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Vermillion, Inc.
,
a bio-analytical solutions company focused on gynecologic disease, today
announced initial results from a cost-effectiveness analysis study which will
be presented today at the Annual Meeting of the American College of Medical
Quality in Alexandria, Virginia. The study was co-authored by Dr. Robert E.
Bristow and Dr. Gareth K. Forde, clinicians at the UC Irvine and Dr. John
Hornberger, a leading health economist at Stanford University School of
Medicine. This new study, entitled: "Cost Effectiveness Analysis of a
Multivariate Index Assay compared to Modified ACOG Criteria and CA-125 in the
Triage of Women with Adnexal Masses", further establishes important advantages
that OVA1^® may provide in the detection, triage and cost-effective management
of ovarian cancer.
Recent publications continue to show a dire national status quo for women with
ovarian cancer, in which the majority are detected at late stage with only
10-25% having a five-year survival, despite the existence of treatment
pathways that have been shown to improve overall survival by as much as 30%.
The study compared clinical outcomes and costs using OVA1 versus the off-label
but commonly used CA-125 (CA 125-II), an ovarian cancer biomarker, or current
gynecologic best-practice care known as Dearking-modified ACOG guidelines
(mod-ACOG). Model endpoints included overall survival, costs, quality-adjusted
life years (QALY) and incremental cost effectiveness ratio (ICER). The
analysis considered a lifetime horizon from the standpoint of a public payer
(using Medicare reimbursement rates) and an accepted cost-effectiveness
threshold of $50,000 per QALY.
The analysis reported by Dr. Forde and his colleagues differed from previous
studies in that it:
o Utilized OVA1 test performance characteristics derived directly from two
OVA1 clinical trials
o Compared cost-effectiveness using only common, validated benchmark
protocols and cutoffs
o Evaluated a single prospectively enrolled and double-blinded registry
study cohort for which each benchmark method was compared on a per-patient
basis with OVA1 results
o Included an expert treatment decision path analysis, independently
published epidemiology and quality of life utility assumptions and a
robust hidden Markov model methodology
o Considered direct costs from a Medicare reimbursement perspective, and
separately, inclusion of indirect costs associated with lost patient and
caregiver productivity
Several important health economic and quality outcomes conclusions were
reported in the new study:
o Use of OVA1 resulted in fewer projected re-operations and pre-treatment CT
scans versus CA 125-II or mod-ACOG
o OVA1 was QALY-increasing and cost-effective relative to CA 125-II or
mod-ACOG
o ICERs of $12,189/QALY and $35,094/QALY were calculated versus CA 125-II
and mod-ACOG, respectively; resulting in a "cost-effective" outcome based
on the $50,000 threshold
o Relative to the best-practice mod-ACOG benchmark, OVA1 projected an annual
increase in patient survival and QALY in excess of 1,000 years, when the
surgical cohort was projected to national annual adnexal mass surgeries
including about 22,000 new cases of ovarian cancer
Valerie Palmieri, President and Chief Executive Officer of Vermillion, stated,
"Vermillion's goal is to ensure each patient with an adnexal mass receives
optimal treatment in the most efficient way while markedly improving the
quality and cost of care, one life at a time. We expect payers and clinicians
to welcome this rigorous analysis showing how OVA1 compares to standard of
care diagnostics in achieving quality outcomes and cost-effectiveness. The
findings clearly demonstrate that the time has come to evaluate retiring
off-label use of CA 125-II for ovarian cancer triage, and to consider updating
the ACOG guidelines to include the more sensitive and cost-effective use of
OVA1 for pre-surgical evaluation of ovarian cancer risk."
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