6
78–90	0.0		0.8
Mean age (years)	62.6		63.7
	Stage B		Stage C
Binet stage
Frequency, %	69.6		30.4
WHO performance status distribution, %
0	73.6		60.4
1	24.5		36.5
2	1.9		3.1
	Bendamustine	Alemtuzumab	Chlorambucil
Model inputs for response and AE rates for the simulated cohort
Response rates, %
Complete response	30	29	2
Partial response	50	56	45
Stable response	13	6	27
Progressive disease	7	9	26
12-week AE rates, %
Pneumonia	3.0	6.0	0.0
Septicemia	0.6	3.0	0.7
Herpes zoster	0.0	2.0	0.7
Cytomegalovirus infection	0.6	13.0	0.0
Grade 3/4 anemia	3.0	11.0	9.0
Grade 3/4 febrile neutropenia	3.0	4.8	1.4
Grade 3/4 thrombocytopenia	13.0	12.0	10.0
Neutropenia requiring growth factor	8.0	9.5	2.0

Abbreviations: AE, adverse event; WHO, World Health Organization.

Data for the various treatment regimens were predominantly derived from the bendamustine6 and alemtuzumab7 clinical trials. Because there was no direct comparison between bendamustine and alemtuzumab, an indirect comparison using chlorambucil as the common comparator arm to determine response rates was made (Table 1). Clinical trial results were used to determine the rates of adverse events, including infections (Table 1).

Risk equations for progression-free survival, to predict time to disease progression and survival post-disease progression, to predict time to death after disease progression, were developed using data from the bendamustine clinical trial.6 To estimate the hazard function, the observed time to event was estimated by Kaplan-Meier analysis, and the resulting observed daily hazard was estimated. To adjust the average hazard function for each specific patient, Cox proportional hazards models were fitted. The clinical trials used to inform the model did not have sufficient follow-up to determine overall survival; therefore, a hazard equation to predict time to death after disease progression was derived from data in the bendamustine trial.6 The resulting hazard equation for progression-free survival and survival after disease progression were fitted with the Weibull function and the Gompertz function, respectively. Risk factors included in these prediction equations were age, sex, WHO performance status, and Binet stage, with an addition of the overall best response and treatment for the risk equation to predict progression-free survival. To apply this fit in the simulation, each patient’s prognostic index was calculated, and then the adjusted time to event was derived.

Costs and utilities

To estimate 2012 treatment costs for each of the regimens, model inputs on the pharmaceutical cost of bendamustine, alemtuzumab, chlorambucil, the required premedications and concomitant medications, and subsequent treatments were obtained from the Centers for Medicaid and Medicare Services hospital outpatient file and Red Book.12,13 In addition, the costs of physician visits and laboratory tests, such as complete blood counts, polymerase chain reaction, lactate dehydrogenase, bone marrow biopsy, and metabolic panel were included.14,15 The frequency of routine care required for each treatment was based on expert opinion. The costs associated with the management of infections and other adverse events were derived from US hospital databases (inpatient costs) and Centers for Medicaid and Medicare Services files12 (outpatient costs). Utilities were derived from published literature where patients on treatment were assigned a utility score of 0.74, those who showed a response (complete or partial response) received a utility score of 0.80, and those who had progressive disease were assigned a utility score of 0.60.16 All costs were from a payer perspective and were in 2012 US dollars (Table 2). Costs for subsequent treatment costs are shown in Table 3.

Table 2

Model input treatment and adverse event costs

Treatment	Treatment cost per administrationa	Administration cost	Total cost per administration	Administrations per cycle (n)	Total cost per treatment course
Bendamustine IV (100 mg/m2)	$3,498.85	$207.77	$3,706.62	2	$44,479.44
Alemtuzumab IV (30 mg)	$1,767.25	$242.58	$2,009.83	3 (per week)	$72,353.88
Chlorambucil PO (0.8 mg/kg)	$144.83	N/A	$144.83	2	$3,475.92
Costs per adverse event				Base-case value
Inpatient
Pneumonia				$31,844
Septicemia				$52,555
Herpes zoster				$35,638
Cytomegalovirus infection				$44,250
Grade 3/4 febrile neutropenia				$31,544
Outpatient
Herpes zoster				$1,093
Grade 3/4 anemia				$265
Grade 3/4 febrile neutropenia				$1,959

Notes: All costs are in US dollars.

For treatment dosing that was conditioned on body surface area or weight, an average body surface area of 1.86 m2 and an average weight of 76 kg, which were based on the patients who participated in the 02CLLIII trial,6 were used for cost calculations.

Abbreviations: IV, intravenous; N/A, not applicable; PO, oral.

Table 3

Subsequent treatment costs

Treatment	Treatment cost per administrationa	Administration cost	Total cost per administration	Administrations per cycle (n)	Total cost per treatment course
Fludarabine + cyclophosphamide + rituximab					$41,851.37
Fludarabine IV (25 mg/m2)	$88.57	$207.77	$296.34	3
Cyclophosphamide IV (250 mg/m2)	$69.33	$72.70	$142.03	3
Rituximab IV, 1st cycle (375 mg/m2)	$4,372.76	$72.70	$4,445.46	1
Rituximab IV, subsequent cycles (500 mg/m2)	$5,830.35	$72.70	$5,903.05	1
Fludarabine + rituximab					$40,008.42
Fludarabine IV (25 mg/m2)	$88.57	$207.77	$296.34	5
Rituximab IV, 1st cycle (375 mg/m2)	$4,372.76	$72.70	$4,445.46	2
Rituximab IV, subsequent cycles (375 mg/m2)	$4,372.76	$72.70	$4,445.46	1
Fludarabine + cyclophosphamide					$7,890.66
Fludarabine IV (25 mg/m2)	$88.57	$207.77	$296.34	3
Cyclophosphamide IV (250 mg/m2)	$69.33	$72.70	$142.03	3
Fludarabine IV (25 mg/m2)	$88.57	$207.77	$296.34	5	$8,890.20
Rituximab (375 mg/m2)	$4,372.76	$72.70	$4,580.53	1	$18,322.12
Bendamustine + rituximab					$65,844.23
Bendamustine IV (70 mg/m2)	$2,449.19	$207.77	$2,656.96	2
Rituximab IV, 1st cycle (375 mg/m2)	$4,372.76	$72.70	$4,445.46	1
Rituximab IV, subsequent cycles (500 mg/m2)	$5,830.35	$72.70	$5,903.05	1
Bendamustine IV (100 mg/m2)	$3,498.85	$207.77	$3,706.62	2	$44,479.44
Alemtuzumab IV (30 mg)	$1,767.25	$242.58	$2,009.83	3 (per week)	$72,353.88
Costs of granulocyte growth factor					N/Ab
Pegfilgrastim 6 mg	$2,754.07	$34.81	$2,788.88	1

Notes: All costs are in US dollars.

For treatment dosing that was conditioned on body surface area or weight, an average body surface area of 1.86 m2 and an average weight of 76 kg, which were based on the patients who participated in the 02CLLIII trial,6 were used for cost calculations

total costs depend on the treatment cycle in which neutropenia occurs. Pegfilgrastim is given at the cycle in which neutropenia occurs and at every subsequent cycle until the treatment ends.

Abbreviations: IV, intravenous; N/A, not applicable; PO, oral.

Validation

The model was established based on expert opinion on the influence diagram and model flow charts. Technical accuracy was determined by performing extreme-value sensitivity analyses to check for logical consistency. One of the key model inputs, the hazard equation to predict progression-free survival derived from the bendamustine trial data,6 was validated against alemtuzumab progression-free survival data as reported in the alemtuzumab trial.7 In this validation, the progression-free survival predicted for the simulated patients treated with alemtuzumab and chlorambucil (when setting input parameters including patient characteristics, time horizon, and response rates to be an exact match of the alemtuzumab trial) were compared with the actual progression-free survival reported in that study. The simulation predicted a median progression-free survival of 14.8 months for patients receiving alemtuzumab and 11.9 months for patients receiving chlorambucil. These values were comparatively close to the median progression-free survival in the alemtuzumab study, which were 14.6 months in the alemtuzumab treatment arm and 11.7 months in the chlorambucil arm,7 thus validating the use of the equation for this model.

Results

Bendamustine is associated with the best outcomes in this simulation analysis versus alemtuzumab and chlorambucil. The best responses achieved and adverse events (including infections), based on the number of events per 1,000 patients, are shown in Table 1. The model evaluates cumulative costs associated with each primary therapy. The 2012 cumulative costs of bendamustine, alemtuzumab, and chlorambucil are $78,776, $121,441, and $42,337, respectively (Tables 4 and 5), and are inclusive of treatment and administration, premedications, concomitant medications, routine care, and inpatient and outpatient care.

Table 4

Model outcomes on costs (per patient)

Cost	Bendamustine	Alemtuzumab	Chlorambucil
Treatment and administration
Initial treatment	$36,881	$70,171	$2,377
Subsequent treatment	$33,684	$34,467	$35,661
Premedication and concomitant medications	$1,856	$1,683	$0
Routine care	$3,925	$3,777	$3,594
Inpatient care	$1,891	$10,182	$484
Outpatient care	$538	$1,160	$221
Total cumulative costs	$78,776	$121,441	$42,337

Note: All costs are in US dollars.

Table 5

Model discounted outcomes (per patient over lifetime)

	Bendamustine	Alemtuzumab	Chlorambucil
Cumulative costs	$78,776	$121,441	$42,337
Life years	6.10	5.37	5.21
QALYs	4.02	3.45	3.30
Net outcomes (versus bendamustine)
Costs		−$42,665a	$36,439
Life years		0.73	0.89
QALYs		0.57	0.72
Incremental cost-effectiveness ratios (versus bendamustine)
Cost per life year		Dominantb	$40,971
Cost per QALY		Dominantb	$50,619

Notes: All costs are in US dollars.

Negative sign indicates lower cost with bendamustine

bendamustine provided better health outcomes at lower overall costs.

Abbreviation: QALY, quality-adjusted life year.

Life years are highest for bendamustine (6.10) compared with alemtuzumab (5.37) and chlorambucil (5.21). QALYs are higher in the bendamustine group (4.02) as well, representing a gain of 0.57 QALYs per patient versus alemtuzumab (3.45), and a gain of 0.72 QALYs versus chlorambucil (3.30, Table 5). Patients who received bendamustine also had a longer progression-free survival (24 months) compared with those who received alemtuzumab (15 months) or chlorambucil (11 months).

Bendamustine is dominant compared with alemtuzumab, providing more life years and QALYs at lower overall costs. Compared with chlorambucil, bendamustine is associated with an ICER of $40,971 per discounted life year gained and $50,619 per discounted QALY gained. Sensitivity analyses were performed to evaluate impact on the model of single parameters, such as WHO performance status, age, sex, Binet stage, bendamustine costs, inpatient and outpatient costs, and utility values. In the one-way sensitivity analysis evaluating bendamustine versus alemtuzumab, bendamustine was dominant in all conditions, providing higher number of QALYs at lower costs. The one-way sensitivity analysis evaluating bendamustine versus chlorambucil demonstrated that the ICERs for bendamustine versus chlorambucil ranged between $44,789 and $62,518 per QALY (Figure 1).

Figure 1

Univariate sensitivity analyses (bendamustine versus chlorambucil).

Notes: The solid vertical line represents the base-case incremental cost-effectiveness ratio (ICER) for bendamustine relative to chlorambucil. Horizontal bars indicate the range of ICERs obtained by setting each variable to the values shown while holding all other values constant.

Abbreviations: QALY, quality-adjusted life year; WHO, World Health Organization; vs, versus.

A probabilistic sensitivity analysis, where key parameters including response rates, health utilities, costs of inpatient and outpatient care associated with infections and other adverse events, progression-free survival, and survival post-disease progression were allowed to vary simultaneously during 10,000 replications of the simulation, was performed to account for variability in outcomes due to statistical uncertainty in the inputs. Proportions of patients with complete response, utilities, and risks of infection and other adverse events were varied randomly according to a beta distribution; costs were varied according to a log-normal distribution; and the Weibull and Gompertz parameters for progression-free survival and survival post disease progression were varied according to a normal distribution. The results from evaluating bendamustine versus alemtuzumab demonstrated that bendamustine was dominant in all scenarios, while the analysis comparing bendamustine with chlorambucil indicated that 52% had ICERs (versus chlorambucil) below $50,000 per QALY, 86% had ICERs below $75,000 per QALY, and 95% had ICERs below $100,000 per QALY (Figure 2).

Figure 2

Cost-effectiveness acceptability curve (bendamustine versus chlorambucil).

Abbreviations: QALY, quality-adjusted life year; vs, versus.

Discussion

With few current published studies evaluating the cost-effectiveness of first-line therapies for patients with CLL,17 there is a need for studies evaluating the cost of these therapies in treatment-naïve patients with CLL. Results from the model found longer survival (6.10 life years versus 5.37 and 5.21 life years) and greater QALYs (4.02 versus 3.45 and 3.30) for bendamustine versus alemtuzumab and chlorambucil, respectively.

This model predicts that bendamustine is a cost-effective first-line therapy for patients with Binet B or C CLL compared with alemtuzumab and chlorambucil. Total costs per patient in 2012 US dollars for each of the following therapies were estimated to be $78,776 for bendamustine, $121,441 for alemtuzumab, and $42,337 for chlorambucil. The differences between the costs for these therapies were mainly attributed to the cost of the initial treatment and administration costs, as well as inpatient care. In particular, inpatient care costs with alemtuzumab may be associated with disruption of T-cell functioning,18 which in turn may contribute to increased infections.7

Bendamustine was associated with an ICER of $40,971 per life year gained and $50,619 per QALY gained versus chlorambucil, which compares favorably with median ICERs for hematologic cancer therapies.19 Bendamustine falls within this range and should be considered a cost-effective therapy that can enable patients to achieve increased life expectancy and QALYs.

After this analysis was completed, alemtuzumab ceased to be available commercially and became available at no cost to health care providers once certain requirements are met. It is important to note, however, that model inputs for alemtuzumab include patient factors (eg, QALYs, life years) and costs (eg, concomitant medications, clinic visits). Even if alemtuzumab is discounted from $1,767 to $0 in our model (leftmost column of Table 2), it would still be associated with costs of $57,820, that would yield costs per life year and QALY that are both <$20,000 higher than for bendamustine.

The hazard ratios (HRs) in our model may have been somewhat conservative compared with updated results from the bendamustine versus chlorambucil study,20 as well as a meta-analysis21 and a systematic review.22 In a follow-up of the bendamustine versus chlorambucil study,20 the median overall survival (79 months for chlorambucil and not yet reached by 84 months for bendamustine) were somewhat longer than our model inputs (63 and 73 months); although the HR for chlorambucil appeared to be more pronounced (0.78, 95% confidence interval [CI] 0.89–1.91 versus 0.89 in our model), the difference was not statistically significant.20 Similarly, a multiple-treatment meta-analysis reported an HR of 0.77 for bendamustine (95% CI 0.47–1.27), and a direct-effect meta-analysis showed an HR of 0.69 (95% CI 0.43–1.10); these results were presumably driven by the bendamustine versus chlorambucil study.21 The multiple-treatment meta-analysis also found a nonsignificant HR of 0.77 (95% CI 0.34–1.70) for bendamustine versus alemtuzumab.21 A systematic review of bendamustine in lymphoid malignancies included both published and unpublished data from the bendamustine versus chlorambucil study, and reported an HR of 0.69 (95% CI 0.43–1.11).22

Strengths of this study include that the data used for the model were mainly derived from studies evaluating the efficacy and safety of bendamustine versus chlorambucil and alemtuzumab versus chlorambucil in patients with treatment-naïve CLL.6,7 In addition, the discrete event simulation model emulates health care processes realistically and provides a mechanism to estimate costs and health outcomes.23 Moreover, the sensitivity analysis helps to further measure the impact of uncertainty in this analysis. Cost-effectiveness studies like ours may also provide potentially useful data regarding components of combination therapies in advanced CLL.

In addition to current treatments, certain tyrosine kinases may be potential therapeutic targets for treatments.24 However, research of cell lines from patients with CLL suggests that combination therapy with non-antigen-mediated medications, such as bendamustine, may be important in overcoming mechanisms of cancer cell survival and resistance to tyrosine kinase inhibitors.25,26

Limitations of this model include the fact that the impact of adverse events/infections on quality of life could not be fully incorporated. However, it was assumed that the impact of infections and other adverse events on quality of life was taken into account in the utility value for patients on treatment. To isolate drug-specific effects, this study did not compare combination regimens that are more commonly used in physically fit patients, such as bendamustine plus rituximab and fludarabine plus cyclophosphamide.27,28 Patients in our selected studies were also younger than patients typically encountered in clinical settings.1 Additionally, the analysis comparing bendamustine with alemtuzumab was based on data derived from an indirect treatment comparison due to lack of trials that were designed to compare directly the safety and efficacy of the two medications. Finally, the analysis included data from clinical trials that were conducted under idealized treatment conditions, which cannot always be duplicated in the real-world setting.

Conclusion

In conclusion, bendamustine can be a cost-effective first-line therapy for patients with CLL versus alemtuzumab or chlorambucil. Bendamustine is associated with improved progression-free survival, survival (life years gained), and QALYs gained. The cumulative costs for bendamustine versus alemtuzumab were much lower before the compassionate use program for alemtuzumab began (but are still compelling), and the increased costs associated with bendamustine versus chlorambucil do not exceed typical acceptable thresholds.