New Zealand has the highest rate of melanoma in the world yet we have no effective therapy for advanced melanoma. Pharmac's decision to not fund the "wonder drug" branded Keytruda makes me wonder: has Pharmac made the right decision?
Everyone familiar with the drug, properly called Pembrolizumab, agrees it is effective. The survival rate for patients after one year is around 70 per cent when treated with this drug, or its near identical unregistered competitor Nivolumab, compared to 25 per cent first-year survival for untreated patients.
It is also comparatively safe. Every cancer drug has side effects, but the government's drug safety agency, Medsafe, says the benefits outweigh the risk. Yes, it is affordable. Pharmac does not spend its entire budget, returning funds to other health sector services, so almost certainly has enough money.
Even without long-term data, the results are sufficiently compelling to convince funders in the UK, Canada, Australia and many other countries to make treatment publicly available. The question is whether it is effective enough to justify the high cost, compared to other priorities?
We don't know if Pembrolizumab is good value for money because Pharmac won't divulge cost effectiveness, citing commercial sensitivity. The UK's evaluation agency releases limited cost-effectiveness analysis, while some Canadian reviews are released in full. Professor Tony Blakely said the cost effectiveness calculations stack up compared to other decisions. Having some indication of cost-effectiveness and comparisons to other products would lead to a more informed debate.