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What is the value of antibiotics? And how should we pay for them?

Thursday 16 May 2019, 12.15PM to - 1.15pm

Speaker(s): Dr Itamar Megiddo, University of Strathclyde

Abstract: The existing business models for antibiotics fail to promote antibiotics stewardship to preserve our existing portfolio of drugs, while at the same time funding for research and development has been insufficient in recent decades. Only two novel classes of antibiotics have been introduced since the 1970s. A number of groups (e.g., DRIVE-AB and EEPRU) have discussed how antibiotics differ from other health technologies and have developed conceptual frameworks for valuing them.

We explore two models for valuing antibiotics. First, we explore the option value of preserving an antibiotic for an extreme event. We consider an example of secondary bacterial infections during pandemic influenza. Second, we present a “delinked” model — removing the link between reimbursement for use and sales — that the UK government is testing. We study these models to understand how to value antibiotics, what the structure of the fixed and volume-based payments in the delinked model should look like, and how we may be able to use expert judgment to support the model.

Location: Alcuin A Block A019/20

Who to contact

For more information on these seminars, contact:
Dina Jankovic
dina.jankovic@york.ac.uk
Francesco Longo
francesco.longo@york.ac.uk

If you are not a member of University of York staff and are interested in attending a seminar, please contact 
kerry.atkinson@york.ac.uk 
so that we can ensure we have sufficient space

Economic evaluation seminar dates

  • Wednesday 9 September
    Dr Fan Yang, CHE, University of York
  • Wednesday 16 September
    Tristan Snowsill,
    University of Exeter
  • Thursday 8 October 
    Beth Woods, CHE, University of York
  • Wednesday 4 November
    Dr Sean Gavan,
    University of Manchester