Teriparatide, solution for injection, in a 3 mL cartridge contained in a pre-filled disposable delivery device (pen), 250 micrograms in 1 mL, Forteo®, November 2008
Public summary document for Teriparatide, solution for injection, in a 3 mL cartridge contained in a pre-filled disposable delivery device (pen), 250 micrograms in 1 mL, Forteo®, November 2008
Page last updated: 24 March 2009
Public Summary Document
Product: Teriparatide, solution for injection, in
                           a 3 mL cartridge contained in a pre-filled disposable delivery
                           device (pen), 250 micrograms in 1 mL, Forteo®
Sponsor: Eli Lilly Australia Pty Ltd
Date of PBAC Consideration: November 2008
1. Purpose of Application
                           To request a PBS listing for teriparatide as a Section 85 Authority
                           required benefit for the treatment of glucocorticoid induced
                           osteoporosis (GIOP) and as a second line treatment for patients at
                           high risk of fracture due to severe established osteoporosis
                           (SEVERE).
2. Background
                           This was the sixth application seeking listing of teriparatide on
                           the PBS. Five previous applications (June 2003, March 2004, July
                           2005 March 2006 and July 2007) were rejected by the PBAC. (See
                              Public Summary Documents for July 2005, March 2006 and July
                              2007)
                           In September 2006, the PBAC’s recommendation from March 2006
                           relating to teriparatide was subject to an independent review. At
                           the November 2006 PBAC meeting, the PBAC considered that the review
                           provided no new basis to warrant reconsideration of its previous
                           recommendation in March 2006.
                           In July 2007, the PBAC again rejected a submission because of
                           continuing uncertainty about the extent of clinical benefit over
                           the comparator in the total group who would be eligible for
                           treatment under the proposed restriction and because, even if the
                           claimed clinical benefit were accepted, the cost-effectiveness of
                           treatment remained highly uncertain.
                           The PBAC, although largely supportive of the intent of the
                           sponsor’s new restriction, was concerned that it may not be
                           administrable due to difficulty in establishing whether any new
                           (and often non-clinical vertebral) fracture occurred during or
                           after the 12 months of continuous anti-resorptive treatment,
                           without subjecting a large number of, often ultimately ineligible,
                           patients to repeated X-ray examinations. The PBAC did not accept
                           the proposed exclusion of patients younger than 70 years
                           considering that this would inappropriately exclude some patients
                           and that high fracture risk could be adequately identified using a
                           combination of BMD and fracture, without age.
3. Registration Status
                           Teriparatide was registered by the TGA on 22 May 2003 for the
                           treatment of osteoporosis in postmenopausal women and the treatment
                           of primary osteoporosis in men when other agents are considered
                           unsuitable and when there is a high risk of fracture.
                           Under the terms of registration the following limitations apply:
                           
                        
- The maximal lifetime exposure to teriparatide for an individual patient is 18 months.
 - Patients will need to read the Consumer Medicine Information leaflet and pen User Manual before starting therapy with teriparatide and re-read them each time the prescription is renewed.
 - Patients should be made aware that teriparatide caused osteosarcoma in rats and that the clinical relevance of these findings is unknown.
 - Informed consent will need to be obtained from each patient before starting therapy to ensure that the 18-month lifetime limit is understood.
 
The indication “treatment of osteoporosis associated with sustained systemic glucocorticoid therapy in women and men at high risk for fracture” was not TGA registered at the time of writing.
4. Listing Requested and PBAC’s View
The submission proposed two listing restrictions, one for the GIOP indication and
                           one for the SEVERE established osteoporosis indication, as follows:
 
                        
2ND LINE SEVERE OSTEOPOROSIS (SEVERE)
Authority Required
Treatment as the sole PBS-subsidised agent for patients with severe, established osteoporosis
                           who have a very high risk of fracture where other agents would be considered unsuitable. Treatment must be initiated by a specialist/consulting physician treating osteoporosis.
A very high risk of fracture is defined as:
                        
- The presence of two or more fractures AND A bone mineral density (BMD) T-score of -3.0 in postmenopausal women or men with idiopathic or hypogonadic osteoporosis.
 
Other agents would be considered unsuitable in the following circumstances:
- The patient has demonstrated at least one new fracture despite at least 12 months continuous therapy with an anti-resorptive. Antiresorptive therapies for osteoporosis which will be accepted for the purposes of administering this restriction are alendronate sodium 10mg/day or 70mg QW, risedronate sodium 5mg/day or 35mg QW; raloxifene hydrochloride 60mg/day (women only); etidronate 200mg with calcium carbonate 1.25g/day; strontium ranelate 2g.
 - Treatment with anti-resorptive therapy is contraindicated according to the relevant TGA-approved Product Information, or intolerance of a severity necessitating permanent treatment withdrawal develops during the relevant period of use. Details of the contraindication or intolerance must be provided at the time of application.
 
The radiological and/or laboratory reports and confirmation of the patient’s prior treatment history supporting eligibility must be available for audit by Medicare Australia. Fracture must have been demonstrated radiologically and the year of plain x-ray, or CT-scan or MRI scan, and the year of DEXA must be included in the authority application. A vertebral fracture is defined as a 20% or greater reduction in height of the anterior or mid portion of a vertebral body relative to the posterior height of that body, or, a 20% or greater reduction in any of these heights compared to the vertebral body above or below the affected vertebral body
Authority Required
Continuing treatment for severe established osteoporosis where the patient has previously
                           been issued with an authority prescription for this drug.
Teriparatide is available with a lifetime maximum of 18 months teriparatide therapy
                           (18 pens); a maximum of 18 pens will be reimbursed through the PBS.
                        
GLUCOCORTICOID INDUCED OSTEOPOROSIS (GIOP)
Authority Required
Treatment as the sole PBS-subsidised agent for patients with steroid-induced osteoporosis
                           who have a very high risk of fracture. Treatment must be initiated by a specialist/consulting physician treating
                           osteoporosis.
                        
A very high risk of fracture in patients with steroid induced osteoporosis is defined as:
- The presence of one or more fractures in patients who have received glucocorticoid therapy at an average dose of ≥5 mg/day of prednisone or its equivalent for ≥3 consecutive months immediately preceding initial of teriparatide.
 
The radiological and/or laboratory reports and confirmation of the patient’s prior
                           treatment history supporting eligibility must be available for audit by Medicare Australia.
                           Fracture must have been demonstrated radiologically and the year of plain x-ray, or
                           CT-scan or MRI scan, and the year of DEXA must be included in the authority application.
A vertebral fracture is defined as a 20% or greater reduction in height of the anterior
                           or mid portion of a vertebral body relative to the posterior height of that body,
                           or, a 20% or greater reduction in any of these heights compared to the vertebral body
                           above or below the affected vertebral body
                        
Authority Required
Continuing treatment for steroid-induced osteoporosis where the patient has previously
                           been issued with an authority prescription for this drug.
Teriparatide is available with a lifetime maximum of 18 months teriparatide therapy
                           (18 pens), a maximum of 18 pens will be reimbursed through the PBS.
For PBAC’s view see Recommendation and Reasons.
 
                        
5. Clinical Place for the Proposed Therapy
                           Osteoporosis affects the skeleton and is characterised by low bone
                           mass and micro-architectural deterioration of bone tissue with a
                           subsequent increase in bone fragility and susceptibility to
                           fracture. Osteoporosis is defined by the measurement of bone
                           mineral density. Established osteoporosis denotes the presence of
                           one of more fragility fractures.
SEVERE ESTABLISHED OSTEOPOROSIS
6. Comparator
                           The submission nominated alendronate as the comparator for SEVERE
                           established osteoporosis. The PBAC had previously accepted
                           alendronate as the appropriate comparator in the population
                           targeted by the SEVERE listing.
7. Clinical Trials
                           No changes were made to the trial data presented in the previous
                           submission. During the evaluation the indirect analysis was
                           conducted using both the frequentist and Bayesian approaches.
                           The trials published at the time of the submission are as follows:
                           
                        
| Trial/First author | Protocol title/Publication title | Publication citation | 
| Teriparatide | ||
| GHAC/Neer RM | Effect of parathyroid hormone (1-34) on fractures and bone mineral density in postmenopausal women with osteoporosis. | New England Journal of Medicine 2001;344:1434-1441 | 
| GHAC/ Gallagher JC | Teriparatide reduces the fracture risk associated with increasing number and severity of osteoporotic fractures . | Journal of Clinical Endocrinology and Metabolism 2005;90:1583-7 | 
| Alendronate | ||
| FIT-VFA/Black DM | Randomised trial of alendronate on risk of fracture in women with existing vertebral fractures. | The Lancet 1996; 348:1535-1541 | 
8. Results of Trials
The primary outcome of the indirect analysis is summarised in the table below.
| Trial | Teriparatide (20mcg/day) | Placebo | Alendronate (10mg/day) | Treatment effect RR (95% CI) a | 
| Proportion of patients with new vertebral fractures (paired radiograph population) [n/N (%)] | ||||
| GHAC | 22/444 (5.0) | 64/448 (14.3) | - | 0.35 (0.22. 0.55) p < 0.0001 | 
| FIT-VFA | - | 145/965 (15.0) | 78/981 (8.0) | 0.53 (0.41, 0.69) p < 0.0001 | 
| Frequentist indirect estimate of effect [RR (95% CI)] | 0.66 (0.38, 1.12) p = 0.1211 | |||
| Bayesian indirect estimate of effect [median RR (95% CrI)] | 0.66 (0.38, 1.11) | |||
Abbreviations: CI, confidence interval; CrI, credible interval; RR, relative risk
a Calculated using a random effects model
The re-submission presented an indirect analysis of gastrointestinal adverse events.
                           The indirect analysis did not identify any additional safety issues. The re-submission
                           has also identified recent concerns regarding a possible association between atrial
                           fibrillation and alendronate treatment.
For PBAC’s comments on these results see Recommendation and Reasons.
 
                        
9. Clinical Claim
                           The re-submission claimed, “teriparatide is therapeutically
                           superior to alendronate for the treatment of severe established
                           osteoporosis and has a comparable safety profile”.
For PBAC’s view see Recommendation and
                              Reasons.
10. Economic Analysis
                           The submission presented an updated modelled economic evaluation
                           based on an indirect comparison of randomised studies. The type of
                           economic evaluation presented is a cost-utility analysis.
                           The results of the sensitivity analyses indicated that the model is
                           most sensitive to: the relative risk of vertebral fractures, the
                           use of ‘fracture multipliers’, assumptions regarding
                           any extended treatment effect, and the application of disutility
                           values associated with the vertebral fractures. The submission
                           estimated the incremental cost-effectiveness ratio (ICER) per
                           Quality Adjusted Life Year (QALY) gained to be less than $15,000.
                           However, the PBAC noted that changing this assumption so that only
                           30 % of vertebral fractures are associated with disutility had been
                           shown in a univariate sensitivity analysis to substantially
                           increase the ICER per QALY to the range of $45,000-$75,000.
For PBAC’s view see Recommendation and
                              Reasons.
11. Estimated PBS Usage and Financial Implications
                           The likely number of patients was estimated in the submission to be
                           less than 10,000 per year for both severe established osteoporosis
                           and steroid-induced osteoporosis.
                           The financial cost/year to the PBS was estimated in the submission
                           to be less than $10 million per year. The PBAC considered this
                           uncertain, and likely that the financial impact of teriparatide
                           would exceed $10 million per year if listed for both
                           indications.
12. Recommendation and Reasons
PART A: SEVERE ESTABLISHED OSTEOPOROSIS
The PBAC recommended the listing of teriparatide on the Pharmaceutical Benefits Scheme
                           as a Section 85 authority required benefit for the treatment of severe established
                           osteoporosis on the basis of acceptable cost-effectiveness over the comparator, alendronate,
                           in the context of a very high clinical need.
The Committee considered that the restriction proposed by the sponsor should be amended
                           to specify that at least one new symptomatic fracture to have occurred after 12 months
                           of continuous anti-resorptive therapy with an anti-resorptive agent at appropriate
                           doses. The PBAC’s recommendation to limit treatment to patients whose new fracture
                           is symptomatic reflects its conviction that the disutility associated with a fracture
                           is related to symptoms, or in other words, that an asymptomatic fracture is very unlikely
                           to be associated with any disutility. The anti-resorptives and doses which will be
                           accepted for the purposes of administering this restriction are: alendronate sodium
                           10 mg/day or 70 mg QW, risedronate sodium 5 mg/day or 35 mg QW; zoledronic acid 5
                           mg per annum; raloxifene hydrochloride 60 mg/day (women only); etidronate 200 mg with
                           calcium carbonate 1.25 g/day; and strontium ranelate 2 g/day.
In making this recommendation, the Committee noted that the most significant change
                           since it last rejected an application to list teriparatide for this indication has
                           been a substantial price reduction. There were also some minor changes to the modelled
                           economic evaluation, and the data from a study in corticosteroid induced osteoporosis
                           (GHBZ) had been presented in support of the efficacy of teriparatide in severe osteoporosis
                           (and as the key evidence in support of a listing request for Glucocorticoid Induced
                           Osteoporosis).
Although there have been no changes to the trial data for the severe population, which
                           shows that there is no statistically significant difference in efficacy between teriparatide
                           and alendronate at TGA-approved doses, the Committee noted that it had previously
                           accepted that there is a trend in these data which suggest that teriparatide may be
                           more effective than alendronate in preventing new vertebral and non-vertebral fractures,
                           and that this has biological plausibility. The data from study GHBZ provided further
                           reassurance on this issue, and overall, the Committee was prepared to accept the submission’s
                           approach to modelling the difference between the two agents.
The Committee further considered that the submission’s assumption that non-clinical
                           (asymptomatic) fractures have the same disutility as clinical (symptomatic) fractures
                           is not reasonable, and that a more reasonable approach would have been to assume that
                           only a proportion of vertebral fractures are symptomatic. The Committee noted that
                           changing this assumption so that only 30 % of vertebral fractures are associated with
                           disutility had been shown in a univariate sensitivity analysis to substantially increase
                           the incremental cost-effectiveness ratio (ICER) per Quality Adjusted Life Year (QALY)
                           gained.
Taking into account the substantial reduction in price offered by the sponsor prior
                           to the meeting, the Committee considered the ICER per QALY gained over alendronate
                           to represent acceptable cost-effectiveness, in the context of a high clinical need
                           for a treatment for the group of patients who continue to fracture despite treatment
                           with the currently available anti-resorptives or who have a true contraindication
                           or intolerance to these agents.
Recommendation
TERIPARATIDE, injection 150 micrograms per mL, Forteo®, Eli Lilly Pty Ltd.
                        
SEVERE ESTABLISHED OSTEOPOROSIS
Restriction: To be finalised
                        
NOTE:
Any queries concerning the arrangements to prescribe teriparatide may be directed
                           to Medicare Australia on 1800 700 270 (hours of operation 8 a.m. to 5 p.m. EST Monday
                           to Friday).
Written applications for authority to prescribe teriparatide should be forwarded to:
Medicare Australia
Prior Written Approval of Specialised Drugs
Reply Paid 9826
GPO Box 9826
HOBART TAS 7001
Further prescribing information is on the Medicare Australia website at www.medicareaustralia.gov.au.
 
                        
Authority Required
Initial treatment, by a specialist or consulting physician treating osteoporosis, as the sole PBS-subsidised agent for severe, established osteoporosis in a patient with a very high risk of fracture who:
a. has a bone mineral density (BMD) T-score of -3.0 or less, and
b. has two or more fractures due to minimal trauma, and
c. has experienced at least one new symptomatic fracture after at least 12 months continuous therapy with an anti-resorptive agent at adequate doses, or
d. treatment with anti-resorptive therapy is contraindicated according to the relevant TGA-approved Product Information, or intolerance of a severity necessitating permanent treatment withdrawal develops during the relevant period of use. Details of the contraindication or intolerance must be provided at the time of application.
A very high risk of fracture is defined as the presence of two or more minimal trauma
                           fractures AND a bone mineral density (BMD)
T-score of -3.0 in postmenopausal women or men with idiopathic or hypogonadic osteoporosis.
A vertebral fracture is defined as a 20 % or greater reduction in height of the anterior
                           or mid portion of a vertebral body relative to the posterior height of that body,
                           or, a 20 % or greater reduction in any of these heights compared to the vertebral
                           body above or below the affected vertebral body.
Anti-resorptive therapies for osteoporosis and their adequate doses, which will be
                           accepted for the purposes of administering this restriction are alendronate sodium
                           10mg/day or 70mg QW, risedronate sodium 5mg/day or 35mg QW; raloxifene hydrochloride
                           60mg/day (women only); etidronate 200mg with calcium carbonate 1.25g/day; strontium
                           ranelate 2g/day and zoledronic acid 5 mg per annum.
Authority applications must be made in writing and must include:
Details of prior anti-resorptive therapy, fracture history and the date, site (femoral
                           neck or lumbar spine) and score of the qualifying BMD measurement.
 
                        
Authority Required
Continuing treatment for severe established osteoporosis where the patient has previously
                           been issued with an authority prescription for this drug.
Teriparatide must only be used for a lifetime maximum of 18 months therapy (18 pens).
                           A maximum of 18 pens will be reimbursed through the PBS.
Maximum quantity: 1
Number of repeats: 5
GLUCOCORTICOID INDUCED OSTEOPOROSIS
6. Comparator
                           The submission nominated alendronate as the comparator. The PBAC
                           accepted this as appropriate, adding that risedronate would also be
                           an appropriate comparator for teriparatide in this
                           indication.
7. Clinical Trials
                           The submission presented one randomised trial (GHBZ) that compares
                           teriparatide
                           (20 mcg/day) with alendronate (10 mg/day) in patients with
                           steroid-induced osteoporosis.
                           The trial published at the time of the submission is as follows:
                           
                        
| Trial ID | Protocol title/ Publication title | Publication citation | 
| Teriparatide vs alendronate | ||
| GHBZ | Teriparatide or alendronate in glucocorticoid-induced osteoporosis | Saag et al (2007) New England Journal of Medicine, Vol 357 p2028–2039 | 
8. Results of Trials
The primary outcome of the GHBZ trial was the change in BMD at the lumbar spine. At
                           the last measurement (at 18 months), patients in the teriparatide group had a significantly
                           greater increase in mean (± standard error [SE]) BMD at the lumbar spine from baseline
                           than patients in the alendronate group (7.2 ± 0.7% vs. 3.4 ±0.7%, p<0.001).
The key secondary outcomes of the GHBZ trial are presented in the following table.
                        
| Outcome | Teriparatide (20 mcg/day) | Alendronate (10 mg/day) | RD (95% CI) | RR (95% CI) | p value a | 
| Proportion of patients with new radiographic vertebral fractures (paired radiograph population) [n/N (%)] | |||||
| - | 1/171 (0.6) | 10/165 (6.1) | -0.06 (-0.09, -0.02) | 0.10 (0.01, 0.75) | 0.004 | 
| Proportion of patients with new clinical vertebral fractures (ITT population) [n/N (%)] | |||||
| Any fracture | 0/214 (0.0) | 3/214 (1.4) | -0.01 (-0.03, 0.00) | 0.14 (0.01, 2.75) | 0.086 | 
| Proportion of patients with new clinical non-vertebral fractures (ITT population) [n/N (%)] | |||||
| Any fracture | 12/214 (5.6) | 8/214 (3.7) | 0.02 (-0.02, 0.06) | 1.50 (0.63, 3.60) | 0.362 | 
Abbreviations: CI, confidence interval; ITT, intention-to-treat; RD, risk difference;
                           RR, relative risk
a Percentages compared between treatment groups using a region stratified Cochran Mantel
                           Haenszel test
The GHBZ study indicated that teriparatide was superior to alendronate in terms of
                           BMD and radiographic vertebral fractures. However no statistically significant difference
                           was reported for clinical vertebral and non-vertebral fractures (patient-relevant
                           outcomes).
A comparison of safety outcomes in the GHBZ trial indicated that teriparatide treatment
                           was associated with a significantly higher incidence of pharyngitis, viral infection,
                           nausea, and psychiatric disorders (including insomnia). Alendronate treatment was
                           associated with a significantly higher incidence of sciatica, asthma, rash, and weight
                           loss. There were no significant differences in total adverse events or events leading
                           to discontinuation, hospitalisation or death.
The extended assessment of harm did not identify any additional safety issues for
                           teriparatide.
 
                        
9. Clinical Claim
                           The submission describes teriparatide as superior in terms of
                           comparative effectiveness over alendronate and comparable in terms
                           of safety.
For PBAC’s view, see Recommendation and
                              Reasons.
10. Economic Analysis
                           The submission presented a modelled economic evaluation based on
                           the direct comparison of teriparatide and alendronate in the GHBZ
                           trial. The type of economic evaluation presented was a cost-utility
                           analysis.
                           The results of the sensitivity analyses indicated that the model is
                           most sensitive to: the relative risk of vertebral fractures, the
                           use of ‘fracture multipliers’, assumptions regarding
                           any extended treatment effect, and the application of disutility
                           values associated with vertebral fractures. The PBAC considered
                           that the evidence to support the assumptions used in the base case
                           analysis was weak and considered that equally plausible scenarios
                           could be generated with substantially higher costs per QALY.
                           The PBAC noted that the base case ICER per QALY fell in the range
                           $15,000-$45,000. When this was recalculated to set the fracture
                           multiplier at one and to assume only 30 % of vertebral fractures
                           are associated with disutility, the ICER per QALY increased
                           to
                           > $200,000. If only the disutility assumption is altered as
                           described above, the ICER per QALY was $75,000-$105,000. If only
                           the fracture multiplier assumption is altered as described above,
                           the ICER per QALY was $75,000-$105,000.
For PBAC’s view, see Recommendation and
                              Reasons.
11. Estimated PBS Usage and Financial Implications
                           The likely number of patients was estimated in the submission to be
                           < 10,000 per year in Year 4 (based on both severe established
                           osteoporosis and steroid-induced osteoporosis).
                           The financial cost/year to the PBS was estimated in the submission
                           to be < $10 million in Year 4. The PBAC considered the estimates
                           presented in the submission to be highly uncertain, and it is
                           likely that the financial impact of teriparatide would exceed $10
                           million if listed for both indications.
                           The PBAC considered that the estimation of the eligible population
                           based on the incidence rather than the prevalence of
                           glucocorticosteroid-induced osteoporosis was inappropriate and
                           underestimated usage.
12. Recommendation and Reasons
GLUCOCORTICOID INDUCED OSTEOPOROSIS
                           The PBAC agreed that alendronate or risedronate were both
                           appropriate comparators for teriparatide in this indication,
                           recognising that under the restriction proposed by the submission
                           alendronate was the therapy most likely to be replaced in practice,
                           but that with the Committee’s recent recommendation to list
                           risedronate for glucocorticoid induced osteoporosis, albeit in
                           patients without a prevalent fracture, risedronate may also be an
                           appropriate comparator. The Committee however considered that,
                           overall; the clinical place of teriparatide in the treatment of
                           this condition remains unclear.
                           The Committee agreed that the evidence from the key trial, GHBZ,
                           supports the claim that teriparatide is superior to alendronate in
                           terms of radiographic vertebral fractures, which PBAC has
                           previously accepted as an appropriate endpoint in these small
                           trials. The Committee also considered that in terms of safety,
                           teriparatide and alendronate appear to have different but
                           comparable safety profiles, but that the long-term safety of
                           teriparatide in steroid induced osteoporosis is unclear.
                           The Committee noted that the sponsor was requesting a higher price
                           for teriparatide for this indication compared to that requested for
                           the severe population, and furthermore that, as acknowledged by the
                           submission, the baseline risk of fracture in the glucocorticoid
                           treated population targeted by the requested listing is lower than
                           in the population with severe osteoporosis, although uncertainties
                           remain as to how this difference in pre-treatment risk of fracture
                           has been incorporated into the economic model.
                           The Committee noted that the economic model for this indication
                           uses the same disutility values for fracture as the model for the
                           severe indication, and again applies these disutility values to all
                           fractures irrespective of whether they are symptomatic or
                           asymptomatic. The Committee considered that a more reasonable
                           approach would have been to assume that only a proportion of
                           vertebral fractures are symptomatic. The Committee further noted
                           that changing this assumption so that only 30 % of vertebral
                           fractures are associated with disutility had been shown in a
                           univariate sensitivity analysis to substantially increase the
                           incremental cost-effectiveness ratio (ICER) per Quality Adjusted
                           Life Year (QALY) gained.
                           The PBAC noted that the base case ICER per QALY is $15,000-$45,000.
                           If this is recalculated to set the fracture multiplier at one and
                           to assume only 30 % of vertebral fractures are associated with
                           disutility, the ICER per QALY increases to >$200,000. If only
                           the disutility assumption is altered as described above, the ICER
                           per QALY is $75,000-
                           $105,000. If only the fracture multiplier assumption is altered as
                           described above, the ICER per QALY is $75,000-$105,000. Thus, the
                           Committee rejected the application for subsidy of teriparatide for
                           glucocorticoid-induced osteoporosis on the basis of a high and
                           uncertain incremental cost effectiveness ratio.
Recommendation
Reject
13. Context for Decision
                           The PBAC helps decide whether and, if so, how medicines should be
                           subsidised in Australia. It considers submissions in this context.
                           A PBAC decision not to recommend listing or not to recommend
                           changing a listing does not represent a final PBAC view about the
                           merits of the medicine. A company can resubmit to the PBAC or seek
                           independent review of the PBAC decision.
14. Sponsor’s Comment
                           Eli Lilly welcomes the PBAC’s decision to recommend PBS
                           listing for teriparatide. Eli Lilly will address issues and
                           uncertainties related to the assumptions used in the economic
                           modelling for GIOP and looks forward to the opportunity to address
                           issues related to the “fracture multiplier” and
                           disutilities associated with fracture.




