Multi-Criteria Decision Analysis for Benefit-Risk Analysis by National Regulatory Authorities
- PMID: 35096913
- PMCID: PMC8790083
- DOI: 10.3389/fmed.2021.820335
Multi-Criteria Decision Analysis for Benefit-Risk Analysis by National Regulatory Authorities
Abstract
The approval process for pharmaceuticals has always included a consideration of the trade-offs between benefits and risks. Until recently, these trade-offs have been made in panel discussions without using a decision model to explicitly consider what these trade-offs might be. Recently, the EMA and the FDA have embraced Multi-Criteria Decision Analysis (MCDA) as a methodology for making approval decisions. MCDA offers an approach for improving the quality of these decisions and, in particular, by using quantitative and qualitative data in a structured decision model to make trade-offs in a logical, transparent and auditable way. This paper will review the recent use of MCDA by the FDA and EMA and recommend its wider adoption by other National Regulatory Authorities (NRAs) and the pharmaceutical industry.
Keywords: benefit-risk; decision analysis; drug approval process; regulatory affairs; regulatory science.
Copyright © 2022 Chisholm, Sharry and Phillips.
Conflict of interest statement
The authors declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest.
References
-
- Institute of Medicine . Characterizing and Communicating Uncertainty in the Assessment of Benefits and Risks of Pharmaceutical Products: Workshop Summary. Washington, DC: The National Academies Press; (2014). - PubMed
LinkOut - more resources
Full Text Sources
Research Materials
Miscellaneous