An Efficient Method for Computing Expected Value of Sample Information for Survival Data from an Ongoing Trial
Mathyn Vervaart, Mark Strong, Karl P. Claxton, Nicky J. Welton,, Torbj{\o}rn Wisl{\o}ff, Eline Aas

TL;DR
This paper introduces algorithms to efficiently compute the Expected Value of Sample Information (EVSI) for survival data from ongoing trials, accounting for model uncertainty, aiding early decision-making in drug approval.
Contribution
It presents novel algorithms for EVSI calculation in ongoing survival trials, including methods to handle model uncertainty, with validation through synthetic case studies.
Findings
Nested MCMC and regression methods agree closely in EVSI estimates.
Regression-based method is faster and easier to implement.
EVSI calculation can inform early access decisions for new treatments.
Abstract
The European Medicines Agency has in recent years allowed licensing of new pharmaceuticals at an earlier stage in the clinical trial process. When trial evidence is obtained at an early stage, the events of interest, such as disease progression or death, may have only been observed in a small proportion of patients. Health care authorities therefore must decide on the adoption of new technologies based on less mature evidence than previously, resulting in greater uncertainty about clinical- and cost-effectiveness. When a trial is ongoing at the point of decision making, there may be value in continuing the trial in order to collect additional data before making an adoption decision. This can be quantified by the Expected Value of Sample Information (EVSI). However, no guidance exists on how to compute the EVSI for survival data from an ongoing trial, nor on how to account for…
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Taxonomy
TopicsHealth Systems, Economic Evaluations, Quality of Life · Statistical Methods in Clinical Trials · Advanced Causal Inference Techniques
