Budget Impact Analysis of Adopting Lanreotide in the Treatment of Acromegaly and GEP-NET at Public Hospitals in Saudi Arabia
Author(s)
Alnajjar F1, Raef H2, Alharbi B3, Mahrous M4, Almalki M5, Al rumaih A6, Kamas N7, Alharbi M8, Magdy H9, Emam A10
1King Fahad Medical City, Riyadh, 01, Saudi Arabia, 2king Faisal Specialist and Research Center, Riyadh, Saudi Arabia, 3Ministry of Defense and Aviation (MODA) Hospitals, Riyadh, Saudi Arabia, 4Ministry of Defense and Aviation (MODA) Hospital, Riyadh, Saudi Arabia, 5King Fahad Medical City, Riyadh, Saudi Arabia, 6Ministry of Defense and Aviation (MODA) Hospital, Al Riyadh, 01, Saudi Arabia, 7King Fahd Specialist Hospital, Dammam, Saudi Arabia, 8HEPA Solutions, Jeddah, CA, USA, 9Ipsen, Dubai, United Arab Emirates, 10Ipsen, Riyadh, Saudi Arabia
Presentation Documents
OBJECTIVES: To assess the budget impact of switching patients with acromegaly or gastroenteropancreatic neuroendocrine tumors (GEP-NET) on the formulary from octreotide to lanreotide, both somatostatin analogues, at public hospitals in Saudi Arabia.
METHODS: A model over a three-year time horizon was built via a digital platform (HEPA) to evaluate the impact on the budget from a payer perspective in five major tertiary hospitals in Saudi Arabia. Data was sourced from local experts and the national drugs tender list. A model was built to estimate the potential reduction in total cost per patient when lanreotide is used instead of octreotide on the formulary. Model parameters included drug acquisition cost, medication preparation cost, and administration cost per patient. It was estimated that 300 patients would be eligible for treatment each year according to expert inputs. It was hypothesized that 50% of the lanreotide patient group would be able to us injections independently: either self or by partner(family member) with calculating the difference in number of hospitals visits avoidance.
RESULTS: Having lanreotide on the formulary instead of octreotide would reduce the budget by 21.2 % over the 3-year estimated period. The potential cost saving would be over 10.788 million SAR($ 2. 876 million) for 300 treated patients within three years, mainly driven by drug acquisition costs (average annually per patient for lanreotide $11,574.4 compared to $14,377.6 for octreotide). 50 % of patients independently administering lanreotide will lead to an annual decrease of 900 hospital visits. From the hospital perspective, 5 nurse hours would be saved with lanreotide annually per patient.
CONCLUSIONS: Switching to lanreotide treatment for acromegaly and GEP-NET would substantially decrease the cost spent over 3 years and optimize patient quality of life by enabling patients to be treated at home (self or partner/family member administration).
Acknowledgment: This study was funded by IpsenConference/Value in Health Info
Value in Health, Volume 26, Issue 6, S2 (June 2023)
Code
EE168
Topic
Economic Evaluation
Topic Subcategory
Budget Impact Analysis, Cost-comparison, Effectiveness, Utility, Benefit Analysis
Disease
Diabetes/Endocrine/Metabolic Disorders (including obesity)