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Unlocking the value
of (bio)medical and
healthcare
innovations
Dr. Bert Vrijhoef | CIO
on behalf of the Panaxea Team
The Health Intelligence Company
(Bio)Medical and Healthcare Innovation: 

a Changing Game
A Changing Game
Notwithstanding the increasing need for innovation in health
care:
• Having something new (combined with provider or patient
pull) is just not sufficient anymore
• Getting an innovation to the clinic is increasingly dependent
on:
– How the innovation holds up in the era of (comparative)
evidence-based medicine
– Setting and managing a sustainable target price, based on the
innovations’ added value
– Payers have become players
Payers have become players
It is not enough to know:
– That an innovation ought to work
– That it makes sense
– That we can do it, or that an expert vouches for it
– That it works in mice, rats or petri dishes
It is nice to know, but still not sufficient:
– That it lowers blood pressure, normalizes heart rhythms, ...
– That it has better imaging or diagnostic quality
Instead, they need to know:
– Does it actually extend lives and/or improve quality of life?
– What are the risks, potential harms?
– What are the net changes in total costs of care including upfront
and downstream cost impacts?
Payers have become players
Payers want to be convinced about “value
for money” before the innovation enters
next development stages or clinical practice
Do
not
adopt
Trade-
off
Trade-
off
Adopt
costs
effects
+
−
+
−
Payers and other players
▪ Different stakeholders experience different benefits and burdens
▪ Stakeholders have different decision drivers and evidence needs
Panaxea
Addresses questions regarding:
▪ Business development and strategy
▪ (Re-)design of new service, product, or pathway
▪ Implementation of new service, product, or pathway
▪ Added value of new services, products, or pathways
▪ Market access & reimbursement
▪ Implementation/ evaluation of new products/
interventions in care pathway
“Intuitively, my product means
enormous value to the patient. How
do I convey the added value
potential of my product the
stakeholders including investors,
payers, patients health care
providers?”
“Users are complaining about the high
cost of the product, but they do not
realize the cost savings down the care
pathway. How can I clarify this?”
“My product is not taken up
by healthcare providers.
How can I increase market
penetration?”
“What is the savings
potential of my product?”
“What is a an acceptable,
value-based price range for
my new product?”
Strategic Market Access
▪ Panaxea offers strategic advice in early
stage of a company’s product development
process to accelerate market access.
Unlocking the value of your
(bio)medical and healthcare
innovations
▪ Focuses on:
– Accelerating patient access to
(bio)medical innovations
– Building scientific evidence to inform
strategic development, pricing and
reimbursement decisions
– Evaluate and monitor health care
innovations or pathways
▪ With state-of-the-art academic
methodology/ tools Panaxea provides
excellence in services such as:
Health Economic Modeling
▪ Panaxea offers health economic expertise to
model clinical, economic and humanistic
impact, even at the earliest stages of
biomedical product development.
New Models of Care Delivery
▪ New care models incl. integration of social
and health care, pathways, bundled
payments;
▪ Substitution of care between health-care
professionals and organizations incl.
transitions of care and self-care;
▪ E-health: new business models,
implementation fidelity, cost-effectiveness.
Payback from research analysis;
Strategic business case;
Conceptualization of new models of
care delivery;
Multi-criteria decision analysis;
Health economic evaluations;
Health services and policy research;
Horizon scanning;
Clinical trial simulation;
Value of Information analysis;
Reimbursement strategy and
planning;
Value dossiers
D – Implementation and
monitoring of new models of care
delivery;
Health services and policy research
Panaxea along the Medtech Product Development Process
R&D
decision
Observed
need
Investment
decision
Market
decision
Concept
development
Product
development
Post market
development
A B DC
A – Market Analysis;
Priority setting
B – Headroom analysis
C – Product development support;
MTA or health economic model;
Projects
Selection of projects
Developing an innovative in-vitro diagnostic medical device for early diagnosis of Lyme
disease
Problem definition:
• Challenges in the commercialization pathway e.g. gaining market access
• Lack of formal value-based reimbursement procedures for diagnostic tests
Panaxea’s expertise:
• Developing a country-specific reimbursement roadmap and strategy (including
options for conditional as well as permanent reimbursement)
• Performing a detailed health technology assessment of the innovative test to
demonstrate its cost-effectiveness from a payer perspective and the diagnostic lab
perspective
Selection of our clients and partners


European
Commission


ZonMw




Roche
Thermofisher


TNO


Bayer


Belgian Health Care
Knowledge Centre


Fresenius


Mellon Medical


Acutus Medical


LeukoDx


Gannet


Portavita


Elekta


Sanofi




Nutricia
CSL Behring
H2020-ESCAPE-NET: European Sudden Cardiac Arrest network: towards Prevention, Education
and New Treatment
H2020-CRADL: Continuous Regional Analysis Device for neonate Lung
MAFEIP: Monitoring and Assessment Framework for the EIP on Active and Healthy Ageing
in collaboration with EC JRS


Team
Lotte M.G. Steuten, PhD, MSc
Chief Scientific Officer, Co-Founder
Isabelle Lepage-Nefkens, PhD,
MPH
Chief Executive Officer
Hubertus J.M. Vrijhoef, PhD, MSc
Chief Innovation Officer
Daan Mathijssen, MSc
Consultant
Anam Ahmed, MSc
Consultant
Liset Grooten, MSc
Affiliate Junior researcher
Janne Mewes, PhD
Senior consultant
Thank you!
@PANAXEA
The Health Intelligence Company
info@panaxea.eu

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Bert Vrijhoef - PANAXEA - RotterdamTechCity - 12 JULY2017

  • 1. Unlocking the value of (bio)medical and healthcare innovations Dr. Bert Vrijhoef | CIO on behalf of the Panaxea Team The Health Intelligence Company
  • 2. (Bio)Medical and Healthcare Innovation: 
 a Changing Game
  • 3. A Changing Game Notwithstanding the increasing need for innovation in health care: • Having something new (combined with provider or patient pull) is just not sufficient anymore • Getting an innovation to the clinic is increasingly dependent on: – How the innovation holds up in the era of (comparative) evidence-based medicine – Setting and managing a sustainable target price, based on the innovations’ added value – Payers have become players
  • 4. Payers have become players It is not enough to know: – That an innovation ought to work – That it makes sense – That we can do it, or that an expert vouches for it – That it works in mice, rats or petri dishes It is nice to know, but still not sufficient: – That it lowers blood pressure, normalizes heart rhythms, ... – That it has better imaging or diagnostic quality Instead, they need to know: – Does it actually extend lives and/or improve quality of life? – What are the risks, potential harms? – What are the net changes in total costs of care including upfront and downstream cost impacts?
  • 5. Payers have become players Payers want to be convinced about “value for money” before the innovation enters next development stages or clinical practice Do not adopt Trade- off Trade- off Adopt costs effects + − + −
  • 6. Payers and other players ▪ Different stakeholders experience different benefits and burdens ▪ Stakeholders have different decision drivers and evidence needs
  • 7. Panaxea Addresses questions regarding: ▪ Business development and strategy ▪ (Re-)design of new service, product, or pathway ▪ Implementation of new service, product, or pathway ▪ Added value of new services, products, or pathways ▪ Market access & reimbursement ▪ Implementation/ evaluation of new products/ interventions in care pathway “Intuitively, my product means enormous value to the patient. How do I convey the added value potential of my product the stakeholders including investors, payers, patients health care providers?” “Users are complaining about the high cost of the product, but they do not realize the cost savings down the care pathway. How can I clarify this?” “My product is not taken up by healthcare providers. How can I increase market penetration?” “What is the savings potential of my product?” “What is a an acceptable, value-based price range for my new product?”
  • 8. Strategic Market Access ▪ Panaxea offers strategic advice in early stage of a company’s product development process to accelerate market access. Unlocking the value of your (bio)medical and healthcare innovations ▪ Focuses on: – Accelerating patient access to (bio)medical innovations – Building scientific evidence to inform strategic development, pricing and reimbursement decisions – Evaluate and monitor health care innovations or pathways ▪ With state-of-the-art academic methodology/ tools Panaxea provides excellence in services such as: Health Economic Modeling ▪ Panaxea offers health economic expertise to model clinical, economic and humanistic impact, even at the earliest stages of biomedical product development. New Models of Care Delivery ▪ New care models incl. integration of social and health care, pathways, bundled payments; ▪ Substitution of care between health-care professionals and organizations incl. transitions of care and self-care; ▪ E-health: new business models, implementation fidelity, cost-effectiveness.
  • 9. Payback from research analysis; Strategic business case; Conceptualization of new models of care delivery; Multi-criteria decision analysis; Health economic evaluations; Health services and policy research; Horizon scanning; Clinical trial simulation; Value of Information analysis; Reimbursement strategy and planning; Value dossiers D – Implementation and monitoring of new models of care delivery; Health services and policy research Panaxea along the Medtech Product Development Process R&D decision Observed need Investment decision Market decision Concept development Product development Post market development A B DC A – Market Analysis; Priority setting B – Headroom analysis C – Product development support; MTA or health economic model;
  • 10. Projects Selection of projects Developing an innovative in-vitro diagnostic medical device for early diagnosis of Lyme disease Problem definition: • Challenges in the commercialization pathway e.g. gaining market access • Lack of formal value-based reimbursement procedures for diagnostic tests Panaxea’s expertise: • Developing a country-specific reimbursement roadmap and strategy (including options for conditional as well as permanent reimbursement) • Performing a detailed health technology assessment of the innovative test to demonstrate its cost-effectiveness from a payer perspective and the diagnostic lab perspective
  • 11. Selection of our clients and partners 
 European Commission 
 ZonMw 
 
 Roche Thermofisher 
 TNO 
 Bayer 
 Belgian Health Care Knowledge Centre 
 Fresenius 
 Mellon Medical 
 Acutus Medical 
 LeukoDx 
 Gannet 
 Portavita 
 Elekta 
 Sanofi 
 
 Nutricia CSL Behring H2020-ESCAPE-NET: European Sudden Cardiac Arrest network: towards Prevention, Education and New Treatment H2020-CRADL: Continuous Regional Analysis Device for neonate Lung MAFEIP: Monitoring and Assessment Framework for the EIP on Active and Healthy Ageing in collaboration with EC JRS 

  • 12. Team Lotte M.G. Steuten, PhD, MSc Chief Scientific Officer, Co-Founder Isabelle Lepage-Nefkens, PhD, MPH Chief Executive Officer Hubertus J.M. Vrijhoef, PhD, MSc Chief Innovation Officer Daan Mathijssen, MSc Consultant Anam Ahmed, MSc Consultant Liset Grooten, MSc Affiliate Junior researcher Janne Mewes, PhD Senior consultant
  • 13. Thank you! @PANAXEA The Health Intelligence Company info@panaxea.eu