September 24, 2018
For many biopharmaceutical companies, the future of drug development lives in the real world
By Greg Reh, Vice Chairman, US and Global Life Sciences Leader, Deloitte LLP
Many biopharmaceutical companies are putting greater emphasis on real-world evidence (RWE) to address regulatory requirements, drive the development of new therapies, and support value-based contracts, according to the results of our second annual RWE benchmarking survey.
These results, combined with examples of how the industry is starting to use RWE, help to reinforce the value of RWE and real-world data (RWD) in the delivery of more personalized, value-driven medicine.
One area in which we are seeing a lot of momentum is in clinical trials. Of the 1,800 clinical trials worldwide that involve RWE or RWD, half of them began within the last three years, and 300 were initiated in 2017, according to a recent Reuters analysis of the National Institutes of Health’s clinicaltrials.gov website. Historically, biopharma firms have relied primarily on randomized controlled trials (RCTs) to develop and test new therapies. While RCTs remain a critical component in this process, RWE sometimes offers deeper insight into how a drug or a class of drugs actually performs in the real world.
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DTTL Global Life Sciences Sector Leader