Pharma company Eli Lilly has announced it will not progress a PBS listing for its ulcerative colitis medicine, mirikizumab, despite it receiving a positive recommendation from the Pharmaceutical Benefits Advisory Committee.
Branded Omvoh, the IL-23 inhibitor was endorsed last July for the treatment of moderate-to-severe ulcerative colitis in patients who have had an inadequate response, lost response, or are intolerant/contraindicated to conventional treatments or DMARDs.
At the time, the PBAC assessed the first-in-class drug as having “non-inferior” comparative effectiveness to the eight alternative therapies on the market, although it stressed head-to-head trials were lacking against several currently available medicines.
It also acknowledged input from health professionals stating that while a range of therapies were available, a significant proportion of patients did not respond to any and required surgery.
This commentary stated that there was a strong need for more classes of effective medical therapy to be available through the PBS, adding benefits of mirikizumab, including its safety profile and convenient dosing.
However, the committee did include a heavy caveat with its recommendation, declaring its endorsement was based on, amongst other matters, a finding that the cost-effectiveness would be acceptable if it were minimised to that of the least expensive available b/tsDMARD.
It also rejected a submission from the company that mirikizumab had “superior effectiveness” to adalimumab based on the evidence provided.
The upshot was that post-meeting negotiations broke down over the issue of price, said Eli Lilly Australia general Manager Tori Brown.