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For peer review only A cost-utility analysis of transcatheter aortic valve implantation (TAVI) in Belgium: focusing on a well-defined and identifiable population. Journal: BMJ Open Manuscript ID: bmjopen-2012-001032 Article Type: Research Date Submitted by the Author: 22-Feb-2012 Complete List of Authors: Neyt, Mattias; Belgian Health Care Knowledge Centre (KCE), Van Brabandt, Hans; Belgian Health Care Knowledge Centre (KCE), ; Belgian Centre for Evidence-Based Medicine (CEBAM), Devriese, Stephan; Belgian Health Care Knowledge Centre (KCE), Van De Sande, Stefaan; Belgian Health Care Knowledge Centre (KCE), <b>Primary Subject Heading</b>: Health economics Secondary Subject Heading: Surgery Keywords: CARDIOLOGY, Valvular heart disease < CARDIOLOGY, HEALTH ECONOMICS, Cardiac surgery < SURGERY For peer review only - http://bmjopen.bmj.com/site/about/guidelines.xhtml BMJ Open on July 23, 2020 by guest. Protected by copyright. http://bmjopen.bmj.com/ BMJ Open: first published as 10.1136/bmjopen-2012-001032 on 4 May 2012. Downloaded from

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Page 1: BMJ Open€¦ · trial (NCT00530894) provided more robust data,1 2 allowing to more reliably estimate the clinical benefit of TAVI as compared to other treatment modalities. After

For peer review only

A cost-utility analysis of transcatheter aortic valve implantation (TAVI) in Belgium: focusing on a well-defined

and identifiable population.

Journal: BMJ Open

Manuscript ID: bmjopen-2012-001032

Article Type: Research

Date Submitted by the Author: 22-Feb-2012

Complete List of Authors: Neyt, Mattias; Belgian Health Care Knowledge Centre (KCE), Van Brabandt, Hans; Belgian Health Care Knowledge Centre (KCE), ; Belgian Centre for Evidence-Based Medicine (CEBAM),

Devriese, Stephan; Belgian Health Care Knowledge Centre (KCE), Van De Sande, Stefaan; Belgian Health Care Knowledge Centre (KCE),

<b>Primary Subject Heading</b>:

Health economics

Secondary Subject Heading: Surgery

Keywords: CARDIOLOGY, Valvular heart disease < CARDIOLOGY, HEALTH ECONOMICS, Cardiac surgery < SURGERY

For peer review only - http://bmjopen.bmj.com/site/about/guidelines.xhtml

BMJ Open on July 23, 2020 by guest. P

rotected by copyright.http://bm

jopen.bmj.com

/B

MJ O

pen: first published as 10.1136/bmjopen-2012-001032 on 4 M

ay 2012. Dow

nloaded from

Page 2: BMJ Open€¦ · trial (NCT00530894) provided more robust data,1 2 allowing to more reliably estimate the clinical benefit of TAVI as compared to other treatment modalities. After

For peer review only

1

A cost-utility analysis of transcatheter aortic valve implantation (TAVI)

in Belgium: focusing on a well-defined and identifiable population.

Mattias Neyt, Hans Van Brabandt, Stephan Devriese, Stefaan Van de Sande

Short title: Cost-utility analysis of transcatheter aortic valve implantation (TAVI)

Mattias Neyt, MSc, PhD, health economist, Belgian Health Care Knowledge Centre (KCE), 1000 Brussels,

Belgium

Hans Van Brabandt, MD, cardiologist, Belgian Health Care Knowledge Centre (KCE), 1000 Brussels,

Belgium

Stephan Devriese, MSc, PhD, data analyst, Belgian Health Care Knowledge Centre (KCE), 1000 Brussels,

Belgium

Stefaan Van de Sande, MD, medical supervisor, Belgian Health Care Knowledge Centre (KCE), 1000

Brussels, Belgium

Corresponding author:

Mattias Neyt, MSc, PhD

Belgian Health Care Knowledge Centre (KCE)

Kruidtuinlaan 55

1000 Brussels

Belgium

[email protected]

Tel: +32(0)2/287.33.39

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"the Corresponding Author has the right to grant on behalf of all authors and does grant on behalf of all

authors, an exclusive licence (or non exclusive for government employees) on a worldwide basis to the

BMJ Publishing Group Ltd to permit this article (if accepted) to be published in BMJ editions and any

other BMJPGL products and sublicences such use and exploit all subsidiary rights, as set out in our

licence."

Funding: There was no support from any organisation for the submitted work; no financial relationships

with any organisations that might have an interest in the submitted work in the previous three years,

and no other relationships or activities that could appear to have influenced the submitted work.

Competing interests: None.

Contributors: MN carried out the economic analysis and drafted the paper. HVB provided medical advice

and performed a medical literature review in search for relevant data. SD and SVDS analysed the Belgian

data. All authors participated in revising the draft paper and approved the version to be published. MN

is guarantor for the paper.

Data sharing statement: Individual patient data are not available. Aggregated data are published in

“Neyt M, Van Brabandt H, Van de Sande S, Devriese S. Health Technology Assessment. Transcatheter

Aortic Valve Implantation (TAVI): a Health Technology Assessment Update. Health Technology

Assessment (HTA). Brussels: Belgian Health Care Knowledge Centre (KCE), 2011.” which is publicly

available at http://www.kce.fgov.be/publication/report/transcatheter-aortic-valve-implantation-tavi-a-

health-technology-assessment-updat.

Word count: 3641 (exclusive tables, figures, references and supplements)

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Article focus

- To assess the cost-effectiveness of transcatheter aortic valve implantation (TAVI) for Belgian

patients.

Key messages

- In high-risk operable patients, surgical aortic valve replacement (AVR) and TAVI are associated

with similar mortality rates at one year. However, there is a twice as high rate of stroke after

TAVI. From an economic point of view, the less invasive nature of the TAVI procedure does not

weigh against the extra costs of about €20,000 per patient.

- In inoperable patients, TAVI significantly reduces the rate of death from any cause as compared

with a non-surgical approach. The incremental cost-effectiveness ratio is about €45,000 per

quality-adjusted life year (QALY) gained. Nevertheless a distinction should be made between

inoperability for anatomic versus medical reasons. TAVI offers more value for money in the

former patient group with ICERs decreasing more than €10,000 per QALY.

- If policy makers are willing/able to pay the relative high price for TAVI, it is advised to focus in

the first place on the anatomic inoperable patients.

Strengths and limitations

- Hospital billing data of 183 Belgian patients treated with the Edwards SAPIEN valve were at our

disposal for cost calculations.

- Next to the published pivotal PARTNER (Placement of AoRTic TraNscathetER Valve) trial, a non-

published randomized controlled trial (RCT) with TAVI was identified. This Continued Access trial

was performed according to the same study protocol of the pivotal PARTNER trial. The mortality

outcomes of this Continued Access RCT, disfavoring TAVI, were included in our analysis.

- An unbalance in patient characteristics was observed in the inoperable patients of the PARTNER

trial, favoring the TAVI group. A subgroup analysis showed a greater improvement for anatomic

inoperable patients versus those inoperable for medical reasons.

- The most important limitation of our analysis is the non-availability of all relevant study

outcomes, especially for the negative non-published Continued Access RCT. The study sponsor

should be willing to reveal this information in due time. Payers should require access to these

non-published data before deciding on reimbursement.

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Abstract

Background

Patients with severe aortic stenosis and coexisting non-cardiac conditions may be at high-risk for surgical

replacement of the aortic valve or even be no candidates for surgery. In these patients transcatheter

aortic valve implantation (TAVI) is suggested as an alternative. Results of the PARTNER (Placement of

AoRTic TraNscathetER Valve) trial comparing the clinical effectiveness of TAVI with surgical valve

replacement and standard therapy were published. We assessed the cost-effectiveness of TAVI in

Belgium.

Methods

A Markov model of incremental costs, effects (survival and quality of life) and incremental cost-

effectiveness of TAVI was developed. The impact on survival, number of events and quality of life was

based on the PARTNER trial. Costs per event were context-specific.

Results

In high-risk operable patients, even if the minor differences in 30-day and 1-year mortality are taken into

account, the incremental cost-effectiveness ratio (ICER) remains on average above €750,000 per quality-

adjusted life year (QALY) gained [incremental cost (IC): €20,400; incremental effect (IE): 0.03 QALYs]. In

inoperable patients, an ICER of €44,900 per QALY (IC: €33,200; IE: 0.74 QALYs) is calculated, including a

life-long extrapolation of the mortality benefit. This result was sensitive to the assumed time horizon.

The subgroup of anatomically inoperable patients had better outcomes than medically inoperable

patients, with ICERs decreasing more than €10,000/QALY.

Conclusions

It is inappropriate to consider reimbursement of TAVI for high-risk operable patients. Reimbursing TAVI

in inoperable patients in essence is a political decision. From an economic perspective, it would be

prudent to first target patients that are inoperable because of anatomical prohibitive conditions.

In our search for evidence, we identified non-published negative results from a randomized controlled

TAVI trial. The study sponsor should be more willing to share this information to allow balanced

evaluations and policy recommendations. Payers should require these data before taking

reimbursement decisions.

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Background Degenerative aortic stenosis is a common valvular heart disease, mostly affecting elderly people. Since

many of those patients suffer from co-morbidities, they might not be amenable to surgical valve

replacement. In this context, transcatheter aortic valve implantation, a less invasive approach to correct

the valvular stenosis, has been developed. Until recently, the assessment of the clinical effectiveness of

transcatheter aortic-valve implantation (TAVI) had to rely on reports from uncontrolled case series,

making it prone to bias. The randomized controlled PARTNER (Placement of AoRTic TraNscathetER Valve)

trial (NCT00530894) provided more robust data,1 2

allowing to more reliably estimate the clinical benefit

of TAVI as compared to other treatment modalities. After the publication of the pivotal trial results,

additional data from the PARTNER trial became available. Among them are mortality data from the

Continued Access study, related to patients treated according to the randomized protocol for inoperable

patients. We used the available trial data to be incorporated in a health economic model in order to

calculate TAVI’s cost effectiveness. This is of major importance to support rational reimbursement

decisions, taking into account the financial constraints.

Methods A Markov simulation model is developed in Excel in order to assess the efficiency of TAVI. Having a

possible impact on both mortality and quality of life, both cost-effectiveness (with outcomes expressed

in life-years gained) and cost-utility analyses (with life-years gained adjusted for quality of life) are

performed. The @Risk adds-on tool is used for probabilistic modeling and probabilistic sensitivity

analyses.

The analysis includes direct health care costs from the perspective of the health care payer.3 Payments

out of the public health care budget as well as patients’ co-payments are included. Since baseline

employment rates are expected to be low in the target population, indirect productivity costs are

ignored.

Population

The model simulates a hypothetical cohort of 1,000 TAVI-eligible patients. The type of participants

considered reflects the PARTNER patients. The PARTNER study incorporated two parallel prospective,

multicenter, randomized, active-treatment-controlled clinical trials.1 Patients were divided into two

cohorts: those who were considered to be candidates for surgery but at high surgical risk (cohort A) and

those who were no suitable candidates for surgery (cohort B). In the first cohort, TAVI could be

performed trans-femoral or trans-apical. The average age was 84 and 83 years in high-risk operable and

inoperable patients, respectively. The proportion of males was 57% and 46%, respectively.1 2

This is

reflected in the model and taken into account when extrapolating the short-term results into lifetime

outcomes. More information on the PARTNER study design is available in the Supplementary Appendix.

Intervention and comparator

The Edwards SAPIEN heart-valve system (Edwards Lifesciences) is used in the PARTNER-US study. The

comparator is different for the two cohorts. In the high-risk operable patients this is surgical aortic valve

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replacement (AVR). In the inoperable patients the comparator treatment was a so-called ‘standard

therapy’ incorporating a balloon valvuloplasty in most patients.

Time horizon

There was no significant difference in survival after one year in the high-risk operable patients.

Therefore, in our model, the time horizon is restricted to this period. In inoperable patients, there is a

survival advantage after one year and survival data are extrapolated to a lifetime time horizon. Future

costs and benefits are discounted at a yearly rate of 3% and 1.5%, respectively.3

Markov model

A Markov model with monthly cycles is set up (Figure 1). The square node points at the choice between

TAVI and the alternative intervention (AVR in high-risk operable patients (cohort A) or standard therapy

in inoperable patients (cohort B)). In every cycle, the patient can die (end node), be hospitalized, have

an adverse event or no event.

Figure 1: the TAVI

AVR: aortic valve replacement; ST: standard therapy; TAVI: transcatheter aortic valve implantation.

The green square is a choice node, the red dots are chance nodes and the blue triangles are end nodes.

Etc.: this indicates that if the patient survives, he goes to the next cycle in the Markov model. In each cycle, the

patient is again at risk of dying, being hospitalized, having other events or no event.

Mortality

The PARTNER study is the first RCT to assess the safety and efficacy of the Sapien® valve. It was

conducted under the auspices of the FDA and required to apply for market approval for the valve on the

US market. In addition to published study results, information was searched in FDA’s Advisory Panel

documents, conference documents and press releases, and from the study sponsor.

Table 1 shows the 30-day and one-year mortality rates in the PARTNER trial. Intention-to-treat results

are implemented in the model. In high-risk operable patients, the non-inferiority study showed non-

High surgical

risk

(Cohort A/B)

mortality

hospitalisation

no event

other events

etc.

etc.

etc.

TAVI

mortality

hospitalisation

no event

other events

etc.

etc.

etc.

AVR/ST

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significant differences.2 In inoperable patients, an absolute 20% mortality risk reduction is found after

one year.1 In contrast, the non-published Continued Access study, following the same protocol,

presented an absolute 12.7% higher mortality in the TAVI group.4 The weighted average results in an

absolute mortality reduction by TAVI of 12.3%, which is used in the reference case. A validity check was

applied to check whether the modeled one-year mortality rates were consistent with the published

rates.

The monthly mortality rate between the second month and one year is deducted from the one-month

and 1-year mortality and is assumed to be constant over this period. This monthly mortality rate

increases yearly according to the age- and sex specific mortality rates of the total Belgian population to

extrapolate trial results to the lifetime time horizon for inoperable patients.

Table 1: Early and late mortality in the PARTNER trial

High-risk operable patients Inoperable patients

PIVOTAL TRIAL CONT. ACCESS COMBINED*

TAVI AVR p-value TAVI Stand. p-value TAVI Stand. TAVI Stand.

N 348 351 179 179 41 49 220 228

30-d. mort. 3.4% 6.5% 0.07 5.0% 2.8% 0.41 9.8% 2.1% 5.9% 2.7%

1-yr. mort. 24.0% 26.8% 0.44 30.7% 50.7% <0.001 34.3% 21.6% 31.4% 43.7%

AVR: aortic valve replacement; Cont.: Continued; Stand.: standard therapy; TAVI: transcatheter aortic valve

implantation.

Sources: high-risk operable patients: Smith et al.2; inoperable patients: pivotal trial: Leon et al.

1; Continued Access:

FDA.4

* The weights are based on the number of participants in the pivotal and Continued Access trials.

Utilities

The PARTNER study protocol mentions QoL was measured with the EQ-5D questionnaire in both the

high-risk operable and inoperable patients. This generic utility measure was applied both at baseline and

after 1, 6 and 12 months. Results were not published but provided by the study sponsor for inoperable

patients and included in the model (details are provided in Table 3 in the Supplementary Appendix). An

adjustment for baseline QoL differences was included. We assumed a linear QoL evolution between

baseline, 1, 6 and 12 months and a constant QoL afterwards.

Unfortunately, although requested from the study sponsor, no EQ-5D results were provided for high-risk

operable patients. At 30 days, more patients in the transcatheter group than in the surgical group had a

reduction in symptoms to NYHA class II or lower (P<0.001). Among patients who could perform a 6-

minute walk test, patients in the transcatheter group walked farther than those in the surgical group (P

= 0.002).2 Therefore, a similar difference as observed during the first month in inoperable patients was

assumed. The NYHA functional class was no longer different at 6 months. At 1 year, there were no

significant between-group differences in cardiac symptoms and the 6-minute walk distance.2 Therefore,

in the base case, no further differences in QoL were included in the model for high-risk operable

patients. This assumption was altered in a sensitivity analysis.

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Costs

To calculate incremental costs the initial cost differences between TAVI and AVR during hospitalization

(high-risk operable patients) and between TAVI and standard therapy (inoperable patients) are taken

into account. Secondly, events with a possible incremental impact were selected from the published

PARTNER trial. Included events are: repeat hospitalizations, minor/major stroke and TIA, and cardiac

reintervention. Vascular complications and major bleedings are not separately included to avoid double

counting since these mainly occur during the initial or repeat hospitalization. The percentage of events

observed in the PARTNER trial is provided in the Supplementary Appendix (Table 4). Only results for the

pivotal trial were published, and thus implemented in our model. In the Markov model with monthly

cycles, events between 30 days and one year are transformed to monthly percentages, which are also

used in the lifetime extrapolation in the model for inoperable patients. In this cohort of inoperable

patients, cardiac reinterventions were considered being balloon aortic valvuloplasty, which was

performed in 84% of patients, repeat TAVI in the TAVI group (1.7%) and AVR which occurred in almost

10% of the standard therapy group (see Table 4 in the Supplementary Appendix).

Aggregated cost data of 183 consecutive patients treated in Belgium between June 2006 and June 2010

with the Edwards SAPIEN® valve (99 trans-femoral and 84 trans-apical) were obtained. The

interventional procedure and the device cost not (yet) being reimbursed, a cost of €18,000 and €1,500,

for the device and the procedure respectively was assigned. This eventually resulted in a cost of about

€41,000 and €50,000 for trans-femoral and trans-apical TAVI (Table 2). In the inoperable cohort, not all

patients assigned to TAVI actually underwent TAVI and some patients in the standard therapy group

received AVR and/or balloon valvuloplasty. The cost of the initial procedure was adjusted for this.

To calculate the cost of a surgical AVR, we obtained data from 9,213 hospital stays between 2004 and

2007. This sample contains both older and younger patients with a different severity of illness (SOI,

grade 1-4). Since the PARTNER study mainly includes older patients with multiple co-morbidities, older

patients (>70) with a higher SOI index (3 or 4) were selected, resulting in an average AVR cost of €23,749.

For the cost of balloon aortic valvuloplasty, the fee of €488.75 is taken into account. Costs for repeat

hospitalizations, minor or major stroke and TIA are based on the APR-DRG costs for these categories as

published (publicly available at www.tct.fgov.be). It is assumed that the cost of a specific event is the

same across all treatment groups. Finally, a theoretical follow-up cost of about €43 per month and a

drug cost of €21 per month (Table 2), attributable to the number of surviving patients, is included in the

model. We assume these monthly costs to be the same for all survivors in the model.

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Table 2: Overview of cost data.

Variable Mean Uncertainty Source

TAVI (high-risk operable patients)

TF €40,917 Normal (mean: 40917; SD mean 1204) Gov. Health Ins. Database*

TA €49,799 Normal (mean: 49799; SD mean 1994) Gov. Health Ins. Database*

All €43,571a

TAVI (inoperable patients) €40,057b

Standard therapy €3,170c

AVR €23,749d Normal (mean: 23749; SD mean 191) Gov. Health Ins. Database**

Balloon aortic valvuloplasty €489e Fixed fee Belgian Nomenclature code

Repeat hospitalization €5,983 Gamma (mean: 5983; P5: 1339; P95: 15596) TCT, APR-DRG 194 (Heart failure)

Stroke TCT, APR-DRG 045 (CVA with stroke)

minor €4,679f Gamma (mean: 3292; P5: 932; P95: 6842) minor

Gamma (mean: 6066; P5: 1574; P95: 17285) moderate

major €12,493f Gamma (mean: 9593; P5: 1630; P95: 27526) major

Gamma (mean: 15392; P5: 2631; P95: 40079) extreme

TIA €3,946 Gamma (mean: 3946; P5: 974; P95: 9942) TCT, APR-DRG 047 (TIA)

follow-up fees €43.2/monthg Uniform (+/- 50%) Expert opinion

follow-up drugs €20.5/monthh Uniform (+/- 50%) Gov. Health Ins. Database*

APR-DRG: All Patient Refined Diagnosis Related Groups; AVR: aortic valve replacement; Gov. Health Ins. Database: Governmental Health Insurance Database; IMA:

Intermutualistic Agency; TAVI: transcatheter aortic valve implantation; TCT: Belgian Technical Cell; TIA: transient ischemic attack.

*: IMA data; **: TCT data. Year of pricing: 2006-2010 for TAVI and standard therapy. 2008 for all TCT-based APR-DRG prices. 2004-2007 for AVR. Due to the

incremental character of the analysis, price adjustments would have no substantial influence on results. Furthermore, the analysis in high-risk operable patients

showed that the result is determined by the (lack of) incremental effect of TAVI versus AVR.

a: The weighted average of TF and TA TAVI cost. The weight is determined by the number of TF and TA patients in the PARTNER trial, being 244 and 104, respectively.

b: In the PARTNER trial, of the 179 patients assigned to TAVI, 6 (3.4%) did not receive a transcatheter heart valve: 2 patients died before the scheduled implantation,

transfemoral access was unsuccessful in 2 patients, and the intraprocedural annulus measurement was too large in 2 patients.1 Similarly, in our model, the complete

TAVI procedure cost was assigned to 96.6% (173/179) of patients, 1.1% were assigned no costs because they died before the procedure and 2.2% was assigned the

procedure cost without the TAVI device cost of €18,000. This results in an average cost of €40,057.

c: In the PARTNER trial, 12 of the patients who were assigned to standard therapy (6.7%) underwent aortic-valve replacement, 5 (2.8%) underwent placement of a

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conduit from the left ventricular apex to the descending aorta plus aortic valve replacement, and 4 (2.2%) underwent TAVI at a nonparticipating site outside the United

States.1 Therefore, the cost of AVR is assigned to 9.5% (6.7% + 2.8%) of the patients, and the TAVI cost to 2.2%. This results in an additional cost of €3170 in the

standard therapy group.

d: The cost was calculated for patients (N=4811) older than 70 and a SOI index of 3 or 4. If this was restricted to patients (N=1506) older than 80 with a SOI index of 3

or 4, the cost remained the same (€23,772).

e: The fee is included explicitly in the control group. If this procedure would include a hospitalization, then these costs are already included in the model as ‘repeat

hospitalization’. In the TAVI group, to avoid double counting, this cost is not included separately since it is part of the TAVI procedure, and thus the cost is already

included in the analysis.

f: For stroke, the TCT makes a distinction between four categories (minor, moderate, major and extreme). The former two categories were reclassified as minor stroke,

the latter two as major stroke.

g: The follow-up costs included the following: 4 consultations cardiologist (€34.5/unit), 4 Electrocardiogram (€17.18/unit); 1 echo, full transthoracal ultrasound bilan of

the heart (€67.16/unit); 3 echo, repetition within the calendar year of full transthoracal ultrasound bilan of the heart (€67.16/unit) or limited transthoracal ultrasound

bilan of the heart (€38.75); 1 full transesophageal ultrasound bilan of the heart (€113.01/unit) or limited transesophageal ultrasound bilan of the heart (€58.12/unit).

h: The selected drugs were the following: acenocoumarol, aspirin, clopidogrel, dalteparin, danaparoid, enoxaparin, fenprocoumon, heparin, nadroparine, ticlopidine,

tirofiban, and warfarin. The real world expenditures in the Belgian Edwards TF TAVI group was €246 per year, or €20.5 per month.

For more details, we refer to the full HTA report.5

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Sensitivity and scenario analyses

The impact of uncertainty around all the model’s input parameters on the results was modeled

probabilistically. The applied distribution depends on the type of variable:6 transition probabilities

(mortality or chance for another event) and utilities are modeled as beta distributions. This distribution

is limited to the 0-1 scale and reflects the possible outcomes for these variables. The alpha parameter of

this distribution equals the number of events in the PARTNER RCT. The beta parameter is adjusted to

equal the published percentage of events. Strict correlation is imposed between the modeled

probabilities at 30 days and 1 year to avoid irrational modeled outcomes. Relying on the central limit

theorem, TAVI and AVR costs are modeled as normal distribution around the mean. Due to the large

uncertainty around follow-up costs, a uniform distribution (+/- 50%) is applied. Finally, publicly available

TCT cost data are published with P5 and P95 values. For these cost variables, gamma distributions

reflecting the same mean, P5 and P95 values are modeled.

1,000 Latin Hypercube simulations are performed. Outcomes with their surrounding uncertainty are

presented for incremental costs (IC), incremental effects (IE), and the incremental cost-effectiveness

ratio (ICER). Results are shown on the cost-effectiveness plane and cost-effectiveness acceptability

curves (CEA-curves). In our probabilistic sensitivity analysis, rank correlation coefficients are calculated

between the output values (the ICERs) and the sampled input values to indicate the relative importance

of variables and their uncertainty on the uncertainty surrounding the outcomes.

One-way sensitivity analysis is performed on several input variables. In this case, we start from the

published pivotal trial data because no full details of the Continued Access trial were provided by the

study sponsor. Including the results on mortality from the Continued Access trial is modeled as one of

the scenarios and is considered as base case since there is no good reason to exclude the results from

this trial with the same protocol as the pivotal trial. The following scenarios are modeled for high-risk

operable patients: TAVI device cost of €10,000, and a QoL improvement of 0.1 during the whole first

year. In the model for inoperable patients the scenarios are: restricted 3-year time horizon, no

discounting or discount rate of 5% for both costs and effects, no adjustment of TAVI and standard

therapy costs for actually performed treatment, in- or exclusion of events in the model (major/minor

stroke or TIA) and TAVI device cost of €10,000. One specific subgroup scenario analysis is added for

mortality risk reduction in medically vs anatomically inoperable patients. Although the reduction in

mortality is observed in both subgroups in the pivotal trial, it is larger in the latter subgroup (absolute

27.9%) than in the former subgroup (absolute 17%). Results of these analyses are presented on a

tornado graph.

Results Based on the results of the PARTNER trial in high-risk operable patients, the incremental survival benefit

of TAVI in comparison with AVR is minimal, on average 0.03 (95%CI -0.01 – 0.07) quality-adjusted life-

years (QALYs). In combination with substantial incremental costs (on average €20,397; 95%CI 18,278 -

22,617), this results in very high ICERs of about €750,000 per QALY gained. This contrast between

minimal gains and substantial expenses is shown on the cost-effectiveness plane in the Supplementary

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Appendix (Figure 5). Even the scenario analyses with a price reduction of the TAVI device cost to €10,000

or an assumed QoL improvement of 0.1 during the whole first year results in relatively high ICERs, i.e. on

average €455,000 and €205,000 per QALY gained, respectively.

For inoperable patients, the incremental cost of TAVI compared with standard therapy, is about €33,200

with an incremental effect on survival of 0.88 life-years gained (LYG) or 0.74 QALYs gained. As such, the

ICER becomes about €42,600 per LYG or on average €44,900 per QALY gained (see details on IC, IE and

ICERs in Table 5 in the Supplementary Appendix and Figure 2, top). The cost-effectiveness acceptability

curve (Figure 2, bottom) indicates that a willingness-to-pay for a quality-adjusted life-year of more than

€42,000 is needed to have about 50% chance the intervention is considered cost-effective in this cohort

of patients.

The probabilistic sensitivity analysis shows that the most important stochastic variables in the model are

the mortality and utility at 12 months in the TAVI group (correlation coefficients of 0.21 and -0.48,

respectively).5 The one-way sensitivity analyses indicate the importance of the extrapolation assumption.

With a 3-year time horizon, the ICER of the pivotal PARTNER trial almost doubled (from €37,400/QALY to

€71,600/QALY). Finally, the anatomically inoperable patients have a more favorable ICER than the

medically inoperable patients (Figure 6 in the Supplementary Appendix).

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Figure 2: Cost-effectiveness plane (top) and cost-effectiveness acceptability curve (bottom) for TAVI in inoperable patients.

The green curve on the cost-effectiveness plane is the 95% confidence ellipse.

€ 0

€ 5.000

€ 10.000

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Discussion This is the first non-industry-based study that calculates the cost-effectiveness of TAVI, based on the

results of a randomized controlled trial. The cost effectiveness of TAVI is highly dependent on the

patient population under consideration. In high-risk operable patients, TAVI and surgery are associated

with similar mortality rates at one year and produce similar improvements in cardiac symptoms.

However, the twice as high rate of stroke after TAVI as compared to surgery (8.3% vs. 4.3% at 1 year) is

problematic. From a medical point of view TAVI might be considered as an alternative to surgery for

high-risk patients who are willing to accept this higher risk of stroke.7 From an economic point of view,

the less invasive nature of the TAVI procedure does not weigh against the extra costs. With an average

ICER of about €750,000 per QALY (Figure 3), it is hard to defend a reimbursement for TAVI in high-risk

operable patients as an efficient use of limited resources. This can be altered if TAVI costs become

similar to those of AVR.

Figure 3: TAVI’s cost effectiveness.

ICER: incremental cost-effectiveness ratio; QALY: quality-adjusted life-year.

The x-axis indicates the operability of patients. There is an overlap between medically inoperable and high risk

operable patients. Anatomically inoperable patients are readily identifiable.

In inoperable patients, TAVI significantly reduces the rate of death from any cause as compared with a

non-surgical approach (absolute risk reduction of 12.3% in combined pivotal and Continued Access trial).

TAVI also significantly improves cardiac symptoms and reduces the need for repeat hospitalizations.

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Stroke rate at 1 year however was twice as high in TAVI patients compared to those treated non-

surgically (10.6% vs. 4.5%). From a medical point of view, the overall benefit of TAVI in those patients

seems to outweigh the risks, and therefore it may be appropriate to consider and discuss TAVI with

patients who cannot be operated.

It should be noted that the evidence from the PARTNER trial for inoperable patients only applies to the

transfemoral approach. Although the FDA proposed to do so, the PARTNER study sponsor did not

include a transapical arm in inoperable patients.4 In high-risk operable patients, a subgroup analysis

suggests that the transapical approach is not inferior to surgery, but doubles the stroke risk. Recently,

the results from the STACCATO trial, an independent RCT of transapical TAVI in operable elderly patients

have been presented.8 The primary endpoint (30-day all cause mortality, major stroke, and/or renal

failure) was reached in 5/34 TAVI and 1/36 surgically treated patients, and the study was prematurely

terminated after advice from the Data Safety Monitoring Board. Given the fact that operative risk

estimation is a highly subjective matter, it is as yet unclear to what extent the operative risk of patients

enrolled in STACCATO is different from that of PARTNER patients or from patients currently treated all

over Europe. These observations once more put into question the appropriateness for the European

regulators granting the transapical Sapien valve a CE label in 2007.9 It also shows the importance of

performing high quality randomised trials with clinically relevant endpoints prior to granting marketing

approval of innovative high-risk devices.9

For inoperable patients, combining the mortality data from both the pivotal and Continued Access trial

results in an ICER of about €45,000 per QALY. In most countries, as well as in Belgium, there is no explicit

ICER threshold. Only NICE (National Institute for Health and Clinical Excellence) has explicitly mentioned

this in their Guide to the Methods of Technology Appraisal.10

Applying NICE’s threshold values of

£20,000 (£1 = €1.14, August 25, 2011) and £30,000 per QALY, results in a 9.2% and 36.7% chance,

respectively, that TAVI is considered as being a cost-effective intervention. This rather is an optimistic

estimate due to several factors: the unbalanced patient characteristics in the PARTNER trial in favor of

the TAVI group (see next paragraph), the lifelong extrapolation assumption on survival (see FDA remark

in the Supplementary Appendix (Figure 7)), keeping QoL at a high level in the long-term in this ageing

population, and the possible long-term consequences and costs of stroke.

In the PARTNER trial, baseline characteristics of inoperable patients were unevenly distributed among

the two study groups, most if not all imbalances favoring survival in the TAVI treated patients. The

logistic EuroSCORE was higher in the control arm (30.4 vs. 26.4, p=0.04), and both chronic obstructive

pulmonary disease (52.5% vs. 41.3%) and atrial fibrillation (48.8% vs. 32.9%) were statistically

significantly (p<0.05) more prevalent. “Frailty” patients (28% vs. 18.1%, p=0.09) were also

overrepresented. In general, patients that are inoperable due to co-morbidities were overrepresented in

the control arm. The PARTNER study protocol stipulates that both medical and anatomic conditions may

lead to the surgeons’ conclusion of inoperability and that the surgeons' consult notes shall specify the

medical or anatomic factors.11

Patients with co-existing anatomic conditions (extensively calcified aorta,

deleterious effects of chest-wall irradiation, and chest-wall deformity) were better represented in the

TAVI group than in the control group (29.6% vs. 20.7%, p=0.05). These anatomically inoperable patients

probably have a better prognosis and quality of life after solving the aortic valve stenosis. Because of the

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imbalance in patient characteristics and the possibly better prognosis, this one subgroup analysis for this

specific patient characteristic was asked to the study sponsor.

The absolute mortality gain after TAVI was an absolute 17 percentages in the non-anatomical inoperable

group versus an absolute 27.9 percentages in the anatomical inoperable group. This results in an

improved ICER for the latter group (about €11,000 per QALY lower) and vice versa for the other group

(about €5,000 per QALY higher). Results of this subgroup analysis were only provided for the pivotal trial

and for the mortality endpoint. Further refinement of the cost-effectiveness calculation is only possible

if further details for the whole population (pivotal and Continued Access) and for all relevant outcomes

(mortality, events and QoL) are made available by the study sponsor. With currently best available data,

the performed analyses show that, if one is willing to pay the considerable amount for the QALYs gained,

reimbursement of TAVI could in the first place focus on this subgroup of anatomical inoperable patients.

The clinical differentiation of PARTNER high-risk operable from inoperable patients based on objective

parameters is not straightforward and essentially based on the clinical feeling of the physicians involved.

While high-risk operable patients should be excluded from TAVI treatment on medico-economic

grounds, physicians can however subjectively label them as inoperable patients. Belgian registry data

showed that a substantial part of the Belgian TAVI patients have better characteristics (lower NYHA class

and less coronary artery disease and previous CABG) than PARTNER high-risk operable and inoperable

patients.5 Also the German registry has shown that many patients received TAVI, although their valves

could also have been replaced by open surgery.5 Broadening of the population to lower-risk populations

might result in worse outcomes. To avoid waste of resources, artificially including patients should be

avoided at all times. Anatomically inoperable patients, who benefit most from the intervention, can

easily be distinguished from other patients.

Conclusion Based on currently available data, it is not recommended to reimburse TAVI for high-risk operable

patients. Although the intervention is less invasive, patients have no survival benefit after one year, the

risk of stroke is doubled and the costs are significantly higher. In inoperable patients, a distinction

should be made between medically and anatomically inoperable patients. In the former group, TAVI

treatment is palliative and the patient’s life expectancy and quality of life remain limited due to co-

morbidities that persist after solving the aortic stenosis. Anatomically inoperable patients are likely to

benefit most from TAVI since they not necessarily have debilitating co-morbid conditions. In those

patients, the incremental cost-effectiveness ratio is also the most favorable. If decision makers are

willing to reimburse the relatively high price for TAVI, then it is recommended to focus in the first place

on this clinically readily identifiable subgroup.

Finally, the study sponsor should be more willing to share all relevant data in due time, i.e. before

important policy decisions are taken. Both positive and negative study results providing details on all

relevant outcomes (mortality, adverse events and QoL) for the most important subgroups should be

revealed. This will enable more balanced evaluations and well-founded policy recommendations. Payers

should insist to have full information before taking reimbursement decisions.

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References

1. Leon MB, Smith CR, Mack M, et al. Transcatheter aortic-valve implantation for aortic stenosis in

patients who cannot undergo surgery. N Engl J Med 2010;363(17):1597-607.

2. Smith CR, Leon MB, Mack MJ, et al. Transcatheter versus surgical aortic-valve replacement in high-risk

patients. N Engl J Med 2011;364(23):2187-98.

3. Cleemput I, Van Wilder P, Vrijens F, et al. Guidelines for Pharmacoeconomic Evaluations in Belgium.

Health Technology Assessment (HTA). Brussels: Belgian Health Care Knowledge Centre (KCE),

2008.

4. FDA. Meeting Materials of the Circulatory System Devices Panel., July 20, 2011.

5. Neyt M, Van Brabandt H, Van de Sande S, et al. Health Technology Assessment. Transcatheter Aortic

Valve Implantation (TAVI): a Health Technology Assessment Update. Health Technology

Assessment (HTA). Brussels: Belgian Health Care Knowledge Centre (KCE), 2011.

6. Briggs A, Claxton K, Sculpher M. Decision modelling for health economic evaluation. Oxford: Oxford

University Press, 2006.

7. Schaff HV. Transcatheter aortic-valve implantation--at what price? N Engl J Med 2011;364(23):2256-8.

8. Nielsen H, Klaaborg K, Nissen H, et al. A Prospective, Randomized Trial of Transapical Transcatheter

Aortic Valve Implantation vs. Surgical Aortic Valve Replacement in Operable Elderly Patients

with Aortic Stenosis. The STACCATO Trial. Transcatheter Cardiovascular Therapeutics (TCT)

congress San Francisco, Nov 10, 2011.

9. Hulstaert F, Neyt M, Vinck I, et al. The pre-market clinical evaluation of innovative high-risk medical

devices. Brussels: Belgian Health Care Knowledge Centre (KCE), 2011.

10. National Institute for Health and Clinical Excellence. Guide to the Methods of Technology Appraisal.

London, 2007.

11. Edwards Lifesciences. The PARTNER trial: Placement of AoRTic TraNscathetER Valves Trial (version

3.2) (protocol for the PARTNER trial). February 2009.

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Supplements The PARTNER trial is an open-label, randomised study sponsored by Edward Lifesciences and was

conducted in 25 centres: 21 in the US, 3 in Canada and 1 in Germany. High-risk patients with

symptomatic severe aortic stenosis who were candidates for surgical aortic valve replacement were

eligible to participate in the study. After screening, they were stratified into two groups (Figure 4):1 2

1. Cohort A included high-risk patients with an estimated operative mortality risk of at

least 10% by the STS scorea, or at least 15% due to other severe problems not

included in the STS score.

2. Cohort B included patients considered as inoperable by at least two heart surgeons

either due to anatomical factors (thoracic wall malformation, repeated previous

thoracic surgeries, significant aortic calcification – so-called porcelain aorta, sequelae

of radiotherapy) or due to concomitant severe medical conditions.

Figure 4: The PARTNER trial design

AVR: surgical aortic valve replacement; TA: transapical; TAVI: transcatheter aortic valve implantation; TF: transfemoral.

Cohort A of the TAVI group was composed of a transfemoral (TF) subgroup and a transapical (TA) subgroup. Only the

transfemoral approach was used in cohort B.

Thereafter, the patients underwent a second stratification by whether or not it was technically possible

in the patient in question to gain access to the heart with the necessary catheters through a femoral

artery.

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1. Cohort A patients were randomised to transfemoral or transapical TAVI depending on

whether or not transfemoral access was possible versus the classical surgical

treatment (aortic valve replacement - AVR). In the analysis of the primary endpoint of

the trial (all-cause mortality), both TAVI variants together were compared with

surgery.

2. Cohort B patients with the possibility of a transfemoral access were randomised to

transfemoral TAVI versus a standard therapy which, in addition to medication,

generally involved balloon aortic valvuloplasty, a technique where the narrowed

aortic valve is dilated with a balloon. The study sponsor opted not to include cohort B

patients without a transfemoral access in the study, though this was originally asked

by the FDA.

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According to the study protocol,11

quality of life was also measured with the EQ-5D questionnaire that

allows mapping of health status to population-level utility weights. This is an important metric for cost-

effectiveness analysis. No further information is provided on the mapping of the health states to utility

weights. The EQ-5D results are not published. These data were requested directly from the study

sponsor and provided in Table 3.

Table 3: EQ-5D values for inoperable patients.

EQ-5D Utilities TAVI Standard therapy

Baseline 0.59 + 0.23 0.57 + 0.23

1 month 0.71 + 0.23 0.64 + 0.22

6 months 0.72 + 0.26 0.66 + 0.24

12 months 0.72 + 0.24 0.62 + 0.23

Source: information provided by the study sponsor.

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The percentage of observed events after 30 days and one year in high-risk operable and inoperable

patients of the PARTNER trial (Table 4) are used in the economic model.

Table 4: Overview of events.

Event High-risk operable

patients

Inoperable

patients

TAVI AVR TAVI Standard

Repeat hospitalization

30 days 4.4% 3.7% 5.6% 10.1%

1 year 18.2% 15.5% 22.3% 44.1%

Major stroke

30 days 3.8% 2.1% 5.0% 1.1%

1 year 5.1% 2.4% 7.8% 3.9%

Minor stroke

30 days 0.9% 0.3% 1.7% 0.6%

1 year 0.9% 0.7% 2.2% 0.6%

TIA

30 days 0.9% 0.3% 0% 0%

1 year 2.3% 1.5% 0.6% 0%

Repeat TAVI

30 days 1.7%

1 year 1.7%

Aortic-valve replacement

30 days 0% 1.7%

1 year 1.1% 9.5%

Valvuloplasty

30 days 63.7%

1 year 83.8%

Source: High-risk operable patients: Smith et al.,2 Inoperable patients: Leon et al.

1

Remark: results were not published for the Continued Access trial and could not be included in the model.

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23

Based on the results in high-risk operable patients of the PARTNER trial, the incremental effects of TAVI

in comparison with AVR are on average 0.03 (95%CI -0.01 – 0.07) quality-adjusted life-years (QALYs). In

combination with substantial incremental costs (on average €20,397; 95%CI 18,278 - 22,617), this

results in relatively very high ICERs of about €750,000 per QALY. This contrast between minimal gains

and substantial expenses is also shown on the cost-effectiveness plane (Figure 5). The cost-effectiveness

acceptability curve (Figure 5) indicates that a willingness-to-pay for a QALY gained of more than

€750,000 is needed to have about 50% chance the intervention is considered cost-effective.

Figure 5: Cost-effectiveness plane (top) and cost-effectiveness acceptability curve (bottom) for TAVI in high-risk operable

patients.

The green curve on the cost-effectiveness plane is the 95% confidence ellipse.

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AVR

TAVI

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Only including results of the pivotal trial, without taking into account the conflicting mortality results of

the smaller Continued Access trial results in a more favorable ICER of €37,400 per QALY gained (Table 5).

Since detailed information was only available for the pivotal trial, sensitivity analyses are based on this

analysis. Together with the other scenarios, the base case scenario (mortality pivotal trial + Continued

Access) is presented on the tornado graph (Figure 6).

Table 5: Incremental costs, incremental effects and incremental cost-effectiveness ratio for inoperable patients (based on

combined and pivotal trial results).

Inoperable

patients

Combined Pivotal

IC €33,243 €34,590

€27,452 €37,773 €29,881 €38,631

IE (LYG) 0.88 1.16

0.39 1.41 0.65 1.75

IE (QALY) 0.74 0.92

-0.44 1.69 -0.29 1.90

ICER (€/LYG) €42,647 €31,856

€23,655 €86,311 €20,259 €51,554

ICER (€/QALY)a €44,932 €37,432

IC: incremental cost; ICER: incremental cost-effectiveness ratio; IE: incremental effect; LYG: life-year gained; QALY:

quality-adjusted life-year.

a: The probabilistic average and 95%CI are mentioned where appropriate. This approach is not reliable in case the

simulated ICERs are spread over several quadrants of the cost-effectiveness plane. As an alternative (in italics), in

these cases, the presented ICERs are calculated by dividing the mean incremental cost by the mean incremental

benefit.

Figure 6: Tornado graph one-way sensitivity analyses for inoperable patients (based on data from the pivotal PARTNER trial).

€29100

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€42000

€40400

€41800

€42300

€44900

€71600

€0 €20.000 €40.000 €60.000 €80.000 €100.000

TAVI device cost

Discount rate

Inclusion of other events

Unadjusted TAVI cost

(non-)technical inoperable patients

mortality pivotal trial + continued access

3-year time horizon

ICER (€/QALY)

Sce

na

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an

aly

ses

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As noted by FDA, there are limited data beyond 2 years from the PARTNER trial and the long-term

mortality benefit of the SAPIEN remains unclear. The shape of the survival curve indicates that the

survival benefit might reduce after two years (Figure 7). Long-term follow-up is needed to further

evaluate this.

Figure 7: Published survival curves for inoperable patients (top: Leon et al.1; bottom: FDA analysis

4)

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Figure 1: the TAVI

AVR: aortic valve replacement; ST: standard therapy; TAVI: transcatheter aortic valve implantation.

The green square is a choice node, the red dots are chance nodes and the blue triangles are end nodes.

Etc.: this indicates that if the patient survives, he goes to the next cycle in the Markov model. In each cycle, the patient is again at risk of dying, being hospitalized,

having other events or no event.

High surgical risk

(Cohort A/B)

mortality

hospitalisation

no event

other events

etc.

etc.

etc.

TAVI

mortality

hospitalisation

no event

other events

etc.

etc.

etc.

AVR/ST

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Figure 1: Cost-effectiveness plane (top) and cost-effectiveness acceptability curve (bottom) for TAVI in inoperable patients.

The green curve on the cost-effectiveness plane is the 95% confidence ellipse.

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TAVI cohort B

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Standard

TAVI

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Figure 2: TAVI’s cost effectiveness.

ICER: incremental cost-effectiveness ratio; QALY: quality-adjusted life-year.

The x-axis indicates the operability of patients. There is an overlap between medically inoperable and high risk

operable patients. Anatomically inoperable patients are readily identifiable.

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Figure 4: The PARTNER trial design

AVR: surgical aortic valve replacement; TA: transapical; TAVI: transcatheter aortic valve implantation; TF:

transfemoral.

Cohort A of the TAVI group was composed of a transfemoral (TF) subgroup and a transapical (TA) subgroup. Only the

transfemoral approach was used in cohort B.

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Figure 5: Cost-effectiveness plane (top) and cost-effectiveness acceptability curve (bottom) for TAVI in high-risk operable patients.

The green curve on the cost-effectiveness plane is the 95% confidence ellipse.

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TAVI cohort A

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AVR

TAVI

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Figure7: Published survival curves for inoperable patients (top: Leon et al.1; bottom: FDA analysis

4)

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Figure 6: Tornado graph one-way sensitivity analyses for inoperable patients (based on data from the pivotal PARTNER trial).

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(non-)technical inoperable patients

mortality pivotal trial + continued access

3-year time horizon

ICER (€/QALY)

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A cost-utility analysis of transcatheter aortic valve implantation (TAVI) in Belgium: focusing on a well-defined

and identifiable population.

Journal: BMJ Open

Manuscript ID: bmjopen-2012-001032.R1

Article Type: Research

Date Submitted by the Author: 20-Mar-2012

Complete List of Authors: Neyt, Mattias; Belgian Health Care Knowledge Centre (KCE), Van Brabandt, Hans; Belgian Health Care Knowledge Centre (KCE), ; Belgian Centre for Evidence-Based Medicine (CEBAM),

Devriese, Stephan; Belgian Health Care Knowledge Centre (KCE), Van De Sande, Stefaan; Belgian Health Care Knowledge Centre (KCE),

<b>Primary Subject Heading</b>:

Health economics

Secondary Subject Heading: Surgery

Keywords: CARDIOLOGY, Valvular heart disease < CARDIOLOGY, HEALTH ECONOMICS, Cardiac surgery < SURGERY

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BMJ Open on July 23, 2020 by guest. P

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MJ O

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ay 2012. Dow

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1

EVEREST Statement: Checklist for health economics paper

Study section Additional

remarks

Study design

(1) The research question is stated Background (2) The economic importance of the research question is stated

Background

(3) The viewpoint(s) of the analysis are clearly stated and justified

Methods

(4) The rationale for choosing the alternative programmes or interventions compared is stated

Background

(5) The alternatives being compared are clearly described

Methods; intervention and comparator

(6) The form of economic evaluation used is stated Methods (7) The choice of form of economic evaluation is justified in relation to the questions addressed

Methods

Data collection

(8) The source(s) of effectiveness estimates used are stated

Methods; mortality

(9) Details of the design and results of effectiveness study are given (if based on single study)

N/A Data derived from PARTNER trial

(10) Details of the method of synthesis or meta-analysis of estimates are given (if based on an overview of a number of effectiveness studies)

N/A The PARTNER trial is the only published RCT

(11) The primary outcome measure(s) for the economic evaluation are clearly stated

Methods

(12) Methods to value health states and other benefits are stated

Methods; utilities

(13) Details of the subjects from whom valuations were obtained are given

Methods; population, and supplements

(14) Productivity changes (if included) are reported separately

N/A

(15) The relevance of productivity changes to the study question is discussed

N/A

In the methods section we mention the following ‘Since baseline employment rates are expected to be low in the target population, indirect productivity costs are ignored.’

(16) Quantities of resources are reported separately from their unit costs

Methods; Costs + supplement (table 4 overview

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2

of events) (17) Methods for the estimation of quantities and unit costs are described

Methods; Costs

(18) Currency and price data are recorded Methods; Costs Table 2: Overview of cost data.

(19) Details of currency of price adjustments for inflation or currency conversion are given

NA

(20) Details of any model used are given Methods; Markov model

(21) The choice of model used and the key parameters on which it is based are justified

Methods; Markov model (mortality, utilities, costs)

Analysis and interpretation of results

(22) Time horizon of costs and benefits is stated Methods; time horizon

(23) The discount rate(s) is stated Methods; time horizon

(24) The choice of rate(s) is justified Methods; time horizon

(25) An explanation is given if costs or benefits are not discounted

N/A

(26) Details of statistical tests and confidence intervals are given for stochastic data

Methods; sensitivity and scenario analyses

(27) The approach to sensitivity analysis is given Methods; sensitivity and scenario analyses

(28) The choice of variables for sensitivity analysis is justified

Methods; sensitivity and scenario analyses

(29) The ranges over which the variables are varied are stated

Methods; mortality, utilities, costs, sensitivity and scenario analyses

(30) Relevant alternatives are compared Methods; intervention and comparator

(31) Incremental analysis is reported Results (32) Major outcomes are presented in a disaggregated as well as aggregated form

Results and supplement

(33) The answer to the study question is given Discussion; Conclusion

(34) Conclusions follow from the data reported Conclusion (35) Conclusions are accompanied by the Discussion;

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appropriate caveats Conclusion

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1

A cost-utility analysis of transcatheter aortic valve implantation (TAVI)

in Belgium: focusing on a well-defined and identifiable population.

Mattias Neyt, Hans Van Brabandt, Stephan Devriese, Stefaan Van de Sande

Short title: Cost-utility analysis of transcatheter aortic valve implantation (TAVI)

Mattias Neyt, MSc, PhD, health economist, Belgian Health Care Knowledge Centre (KCE), 1000 Brussels,

Belgium

Hans Van Brabandt, MD, cardiologist, Belgian Health Care Knowledge Centre (KCE), 1000 Brussels,

Belgium

Stephan Devriese, MSc, PhD, data analyst, Belgian Health Care Knowledge Centre (KCE), 1000 Brussels,

Belgium

Stefaan Van de Sande, MD, medical supervisor, Belgian Health Care Knowledge Centre (KCE), 1000

Brussels, Belgium

Corresponding author:

Mattias Neyt, MSc, PhD

Belgian Health Care Knowledge Centre (KCE)

Kruidtuinlaan 55

1000 Brussels

Belgium

[email protected]

Tel: +32(0)2/287.33.39

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"the Corresponding Author has the right to grant on behalf of all authors and does grant on behalf of all

authors, an exclusive licence (or non exclusive for government employees) on a worldwide basis to the

BMJ Publishing Group Ltd to permit this article (if accepted) to be published in BMJ editions and any

other BMJPGL products and sublicences such use and exploit all subsidiary rights, as set out in our

licence."

Funding: There was no support from any organisation for the submitted work; no financial relationships

with any organisations that might have an interest in the submitted work in the previous three years,

and no other relationships or activities that could appear to have influenced the submitted work.

Competing interests: None.

Contributors: MN carried out the economic analysis and drafted the paper. HVB provided medical advice

and performed a medical literature review in search for relevant data. SD and SVDS analysed the Belgian

data. All authors participated in revising the draft paper and approved the version to be published. MN

is guarantor for the paper.

Data sharing statement: Individual patient data are not available. Aggregated data are published in

“Neyt M, Van Brabandt H, Van de Sande S, Devriese S. Health Technology Assessment. Transcatheter

Aortic Valve Implantation (TAVI): a Health Technology Assessment Update. Health Technology

Assessment (HTA). Brussels: Belgian Health Care Knowledge Centre (KCE), 2011.” which is publicly

available at http://www.kce.fgov.be/publication/report/transcatheter-aortic-valve-implantation-tavi-a-

health-technology-assessment-updat.

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Article focus

- To assess the cost-effectiveness of transcatheter aortic valve implantation (TAVI) for Belgian

patients.

Key messages

- In high-risk operable patients, surgical aortic valve replacement (AVR) and TAVI are associated

with similar mortality rates at one year. However, there is a twice as high rate of stroke after

TAVI. From an economic point of view, the less invasive nature of the TAVI procedure does not

weigh against the extra costs of about €20,000 per patient.

- In inoperable patients, TAVI significantly reduces the rate of death from any cause as compared

with a non-surgical approach. The incremental cost-effectiveness ratio is about €45,000 per

quality-adjusted life year (QALY) gained. Nevertheless a distinction should be made between

inoperability for anatomic versus medical reasons. TAVI offers more value for money in the

former patient group with ICERs decreasing more than €10,000 per QALY.

- If policy makers are willing/able to pay the relative high price for TAVI, it is advised to focus in

the first place on the anatomic inoperable patients.

Strengths and limitations

- Hospital billing data of 183 Belgian patients treated with the Edwards SAPIEN valve were at our

disposal for cost calculations.

- Next to the published pivotal PARTNER (Placement of AoRTic TraNscathetER Valve) trial, a non-

published randomized controlled trial (RCT) with TAVI was identified. This Continued Access trial

was performed according to the same study protocol of the pivotal PARTNER trial. The mortality

outcomes of this Continued Access RCT, disfavoring TAVI, were included in our analysis.

- An unbalance in patient characteristics was observed in the inoperable patients of the PARTNER

trial, favoring the TAVI group. A subgroup analysis showed a greater improvement for anatomic

inoperable patients versus those inoperable for medical reasons.

- The most important limitation of our analysis is the non-availability of all relevant study

outcomes, especially for the negative non-published Continued Access RCT. The study sponsor

should be willing to reveal this information in due time. Payers should require access to these

non-published data before deciding on reimbursement.

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Abstract

Background

Patients with severe aortic stenosis and coexisting non-cardiac conditions may be at high-risk for surgical

replacement of the aortic valve or even be no candidates for surgery. In these patients transcatheter

aortic valve implantation (TAVI) is suggested as an alternative. Results of the PARTNER (Placement of

AoRTic TraNscathetER Valve) trial comparing the clinical effectiveness of TAVI with surgical valve

replacement and standard therapy were published. We assessed the cost-effectiveness of TAVI in

Belgium.

Methods

A Markov model of incremental costs, effects (survival and quality of life) and incremental cost-

effectiveness of TAVI was developed. The impact on survival, number of events and quality of life was

based on the PARTNER trial. Costs per event were context-specific.

Results

In high-risk operable patients, even if the minor differences in 30-day and 1-year mortality are taken into

account, the incremental cost-effectiveness ratio (ICER) remains on average above €750,000 per quality-

adjusted life year (QALY) gained [incremental cost (IC): €20,400; incremental effect (IE): 0.03 QALYs]. In

inoperable patients, an ICER of €44,900 per QALY (IC: €33,200; IE: 0.74 QALYs) is calculated, including a

life-long extrapolation of the mortality benefit. This result was sensitive to the assumed time horizon.

The subgroup of anatomically inoperable patients had better outcomes than medically inoperable

patients, with ICERs decreasing more than €10,000/QALY.

Conclusions

It is inappropriate to consider reimbursement of TAVI for high-risk operable patients. Reimbursing TAVI

in inoperable patients in essence is a political decision. From an economic perspective, it would be

prudent to first target patients that are inoperable because of anatomical prohibitive conditions.

In our search for evidence, we identified non-published negative results from a randomized controlled

TAVI trial. The study sponsor should be more willing to share this information to allow balanced

evaluations and policy recommendations. Payers should require these data before taking

reimbursement decisions.

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Background Degenerative aortic stenosis is a common valvular heart disease, mostly affecting elderly people. Since

many of those patients suffer from co-morbidities, they might not be amenable to surgical valve

replacement. In this context, transcatheter aortic valve implantation, a less invasive approach to correct

the valvular stenosis, has been developed. Until recently, the assessment of the clinical effectiveness of

transcatheter aortic-valve implantation (TAVI) had to rely on reports from uncontrolled case series,

making it prone to bias. The randomized controlled PARTNER (Placement of AoRTic TraNscathetER Valve)

trial (NCT00530894) provided more robust data,1 2

allowing to more reliably estimate the clinical benefit

of TAVI as compared to other treatment modalities. After the publication of the pivotal trial results,

additional data from the PARTNER trial became available. Among them are non-published negative

mortality data from the Continued Access study, related to patients treated according to the

randomized protocol for inoperable patients. We used the available trial data to be incorporated in a

health economic model in order to calculate TAVI’s cost effectiveness. This is of major importance to

support rational reimbursement decisions, taking into account the financial constraints.

Methods A Markov simulation model is developed in Excel in order to assess the efficiency of TAVI. Having a

possible impact on both mortality and quality of life, both cost-effectiveness (with outcomes expressed

in life-years gained) and cost-utility analyses (with life-years gained adjusted for quality of life) are

performed. The @Risk add-in tool is used for probabilistic modeling and probabilistic sensitivity analyses.

The analysis includes direct health care costs from the perspective of the health care payer.3 Payments

out of the public health care budget as well as patients’ co-payments are included. Since baseline

employment rates are expected to be low in the target population, indirect productivity costs are

ignored.

Population

The model simulates a hypothetical cohort of 1,000 TAVI-eligible patients. The type of participants

considered reflects the PARTNER patients. The PARTNER study incorporated two parallel prospective,

multicenter, randomized, active-treatment-controlled clinical trials.1 Patients were divided into two

cohorts: those who were considered to be candidates for surgery but at high surgical risk (cohort A) and

those who were no suitable candidates for surgery (cohort B) (see Figure 4 in the Supplementary

Appendix). In the first cohort, TAVI could be performed trans-femoral or trans-apical. The average age

was 84 and 83 years in high-risk operable and inoperable patients, respectively. The proportion of males

was 57% and 46%, respectively.1 2

This is reflected in the model and taken into account when

extrapolating the short-term results into lifetime outcomes. More information on the PARTNER study

design is available in the Supplementary Appendix.

Intervention and comparator

The Edwards SAPIEN heart-valve system (Edwards Lifesciences) is used in the PARTNER study. The

comparator is different for the two cohorts. In the high-risk operable patients this is surgical aortic valve

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replacement (AVR). In the inoperable patients the comparator treatment was a so-called ‘standard

therapy’ incorporating a balloon valvuloplasty in most patients.

Time horizon

There was no significant difference in survival after one year in the high-risk operable patients.

Therefore, in our model, the time horizon is restricted to this period. In inoperable patients, there is a

survival advantage after one year and survival data are extrapolated to a lifetime time horizon. Future

costs and benefits are discounted at a yearly rate of 3% and 1.5%, respectively.3

Markov model

A Markov model with monthly cycles is set up (Figure 1). The square node points at the choice between

TAVI and the alternative intervention (AVR in high-risk operable patients (cohort A) or standard therapy

in inoperable patients (cohort B)). In every cycle, the patient can die (end node), be hospitalized, have

an adverse event or no event.

Insert Figure 1 around here

Mortality

The PARTNER study is the first RCT to assess the safety and efficacy of the Sapien® valve. It was

conducted under the auspices of the FDA and required to apply for market approval for the valve on the

US market. In addition to published study results, information was searched in FDA’s Advisory Panel

documents, conference documents and press releases, and from the study sponsor.

Table 1 shows the 30-day and one-year mortality rates in the PARTNER trial. Intention-to-treat results

are implemented in the model. In high-risk operable patients, the non-inferiority study showed non-

significant differences.2 In inoperable patients, an absolute 20% mortality risk reduction is found after

one year.1 In contrast, the non-published Continued Access study, following the same protocol,

presented an absolute 12.7% higher mortality in the TAVI group.4 The weighted average results in an

absolute mortality reduction by TAVI of 12.3%, which is used in the reference case. A validity check was

applied to check whether the modeled one-year mortality rates were consistent with the published

rates.

The monthly mortality rate between the second month and one year is deducted from the one-month

and 1-year mortality and is assumed to be constant over this period. This monthly mortality rate

increases yearly according to the age- and sex specific mortality rates of the total Belgian population to

extrapolate trial results to the lifetime time horizon for inoperable patients.

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Table 1: Early and late mortality in the PARTNER trial

High-risk operable patients Inoperable patients

PIVOTAL TRIAL CONT. ACCESS COMBINED*

TAVI AVR p-value TAVI Stand. p-value TAVI Stand. TAVI Stand.

N 348 351 179 179 41 49 220 228

30-d. mort. 3.4% 6.5% 0.07 5.0%** 2.8% 0.41 9.8% 2.1% 5.9% 2.7%

1-yr. mort. 24.0% 26.8% 0.44 30.7% 50.7% <0.001 34.3% 21.6% 31.4% 43.7%

AVR: aortic valve replacement; Cont.: Continued; Stand.: standard therapy; TAVI: transcatheter aortic valve

implantation.

Sources: high-risk operable patients: Smith et al.2; inoperable patients: pivotal trial: Leon et al.

1; Continued Access:

FDA.4

* The weights are based on the number of participants in the pivotal and Continued Access trials.

** Uncertainty surrounding mortality is modeled with beta distributions with the same mean. The alpha parameter of

these distributions equals the number of events in the PARTNER RCT. For example: 5% mortality on a total of 179

patients is reflected with a beta distribution with the alpha parameter being 9 (i.e. 5% of 179 = 9 patients) and the

beta parameter being 170 (i.e. 179 – 9).

Utilities

The PARTNER study protocol mentions QoL was measured with the EQ-5D questionnaire in both the

high-risk operable and inoperable patients. This generic utility measure was applied both at baseline and

after 1, 6 and 12 months. Results were not published but provided by the study sponsor for inoperable

patients and included in the model (details are provided in Table 3 in the Supplementary Appendix). An

adjustment for baseline QoL differences was included. We assumed a linear QoL evolution between

baseline, 1, 6 and 12 months and a constant QoL afterwards.

Unfortunately, although requested from the study sponsor, no EQ-5D results were provided for high-risk

operable patients. At 30 days, more patients in the transcatheter group than in the surgical group had a

reduction in symptoms to NYHA class II or lower (P<0.001). Among patients who could perform a 6-

minute walk test, patients in the transcatheter group walked farther than those in the surgical group (P

= 0.002).2 Therefore, a similar difference as observed during the first month in inoperable patients was

assumed. The NYHA functional class was no longer different at 6 months. At 1 year, there were no

significant between-group differences in cardiac symptoms and the 6-minute walk distance.2 Therefore,

in the base case, no further differences in QoL were included in the model for high-risk operable

patients. This assumption was altered in a sensitivity analysis.

Costs

To calculate incremental costs the initial cost differences between TAVI and AVR during hospitalization

(high-risk operable patients) and between TAVI and standard therapy (inoperable patients) are taken

into account. Secondly, events with a possible incremental impact were selected from the published

PARTNER trial. Included events are: repeat hospitalizations, minor/major stroke and TIA, and cardiac

reintervention. Vascular complications and major bleedings are not separately included to avoid double

counting since these mainly occur during the initial or repeat hospitalization. The percentage of events

observed in the PARTNER trial is provided in the Supplementary Appendix (Table 4). Only results for the

pivotal trial were published, and thus implemented in our model. In the Markov model with monthly

cycles, events between 30 days and one year are transformed to monthly percentages, which are also

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used in the lifetime extrapolation in the model for inoperable patients. In this cohort of inoperable

patients, cardiac reinterventions were considered being balloon aortic valvuloplasty, which was

performed in 84% of patients, repeat TAVI in the TAVI group (1.7%) and AVR which occurred in almost

10% of the standard therapy group (see Table 4 in the Supplementary Appendix).

Aggregated cost data of 183 consecutive patients treated in Belgium between June 2006 and June 2010

with the Edwards SAPIEN® valve (99 trans-femoral and 84 trans-apical) were obtained. The

interventional procedure and the device cost not (yet) being reimbursed, a cost of €18,000 and €1,500,

for the device and the procedure respectively was assigned. This eventually resulted in a cost of about

€41,000 and €50,000 for trans-femoral and trans-apical TAVI (Table 2). In the inoperable cohort, not all

patients assigned to TAVI actually underwent TAVI and some patients in the standard therapy group

received AVR and/or balloon valvuloplasty. The cost of the initial procedure was adjusted for this.

To calculate the cost of a surgical AVR, we obtained data from 9,213 hospital stays between 2004 and

2007. This sample contains both older and younger patients with a different severity of illness (SOI,

grade 1-4). Since the PARTNER study mainly includes older patients with multiple co-morbidities, older

patients (>70) with a higher SOI index (3 or 4) were selected, resulting in an average AVR cost of €23,749.

For the cost of balloon aortic valvuloplasty, the fee of €488.75 is taken into account. Costs for repeat

hospitalizations, minor or major stroke and TIA are based on the APR-DRG costs for these categories as

published (publicly available at www.tct.fgov.be). It is assumed that the cost of a specific event is the

same across all treatment groups. Finally, a theoretical follow-up cost of about €43 per month and a

drug cost of €21 per month (Table 2), attributable to the number of surviving patients, is included in the

model. We assume these monthly costs to be the same for all survivors in the model.

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Table 2: Overview of cost data.

Variable Mean Uncertainty Source

TAVI (high-risk operable patients)

TF €40,917 Normal (mean: 40917; SD mean 1204) Gov. Health Ins. Database*

TA €49,799 Normal (mean: 49799; SD mean 1994) Gov. Health Ins. Database*

All €43,571a

TAVI (inoperable patients) €40,057b

Standard therapy €3,170c

AVR €23,749d Normal (mean: 23749; SD mean 191) Gov. Health Ins. Database**

Balloon aortic valvuloplasty €489e Fixed fee Belgian Nomenclature code

Repeat hospitalization €5,983 Gamma (mean: 5983; P5: 1339; P95: 15596) TCT, APR-DRG 194 (Heart failure)

Stroke TCT, APR-DRG 045 (CVA with stroke)

minor €4,679f Gamma (mean: 3292; P5: 932; P95: 6842) minor

Gamma (mean: 6066; P5: 1574; P95: 17285) moderate

major €12,493f Gamma (mean: 9593; P5: 1630; P95: 27526) major

Gamma (mean: 15392; P5: 2631; P95: 40079) extreme

TIA €3,946 Gamma (mean: 3946; P5: 974; P95: 9942) TCT, APR-DRG 047 (TIA)

follow-up fees €43.2/monthg Uniform (+/- 50%) Expert opinion

follow-up drugs €20.5/monthh Uniform (+/- 50%) Gov. Health Ins. Database*

APR-DRG: All Patient Refined Diagnosis Related Groups; AVR: aortic valve replacement; Gov. Health Ins. Database: Governmental Health Insurance Database; IMA:

Intermutualistic Agency; TAVI: transcatheter aortic valve implantation; TCT: Belgian Technical Cell; TIA: transient ischemic attack.

*: IMA data; **: TCT data. Year of pricing: 2006-2010 for TAVI and standard therapy. 2008 for all TCT-based APR-DRG prices. 2004-2007 for AVR. Due to the

incremental character of the analysis, price adjustments would have no substantial influence on results. Furthermore, the analysis in high-risk operable patients

showed that the result is determined by the (lack of) incremental effect of TAVI versus AVR.

a: The weighted average of TF and TA TAVI cost. The weight is determined by the number of TF and TA patients in the PARTNER trial, being 244 and 104, respectively.

b: In the PARTNER trial, of the 179 patients assigned to TAVI, 6 (3.4%) did not receive a transcatheter heart valve: 2 patients died before the scheduled implantation,

transfemoral access was unsuccessful in 2 patients, and the intraprocedural annulus measurement was too large in 2 patients.1 Similarly, in our model, the complete

TAVI procedure cost was assigned to 96.6% (173/179) of patients, 1.1% were assigned no costs because they died before the procedure and 2.2% was assigned the

procedure cost without the TAVI device cost of €18,000. This results in an average cost of €40,057.

c: In the PARTNER trial, 12 of the patients who were assigned to standard therapy (6.7%) underwent aortic-valve replacement, 5 (2.8%) underwent placement of a

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conduit from the left ventricular apex to the descending aorta plus aortic valve replacement, and 4 (2.2%) underwent TAVI at a nonparticipating site outside the United

States.1 Therefore, the cost of AVR is assigned to 9.5% (6.7% + 2.8%) of the patients, and the TAVI cost to 2.2%. This results in an additional cost of €3170 in the

standard therapy group.

d: The cost was calculated for patients (N=4811) older than 70 and a SOI index of 3 or 4. If this was restricted to patients (N=1506) older than 80 with a SOI index of 3

or 4, the cost remained the same (€23,772).

e: The fee is included explicitly in the control group. If this procedure would include a hospitalization, then these costs are already included in the model as ‘repeat

hospitalization’. In the TAVI group, to avoid double counting, this cost is not included separately since it is part of the TAVI procedure, and thus the cost is already

included in the analysis.

f: For stroke, the TCT makes a distinction between four categories (minor, moderate, major and extreme). The former two categories were reclassified as minor stroke,

the latter two as major stroke.

g: The follow-up costs included the following: 4 consultations cardiologist (€34.5/unit), 4 Electrocardiogram (€17.18/unit); 1 echo, full transthoracal ultrasound bilan of

the heart (€67.16/unit); 3 echo, repetition within the calendar year of full transthoracal ultrasound bilan of the heart (€67.16/unit) or limited transthoracal ultrasound

bilan of the heart (€38.75); 1 full transesophageal ultrasound bilan of the heart (€113.01/unit) or limited transesophageal ultrasound bilan of the heart (€58.12/unit).

h: The selected drugs were the following: acenocoumarol, aspirin, clopidogrel, dalteparin, danaparoid, enoxaparin, fenprocoumon, heparin, nadroparine, ticlopidine,

tirofiban, and warfarin. The real world expenditures in the Belgian Edwards TF TAVI group was €246 per year, or €20.5 per month.

For more details, we refer to the full HTA report.5

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Sensitivity and scenario analyses

The impact of uncertainty around all the model’s input parameters on the results was modeled

probabilistically. The applied distribution depends on the type of variable:6 transition probabilities

(mortality or chance for another event) and utilities are modeled as beta distributions. This distribution

is limited to the 0-1 scale and reflects the possible outcomes for these variables. The alpha parameter of

this distribution equals the number of events in the PARTNER RCT. The beta parameter is adjusted to

equal the published percentage of events. Strict correlation is imposed between the modeled

probabilities at 30 days and 1 year to avoid irrational modeled outcomes. Relying on the central limit

theorem, TAVI and AVR costs are modeled as normal distribution around the mean. Due to the large

uncertainty around follow-up costs, a uniform distribution (+/- 50%) is applied. Finally, publicly available

TCT cost data are published with P5 and P95 values. For these cost variables, gamma distributions

reflecting the same mean, P5 and P95 values are modeled.

1,000 Latin Hypercube simulations are performed. Outcomes with their surrounding uncertainty are

presented for incremental costs (IC), incremental effects (IE), and the incremental cost-effectiveness

ratio (ICER). Results are shown on the cost-effectiveness plane and cost-effectiveness acceptability

curves (CEA-curves). In our probabilistic sensitivity analysis, rank correlation coefficients are calculated

between the output values (the ICERs) and the sampled input values to indicate the relative importance

of variables and their uncertainty on the uncertainty surrounding the outcomes.

One-way sensitivity analysis is performed on several input variables. In this case, we start from the

published pivotal trial data because no full details of the Continued Access trial were provided by the

study sponsor. Including the results on mortality from the Continued Access trial is modeled as one of

the scenarios and is considered as base case since there is no good reason to exclude the results from

this trial with the same protocol as the pivotal trial. The following scenarios are modeled for high-risk

operable patients: TAVI device cost of €10,000, and an optimistic QoL improvement of 0.1 during the

whole first year. In the model for inoperable patients the scenarios are: restricted 3-year time horizon,

no discounting or discount rate of 5% for both costs and effects, no adjustment of TAVI and standard

therapy costs for actually performed treatment, in- or exclusion of events in the model (major/minor

stroke or TIA) and TAVI device cost of €10,000. One specific subgroup scenario analysis is added for

mortality risk reduction in medically vs anatomically inoperable patients. Although the reduction in

mortality is observed in both subgroups in the pivotal trial, it is larger in the latter subgroup (absolute

27.9%) than in the former subgroup (absolute 17%). Results of these analyses are presented on a

tornado graph.

Results Based on the results of the PARTNER trial in high-risk operable patients, the incremental survival benefit

of TAVI in comparison with AVR is minimal, on average 0.03 (95%CI -0.01 – 0.07) quality-adjusted life-

years (QALYs). In combination with substantial incremental costs (on average €20,397; 95%CI 18,278 -

22,617), this results in very high ICERs of about €750,000 per QALY gained. This contrast between

minimal gains and substantial expenses is shown on the cost-effectiveness plane in the Supplementary

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Appendix (Figure 5). Even the scenario analyses with a price reduction of the TAVI device cost to €10,000

or an assumed QoL improvement of 0.1 during the whole first year results in relatively high ICERs, i.e. on

average €455,000 and €205,000 per QALY gained, respectively.

For inoperable patients, the incremental cost of TAVI compared with standard therapy, is about €33,200

with an incremental effect on survival of 0.88 life-years gained (LYG) or 0.74 QALYs gained. As such, the

ICER becomes about €42,600 per LYG or on average €44,900 per QALY gained (see details on IC, IE and

ICERs in Table 5 in the Supplementary Appendix and Figure 2, top). The cost-effectiveness acceptability

curve (Figure 2, bottom) indicates that a willingness-to-pay for a quality-adjusted life-year of more than

€42,000 is needed to have about 50% chance the intervention is considered cost-effective in this cohort

of patients.

Insert figure 2 around here

The probabilistic sensitivity analysis shows that the most important stochastic variables in the model are

the mortality and utility at 12 months in the TAVI group (correlation coefficients of 0.21 and -0.48,

respectively).5 The one-way sensitivity analyses indicate the importance of the extrapolation assumption.

With a 3-year time horizon, the ICER of the pivotal PARTNER trial almost doubled (from €37,400/QALY to

€71,600/QALY). Finally, the anatomically inoperable patients have a more favorable ICER than the

medically inoperable patients (Figure 6 in the Supplementary Appendix).

Discussion This is the first non-industry-based study that calculates the cost-effectiveness of TAVI, based on the

results of a randomized controlled trial. The cost effectiveness of TAVI is highly dependent on the

patient population under consideration. In high-risk operable patients, TAVI and surgery are associated

with similar mortality rates at one year and produce similar improvements in cardiac symptoms.

However, the twice as high rate of stroke after TAVI as compared to surgery (8.3% vs. 4.3% at 1 year) is

problematic. From a medical point of view TAVI might be considered as an alternative to surgery for

high-risk patients who are willing to accept this higher risk of stroke.7 From an economic point of view,

the less invasive nature of the TAVI procedure does not weigh against the extra costs. With an average

ICER of about €750,000 per QALY (Figure 3), it is hard to defend a reimbursement for TAVI in high-risk

operable patients as an efficient use of limited resources. This can be altered if TAVI costs become

similar to those of AVR. The long-term consequences of stroke on both QoL and costs should also not be

underestimated and would probably worsen the ICER of TAVI.

Insert Figure 3 around here

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In inoperable patients, TAVI significantly reduces the rate of death from any cause as compared with a

non-surgical approach (absolute risk reduction of 12.3% in combined pivotal and Continued Access trial).

TAVI also significantly improves cardiac symptoms and reduces the need for repeat hospitalizations.

Stroke rate at 1 year however was twice as high in TAVI patients compared to those treated non-

surgically (10.6% vs. 4.5%). From a medical point of view, the overall benefit of TAVI in those patients

seems to outweigh the risks, and therefore it may be appropriate to consider and discuss TAVI with

patients who cannot be operated.

For inoperable patients, combining the mortality data from both the pivotal and Continued Access trial

results in an ICER of about €45,000 per QALY (Figure 3). In most countries, as well as in Belgium, there is

no explicit ICER threshold. Only NICE (National Institute for Health and Clinical Excellence) has explicitly

mentioned this in their Guide to the Methods of Technology Appraisal.10

Applying NICE’s threshold

values of £20,000 (£1 = €1.14, August 25, 2011) and £30,000 per QALY, results in a 9.2% and 36.7%

chance, respectively, that TAVI is considered as being a cost-effective intervention. This rather is an

optimistic estimate due to several factors: the unbalanced patient characteristics in the PARTNER trial in

favor of the TAVI group (see next paragraph), the lifelong extrapolation assumption on survival (see FDA

remark in the Supplementary Appendix (Figure 7)), keeping QoL at a high level in the long-term in this

ageing population, and the possible long-term consequences and costs of stroke.

In the PARTNER trial, baseline characteristics of inoperable patients were unevenly distributed among

the two study groups, most if not all imbalances favoring survival in the TAVI treated patients. The

logistic EuroSCORE was higher in the control arm (30.4 vs. 26.4, p=0.04), and both chronic obstructive

pulmonary disease (52.5% vs. 41.3%) and atrial fibrillation (48.8% vs. 32.9%) were statistically

significantly (p<0.05) more prevalent. Frail patients (28% vs. 18.1%, p=0.09) were also overrepresented.

In general, patients that are inoperable due to co-morbidities were overrepresented in the control arm.

The PARTNER study protocol stipulates that both medical and anatomic conditions may lead to the

surgeons’ conclusion of inoperability and that the surgeons' consult notes shall specify the medical or

anatomic factors.11

Patients with co-existing anatomic conditions (extensively calcified aorta, deleterious

effects of chest-wall irradiation, and chest-wall deformity) were better represented in the TAVI group

than in the control group (29.6% vs. 20.7%, p=0.05). These anatomically inoperable patients probably

have a better prognosis and quality of life after remediating the aortic valve stenosis. Because of the

imbalance in patient characteristics and the possibly better prognosis, this one subgroup analysis for this

specific patient characteristic was asked to the study sponsor.

The absolute mortality gain after TAVI was an absolute 17 percentages in the non-anatomical inoperable

group versus an absolute 27.9 percentages in the anatomical inoperable group. This results in an

improved ICER for the latter group (about €11,000 per QALY lower) and vice versa for the other group

(about €5,000 per QALY higher). Results of this subgroup analysis were only provided for the pivotal trial

and for the mortality endpoint. Further refinement of the cost-effectiveness calculation is only possible

if further details for the whole population (pivotal and Continued Access) and for all relevant outcomes

(mortality, events and QoL) are made available by the study sponsor. With currently best available data,

the performed analyses show that, if one is willing to pay the considerable amount for the QALYs gained,

reimbursement of TAVI could in the first place focus on this subgroup of anatomical inoperable patients.

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The clinical differentiation of PARTNER high-risk operable from inoperable patients based on objective

parameters is not straightforward and essentially based on the clinical feeling of the physicians involved.

Comparing the patient characteristics between high-risk operable and inoperable patients in the

PARTNER trial reveals there are no clear differences in the clinical baseline characteristics of the two

populations, with exception of anatomical prohibitive conditions.5 While high-risk operable patients

should be excluded from TAVI treatment on medico-economic grounds, physicians can however

subjectively label them as inoperable patients. Belgian registry data showed that a substantial part of

the Belgian TAVI patients have better characteristics (lower NYHA class and less coronary artery disease

and previous CABG) than PARTNER high-risk operable and inoperable patients.5 Also the German

registry has shown that many patients received TAVI, although their valves could also have been

replaced by open surgery.12

Broadening of the population to lower-risk populations might result in

worse outcomes. To avoid waste of resources, artificially including patients should be avoided at all

times. Anatomically inoperable patients, who benefit most from the intervention, can easily be

distinguished from other patients (Figure 3).

It should be noted that the evidence from the PARTNER trial for inoperable patients only applies to the

transfemoral approach. Although the FDA proposed to do so, the PARTNER study sponsor did not

include a transapical arm in inoperable patients (see Figure 4 in the Supplementary Appendix).4 In high-

risk operable patients, a subgroup analysis suggests that the transapical approach is not inferior to

surgery, but doubles the stroke risk. Recently, the results from the STACCATO trial, an independent RCT

of transapical TAVI in operable elderly patients have been presented.8 The primary endpoint (30-day all

cause mortality, major stroke, and/or renal failure) was reached in 5/34 TAVI and 1/36 surgically treated

patients, and the study was prematurely terminated after advice from the Data Safety Monitoring Board.

Given the fact that operative risk estimation is a highly subjective matter, it is as yet unclear to what

extent the operative risk of patients enrolled in STACCATO is different from that of PARTNER patients or

from patients currently treated all over Europe. These observations once more put into question the

appropriateness for the European regulators granting the transapical Sapien valve a CE label in 2007.9 It

also shows the importance of performing high quality randomised trials with clinically relevant

endpoints prior to granting marketing approval of innovative high-risk devices.9

The contrast between the US and EU regulation is striking. Evidence of clinical efficacy is required before

market entry in the US but not in Europe.9 This is also the case with TAVI. In the US, the PARTNER-US

study design is an RCT to demonstrate efficacy. In contrast, in Europe, the PARTNER-EU and other

studies are mere registries with no control group. Despite European data from thousands of patients, it

remains unclear from these registries for whom the intervention is beneficial due to a lack of a proper

research design. For innovative high-risk devices the future EU Device Directive should move away from

requiring clinical safety and “performance” data only to also require pre-market data that demonstrate

“clinical efficacy”.9

Not publishing negative or prematurely terminated studies is problematic for assessing clinical efficacy

and supporting rational decision making. Manufacturers should reveal all relevant or requested

information to health technology assessment bodies. If this does not work on a voluntary basis, then,

policymakers should have the courage to take more drastic measures. For example, government could

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refuse to take a reimbursement decision as long as not all relevant data are provided. The German

Institute for Quality and Efficiency in Health Care (IQWiG) assessment report on the antidepressant

reboxetine has shown this can be a very effective measure: Pfizer did not submit a complete list of

unpublished trials as requested by IQWiG. IQWiG therefore issued the preliminary conclusion that

because of the high risk of publication bias, no meaningful assessment of reboxetine was possible and

thus no benefit of the drug could be proved.13

Pfizer then decided to provide most of the missing data

and the subsequent assessment showed that, overall, reboxetine had no benefit.14-16

Unfortunately,

several other examples of publication bias exist that could have influenced policy recommendations and

decisions if full information was available. The non-availability of complete information is, as mentioned

in a BMJ editorial, “a disservice to research participants, patients, health systems, and the whole

endeavour of clinical medicine”.17

Conclusion Based on currently available data, it is not recommended to reimburse TAVI for high-risk operable

patients. Although the intervention is less invasive, patients have no survival benefit after one year, the

risk of stroke is doubled and the costs are significantly higher. In inoperable patients, a distinction

should be made between medically and anatomically inoperable patients. In the former group, TAVI

treatment is palliative and the patient’s life expectancy and quality of life remain limited due to co-

morbidities that persist after correction of the aortic stenosis. Anatomically inoperable patients are

likely to benefit most from TAVI since they not necessarily have debilitating co-morbid conditions. In

those patients, the incremental cost-effectiveness ratio is also the most favorable. If decision makers are

willing to reimburse the relatively high price for TAVI, then it is recommended to focus in the first place

on this clinically readily identifiable subgroup.

Finally, the study sponsor should be more willing to share all relevant data in due time, i.e. before

important policy decisions are taken. Both positive and negative study results providing details on all

relevant outcomes (mortality, adverse events and QoL) for the most important subgroups should be

revealed. This will enable more balanced evaluations and well-founded policy recommendations. Payers

should insist to have full information before taking reimbursement decisions.

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References

1. Leon MB, Smith CR, Mack M, Miller DC, Moses JW, Svensson LG, et al. Transcatheter aortic-valve

implantation for aortic stenosis in patients who cannot undergo surgery. N Engl J Med

2010;363(17):1597-607.

2. Smith CR, Leon MB, Mack MJ, Miller DC, Moses JW, Svensson LG, et al. Transcatheter versus surgical

aortic-valve replacement in high-risk patients. N Engl J Med 2011;364(23):2187-98.

3. Cleemput I, Van Wilder P, Vrijens F, Huybrechts M, Ramaekers D. Guidelines for Pharmacoeconomic

Evaluations in Belgium. Health Technology Assessment (HTA). Brussels: Belgian Health Care

Knowledge Centre (KCE), 2008.

4. FDA. Meeting Materials of the Circulatory System Devices Panel., July 20, 2011.

5. Neyt M, Van Brabandt H, Van de Sande S, Devriese S. Health Technology Assessment. Transcatheter

Aortic Valve Implantation (TAVI): a Health Technology Assessment Update. Health Technology

Assessment (HTA). Brussels: Belgian Health Care Knowledge Centre (KCE), 2011.

6. Briggs A, Claxton K, Sculpher M. Decision modelling for health economic evaluation. Oxford: Oxford

University Press, 2006.

7. Schaff HV. Transcatheter aortic-valve implantation--at what price? N Engl J Med 2011;364(23):2256-8.

8. Nielsen H, Klaaborg K, Nissen H, Terp K, Mortensen P, Kjeldsen B, et al. A Prospective, Randomized

Trial of Transapical Transcatheter Aortic Valve Implantation vs. Surgical Aortic Valve

Replacement in Operable Elderly Patients with Aortic Stenosis. The STACCATO Trial.

Transcatheter Cardiovascular Therapeutics (TCT) congress San Francisco, Nov 10, 2011.

9. Hulstaert F, Neyt M, Vinck I, Stordeur S, Huić M, Sauerland S, et al. The pre-market clinical evaluation

of innovative high-risk medical devices. Brussels: Belgian Health Care Knowledge Centre (KCE),

2011.

10. National Institute for Health and Clinical Excellence. Guide to the Methods of Technology Appraisal.

London, 2007.

11. Edwards Lifesciences. The PARTNER trial: Placement of AoRTic TraNscathetER Valves Trial (version

3.2) (protocol for the PARTNER trial). February 2009.

12. Mohr F. The German aortic valve registry [Oral presentation]. 40th Annual Meeting of the German

Society for Thoracic and Cardiovascular Surgery. Stuttgart, Febr 16th, 2011.

13. Stafford N. German agency refuses to rule on drug's benefits until Pfizer discloses all trial results.

BMJ 2009;338:b2521.

14. Institute for Quality and Efficiency in Health Care (IQWIG). [Bupropion, mirtazapine, and reboxetine

in the treatment of depression: final report; commission A05-20C.][German], 2009.

15. Wieseler B, McGauran N, Kaiser T. Finding studies on reboxetine: a tale of hide and seek. BMJ

2010;341:c4942.

16. Eyding D, Lelgemann M, Grouven U, Harter M, Kromp M, Kaiser T, et al. Reboxetine for acute

treatment of major depression: systematic review and meta-analysis of published and

unpublished placebo and selective serotonin reuptake inhibitor controlled trials. BMJ

2010;341:c4737.

17. Lehman R, Loder E. Missing clinical trial data. BMJ 2012;344:d8158.

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Figures

Figure 1: the TAVI Markov model

AVR: aortic valve replacement; ST: standard therapy; TAVI: transcatheter aortic valve implantation.

The green square is a choice node, the red dots are chance nodes and the blue triangles are end nodes.

Etc.: this indicates that if the patient survives, he goes to the next cycle in the Markov model. In each monthly cycle,

the patient is again at risk of dying, being hospitalized, having other events or no event.

Figure 2: Cost-effectiveness plane (top) and cost-effectiveness acceptability curve (bottom) for TAVI in inoperable patients.

The green curve on the cost-effectiveness plane is the 95% confidence ellipse.

Figure 3: TAVI’s cost effectiveness.

ICER: incremental cost-effectiveness ratio; QALY: quality-adjusted life-year.

The x-axis indicates the operability of patients. There is an overlap between medically inoperable and high risk

operable patients. Anatomically inoperable patients are readily identifiable. For high-risk operable patients, the ICERs

are very high (€750.000/QALY). For inoperable patients, the ICER was on average €45.000/QALY. Within the latter

category, ICERs are better for anatomic inoperable patients and worse for medical inoperable patients.

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Supplements The PARTNER trial is an open-label, randomised study sponsored by Edward Lifesciences and was

conducted in 25 centres: 21 in the US, 3 in Canada and 1 in Germany. High-risk patients with

symptomatic severe aortic stenosis who were candidates for surgical aortic valve replacement were

eligible to participate in the study. After screening, they were stratified into two groups (Figure 4):1 2

1. Cohort A included high-risk patients with an estimated operative mortality risk of at

least 10% by the STS scorea, or at least 15% due to other severe problems not

included in the STS score.

2. Cohort B included patients considered as inoperable by at least two heart surgeons

either due to anatomical factors (thoracic wall malformation, repeated previous

thoracic surgeries, significant aortic calcification – so-called porcelain aorta, sequelae

of radiotherapy) or due to concomitant severe medical conditions.

Insert Figure 4 around here

Thereafter, the patients underwent a second stratification by whether or not it was technically possible

in the patient in question to gain access to the heart with the necessary catheters through a femoral

artery.

1. Cohort A patients were randomised to transfemoral or transapical TAVI depending on

whether or not transfemoral access was possible versus the classical surgical

treatment (aortic valve replacement - AVR). In the analysis of the primary endpoint of

the trial (all-cause mortality), both TAVI variants together were compared with

surgery.

2. Cohort B patients with the possibility of a transfemoral access were randomised to

transfemoral TAVI versus a standard therapy which, in addition to medication,

generally involved balloon aortic valvuloplasty, a technique where the narrowed

aortic valve is dilated with a balloon. The study sponsor opted not to include cohort B

patients without a transfemoral access in the study, though this was originally asked

by the FDA.

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According to the study protocol,11

quality of life was also measured with the EQ-5D questionnaire that

allows mapping of health status to population-level utility weights. This is an important metric for cost-

effectiveness analysis. No further information is provided on the mapping of the health states to utility

weights. The EQ-5D results are not published yet. These data were requested directly from the study

sponsor and provided in Table 3.

Table 3: EQ-5D values for inoperable patients.

EQ-5D Utilities TAVI Standard therapy

Baseline 0.59 + 0.23 0.57 + 0.23

1 month 0.71 + 0.23 0.64 + 0.22

6 months 0.72 + 0.26 0.66 + 0.24

12 months 0.72 + 0.24 0.62 + 0.23

Source: information provided by the study sponsor.

These variables were modeled as beta distributions with the same mean and standard deviation.

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The percentage of observed events after 30 days and one year in high-risk operable and inoperable

patients of the PARTNER trial (Table 4) are used in the economic model.

Table 4: Overview of events.

Event High-risk operable

patients

Inoperable

patients

TAVI AVR TAVI Standard

Repeat hospitalization

30 days 4.4% 3.7% 5.6% 10.1%

1 year 18.2% 15.5% 22.3% 44.1%

Major stroke

30 days 3.8% 2.1% 5.0% 1.1%

1 year 5.1% 2.4% 7.8% 3.9%

Minor stroke

30 days 0.9% 0.3% 1.7% 0.6%

1 year 0.9% 0.7% 2.2% 0.6%

TIA

30 days 0.9% 0.3% 0% 0%

1 year 2.3% 1.5% 0.6% 0%

Repeat TAVI

30 days 1.7%

1 year 1.7%

Aortic-valve replacement

30 days 0% 1.7%

1 year 1.1% 9.5%

Valvuloplasty

30 days 63.7%

1 year 83.8%

Source: High-risk operable patients: Smith et al.,2 Inoperable patients: Leon et al.

1

Remark: results were not published for the Continued Access trial and could not be included in the model.

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Based on the results in high-risk operable patients of the PARTNER trial, the incremental effects of TAVI

in comparison with AVR are on average 0.03 (95%CI -0.01 – 0.07) quality-adjusted life-years (QALYs). In

combination with substantial incremental costs (on average €20,397; 95%CI 18,278 - 22,617), this

results in relatively very high ICERs of about €750,000 per QALY. This contrast between minimal gains

and substantial expenses is also shown on the cost-effectiveness plane (Figure 5). The cost-effectiveness

acceptability curve (Figure 5) indicates that a willingness-to-pay for a QALY gained of more than

€750,000 is needed to have about 50% chance the intervention is considered cost-effective.

Insert Figure 5 around here

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Only including results of the pivotal trial, without taking into account the conflicting mortality results of

the smaller Continued Access trial results in a more favorable ICER of €37,400 per QALY gained (Table 5).

Since detailed information was only available for the pivotal trial, sensitivity analyses are based on this

analysis. Together with the other scenarios, the base case scenario (mortality pivotal trial + Continued

Access) is presented on the tornado graph (Figure 6).

Table 5: Incremental costs, incremental effects and incremental cost-effectiveness ratio for inoperable patients (based on

combined and pivotal trial results).

Inoperable

patients

Combined Pivotal

IC €33,243 €34,590

€27,452 €37,773 €29,881 €38,631

IE (LYG) 0.88 1.16

0.39 1.41 0.65 1.75

IE (QALY) 0.74 0.92

-0.44 1.69 -0.29 1.90

ICER (€/LYG) €42,647 €31,856

€23,655 €86,311 €20,259 €51,554

ICER (€/QALY)a €44,932 €37,432

IC: incremental cost; ICER: incremental cost-effectiveness ratio; IE: incremental effect; LYG: life-year gained; QALY:

quality-adjusted life-year.

a: The probabilistic average and 95%CI are mentioned where appropriate. This approach is not reliable in case the

simulated ICERs are spread over several quadrants of the cost-effectiveness plane. As an alternative (in italics), in

these cases, the presented ICERs are calculated by dividing the mean incremental cost by the mean incremental

benefit.

Insert Figure 6 around here

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As noted by FDA, there are limited data beyond 2 years from the PARTNER trial and the long-term

mortality benefit of the SAPIEN remains unclear. The shape of the survival curve indicates that the

survival benefit might reduce after two years (Figure 7). Long-term follow-up is needed to further

evaluate this.

Insert Figure 7 around here

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Figures in supplements

Figure 4: The PARTNER trial design

AVR: surgical aortic valve replacement; TA: transapical; TAVI: transcatheter aortic valve implantation; TF: transfemoral.

Cohort A of the TAVI group was composed of a transfemoral (TF) subgroup and a transapical (TA) subgroup. Only the

transfemoral approach was used in cohort B.

Figure 5: Cost-effectiveness plane (top) and cost-effectiveness acceptability curve (bottom) for TAVI in high-risk operable

patients.

The green curve on the cost-effectiveness plane is the 95% confidence ellipse.

Figure 6: Tornado graph one-way sensitivity analyses for inoperable patients (based on data from the pivotal PARTNER trial).

Figure 7: Published survival curves for inoperable patients (top: Leon et al.1; bottom: FDA analysis

4)

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A cost-utility analysis of transcatheter aortic valve implantation (TAVI)

in Belgium: focusing on a well-defined and identifiable population.

Mattias Neyt, Hans Van Brabandt, Stephan Devriese, Stefaan Van de Sande

Short title: Cost-utility analysis of transcatheter aortic valve implantation (TAVI)

Mattias Neyt, MSc, PhD, health economist, Belgian Health Care Knowledge Centre (KCE), 1000 Brussels,

Belgium

Hans Van Brabandt, MD, cardiologist, Belgian Health Care Knowledge Centre (KCE), 1000 Brussels,

Belgium

Stephan Devriese, MSc, PhD, data analyst, Belgian Health Care Knowledge Centre (KCE), 1000 Brussels,

Belgium

Stefaan Van de Sande, MD, medical supervisor, Belgian Health Care Knowledge Centre (KCE), 1000

Brussels, Belgium

Corresponding author:

Mattias Neyt, MSc, PhD

Belgian Health Care Knowledge Centre (KCE)

Kruidtuinlaan 55

1000 Brussels

Belgium

[email protected]

Tel: +32(0)2/287.33.39

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"the Corresponding Author has the right to grant on behalf of all authors and does grant on behalf of all

authors, an exclusive licence (or non exclusive for government employees) on a worldwide basis to the

BMJ Publishing Group Ltd to permit this article (if accepted) to be published in BMJ editions and any

other BMJPGL products and sublicences such use and exploit all subsidiary rights, as set out in our

licence."

Funding: There was no support from any organisation for the submitted work; no financial relationships

with any organisations that might have an interest in the submitted work in the previous three years,

and no other relationships or activities that could appear to have influenced the submitted work.

Competing interests: None.

Contributors: MN carried out the economic analysis and drafted the paper. HVB provided medical advice

and performed a medical literature review in search for relevant data. SD and SVDS analysed the Belgian

data. All authors participated in revising the draft paper and approved the version to be published. MN

is guarantor for the paper.

Data sharing statement: Individual patient data are not available. Aggregated data are published in

“Neyt M, Van Brabandt H, Van de Sande S, Devriese S. Health Technology Assessment. Transcatheter

Aortic Valve Implantation (TAVI): a Health Technology Assessment Update. Health Technology

Assessment (HTA). Brussels: Belgian Health Care Knowledge Centre (KCE), 2011.” which is publicly

available at http://www.kce.fgov.be/publication/report/transcatheter-aortic-valve-implantation-tavi-a-

health-technology-assessment-updat.

Word count: 3641 (exclusive tables, figures, references and supplements)

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Article focus

- To assess the cost-effectiveness of transcatheter aortic valve implantation (TAVI) for Belgian

patients.

Key messages

- In high-risk operable patients, surgical aortic valve replacement (AVR) and TAVI are associated

with similar mortality rates at one year. However, there is a twice as high rate of stroke after

TAVI. From an economic point of view, the less invasive nature of the TAVI procedure does not

weigh against the extra costs of about €20,000 per patient.

- In inoperable patients, TAVI significantly reduces the rate of death from any cause as compared

with a non-surgical approach. The incremental cost-effectiveness ratio is about €45,000 per

quality-adjusted life year (QALY) gained. Nevertheless a distinction should be made between

inoperability for anatomic versus medical reasons. TAVI offers more value for money in the

former patient group with ICERs decreasing more than €10,000 per QALY.

- If policy makers are willing/able to pay the relative high price for TAVI, it is advised to focus in

the first place on the anatomic inoperable patients.

Strengths and limitations

- Hospital billing data of 183 Belgian patients treated with the Edwards SAPIEN valve were at our

disposal for cost calculations.

- Next to the published pivotal PARTNER (Placement of AoRTic TraNscathetER Valve) trial, a non-

published randomized controlled trial (RCT) with TAVI was identified. This Continued Access trial

was performed according to the same study protocol of the pivotal PARTNER trial. The mortality

outcomes of this Continued Access RCT, disfavoring TAVI, were included in our analysis.

- An unbalance in patient characteristics was observed in the inoperable patients of the PARTNER

trial, favoring the TAVI group. A subgroup analysis showed a greater improvement for anatomic

inoperable patients versus those inoperable for medical reasons.

- The most important limitation of our analysis is the non-availability of all relevant study

outcomes, especially for the negative non-published Continued Access RCT. The study sponsor

should be willing to reveal this information in due time. Payers should require access to these

non-published data before deciding on reimbursement.

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Abstract

Background

Patients with severe aortic stenosis and coexisting non-cardiac conditions may be at high-risk for surgical

replacement of the aortic valve or even be no candidates for surgery. In these patients transcatheter

aortic valve implantation (TAVI) is suggested as an alternative. Results of the PARTNER (Placement of

AoRTic TraNscathetER Valve) trial comparing the clinical effectiveness of TAVI with surgical valve

replacement and standard therapy were published. We assessed the cost-effectiveness of TAVI in

Belgium.

Methods

A Markov model of incremental costs, effects (survival and quality of life) and incremental cost-

effectiveness of TAVI was developed. The impact on survival, number of events and quality of life was

based on the PARTNER trial. Costs per event were context-specific.

Results

In high-risk operable patients, even if the minor differences in 30-day and 1-year mortality are taken into

account, the incremental cost-effectiveness ratio (ICER) remains on average above €750,000 per quality-

adjusted life year (QALY) gained [incremental cost (IC): €20,400; incremental effect (IE): 0.03 QALYs]. In

inoperable patients, an ICER of €44,900 per QALY (IC: €33,200; IE: 0.74 QALYs) is calculated, including a

life-long extrapolation of the mortality benefit. This result was sensitive to the assumed time horizon.

The subgroup of anatomically inoperable patients had better outcomes than medically inoperable

patients, with ICERs decreasing more than €10,000/QALY.

Conclusions

It is inappropriate to consider reimbursement of TAVI for high-risk operable patients. Reimbursing TAVI

in inoperable patients in essence is a political decision. From an economic perspective, it would be

prudent to first target patients that are inoperable because of anatomical prohibitive conditions.

In our search for evidence, we identified non-published negative results from a randomized controlled

TAVI trial. The study sponsor should be more willing to share this information to allow balanced

evaluations and policy recommendations. Payers should require these data before taking

reimbursement decisions.

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Background

Degenerative aortic stenosis is a common valvular heart disease, mostly affecting elderly people. Since

many of those patients suffer from co-morbidities, they might not be amenable to surgical valve

replacement. In this context, transcatheter aortic valve implantation, a less invasive approach to correct

the valvular stenosis, has been developed. Until recently, the assessment of the clinical effectiveness of

transcatheter aortic-valve implantation (TAVI) had to rely on reports from uncontrolled case series,

making it prone to bias. The randomized controlled PARTNER (Placement of AoRTic TraNscathetER Valve)

trial (NCT00530894) provided more robust data,1 2

allowing to more reliably estimate the clinical benefit

of TAVI as compared to other treatment modalities. After the publication of the pivotal trial results,

additional data from the PARTNER trial became available. Among them are non-published negative

mortality data from the Continued Access study, related to patients treated according to the

randomized protocol for inoperable patients. We used the available trial data to be incorporated in a

health economic model in order to calculate TAVI’s cost effectiveness. This is of major importance to

support rational reimbursement decisions, taking into account the financial constraints.

Methods

A Markov simulation model is developed in Excel in order to assess the efficiency of TAVI. Having a

possible impact on both mortality and quality of life, both cost-effectiveness (with outcomes expressed

in life-years gained) and cost-utility analyses (with life-years gained adjusted for quality of life) are

performed. The @Risk adds-inon tool is used for probabilistic modeling and probabilistic sensitivity

analyses.

The analysis includes direct health care costs from the perspective of the health care payer.3 Payments

out of the public health care budget as well as patients’ co-payments are included. Since baseline

employment rates are expected to be low in the target population, indirect productivity costs are

ignored.

Population

The model simulates a hypothetical cohort of 1,000 TAVI-eligible patients. The type of participants

considered reflects the PARTNER patients. The PARTNER study incorporated two parallel prospective,

multicenter, randomized, active-treatment-controlled clinical trials.1 Patients were divided into two

cohorts: those who were considered to be candidates for surgery but at high surgical risk (cohort A) and

those who were no suitable candidates for surgery (cohort B) (see Figure 4 in the Supplementary

Appendix). In the first cohort, TAVI could be performed trans-femoral or trans-apical. The average age

was 84 and 83 years in high-risk operable and inoperable patients, respectively. The proportion of males

was 57% and 46%, respectively.1 2

This is reflected in the model and taken into account when

extrapolating the short-term results into lifetime outcomes. More information on the PARTNER study

design is available in the Supplementary Appendix.

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Intervention and comparator

The Edwards SAPIEN heart-valve system (Edwards Lifesciences) is used in the PARTNER-US study. The

comparator is different for the two cohorts. In the high-risk operable patients this is surgical aortic valve

replacement (AVR). In the inoperable patients the comparator treatment was a so-called ‘standard

therapy’ incorporating a balloon valvuloplasty in most patients.

Time horizon

There was no significant difference in survival after one year in the high-risk operable patients.

Therefore, in our model, the time horizon is restricted to this period. In inoperable patients, there is a

survival advantage after one year and survival data are extrapolated to a lifetime time horizon. Future

costs and benefits are discounted at a yearly rate of 3% and 1.5%, respectively.3

Markov model

A Markov model with monthly cycles is set up (Figure 1). The square node points at the choice between

TAVI and the alternative intervention (AVR in high-risk operable patients (cohort A) or standard therapy

in inoperable patients (cohort B)). In every cycle, the patient can die (end node), be hospitalized, have

an adverse event or no event.

Figure 1: the TAVI Markov model

AVR: aortic valve replacement; ST: standard therapy; TAVI: transcatheter aortic valve implantation.

The green square is a choice node, the red dots are chance nodes and the blue triangles are end nodes.

Etc.: this indicates that if the patient survives, he goes to the next cycle in the Markov model. In each monthly cycle,

the patient is again at risk of dying, being hospitalized, having other events or no event.

Mortality

The PARTNER study is the first RCT to assess the safety and efficacy of the Sapien® valve. It was

conducted under the auspices of the FDA and required to apply for market approval for the valve on the

High surgical

risk

(Cohort A/B)

mortality

hospitalisation

no event

other events

etc.

etc.

etc.

TAVI

mortality

hospitalisation

no event

other events

etc.

etc.

etc.

AVR/ST

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US market. In addition to published study results, information was searched in FDA’s Advisory Panel

documents, conference documents and press releases, and from the study sponsor.

Table 1 shows the 30-day and one-year mortality rates in the PARTNER trial. Intention-to-treat results

are implemented in the model. In high-risk operable patients, the non-inferiority study showed non-

significant differences.2 In inoperable patients, an absolute 20% mortality risk reduction is found after

one year.1 In contrast, the non-published Continued Access study, following the same protocol,

presented an absolute 12.7% higher mortality in the TAVI group.4 The weighted average results in an

absolute mortality reduction by TAVI of 12.3%, which is used in the reference case. A validity check was

applied to check whether the modeled one-year mortality rates were consistent with the published

rates.

The monthly mortality rate between the second month and one year is deducted from the one-month

and 1-year mortality and is assumed to be constant over this period. This monthly mortality rate

increases yearly according to the age- and sex specific mortality rates of the total Belgian population to

extrapolate trial results to the lifetime time horizon for inoperable patients.

Table 1: Early and late mortality in the PARTNER trial

High-risk operable patients Inoperable patients

PIVOTAL TRIAL CONT. ACCESS COMBINED*

TAVI AVR p-value TAVI Stand. p-value TAVI Stand. TAVI Stand.

N 348 351 179 179 41 49 220 228

30-d. mort. 3.4% 6.5% 0.07 5.0%** 2.8% 0.41 9.8% 2.1% 5.9% 2.7%

1-yr. mort. 24.0% 26.8% 0.44 30.7% 50.7% <0.001 34.3% 21.6% 31.4% 43.7%

AVR: aortic valve replacement; Cont.: Continued; Stand.: standard therapy; TAVI: transcatheter aortic valve

implantation.

Sources: high-risk operable patients: Smith et al.2; inoperable patients: pivotal trial: Leon et al.

1; Continued Access:

FDA.4

* The weights are based on the number of participants in the pivotal and Continued Access trials.

** Uncertainty surrounding mortality is modeled with beta distributions with the same mean. The alpha parameter of

these distributions equals the number of events in the PARTNER RCT. For example: 5% mortality on a total of 179

patients is reflected with a beta distribution with the alpha parameter being 9 (i.e. 5% of 179 = 9 patients) and the

beta parameter being 170 (i.e. 179 – 9).

Utilities

The PARTNER study protocol mentions QoL was measured with the EQ-5D questionnaire in both the

high-risk operable and inoperable patients. This generic utility measure was applied both at baseline and

after 1, 6 and 12 months. Results were not published but provided by the study sponsor for inoperable

patients and included in the model (details are provided in Table 3 in the Supplementary Appendix). An

adjustment for baseline QoL differences was included. We assumed a linear QoL evolution between

baseline, 1, 6 and 12 months and a constant QoL afterwards.

Unfortunately, although requested from the study sponsor, no EQ-5D results were provided for high-risk

operable patients. At 30 days, more patients in the transcatheter group than in the surgical group had a

reduction in symptoms to NYHA class II or lower (P<0.001). Among patients who could perform a 6-

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minute walk test, patients in the transcatheter group walked farther than those in the surgical group (P

= 0.002).2 Therefore, a similar difference as observed during the first month in inoperable patients was

assumed. The NYHA functional class was no longer different at 6 months. At 1 year, there were no

significant between-group differences in cardiac symptoms and the 6-minute walk distance.2 Therefore,

in the base case, no further differences in QoL were included in the model for high-risk operable

patients. This assumption was altered in a sensitivity analysis.

Costs

To calculate incremental costs the initial cost differences between TAVI and AVR during hospitalization

(high-risk operable patients) and between TAVI and standard therapy (inoperable patients) are taken

into account. Secondly, events with a possible incremental impact were selected from the published

PARTNER trial. Included events are: repeat hospitalizations, minor/major stroke and TIA, and cardiac

reintervention. Vascular complications and major bleedings are not separately included to avoid double

counting since these mainly occur during the initial or repeat hospitalization. The percentage of events

observed in the PARTNER trial is provided in the Supplementary Appendix (Table 4). Only results for the

pivotal trial were published, and thus implemented in our model. In the Markov model with monthly

cycles, events between 30 days and one year are transformed to monthly percentages, which are also

used in the lifetime extrapolation in the model for inoperable patients. In this cohort of inoperable

patients, cardiac reinterventions were considered being balloon aortic valvuloplasty, which was

performed in 84% of patients, repeat TAVI in the TAVI group (1.7%) and AVR which occurred in almost

10% of the standard therapy group (see Table 4 in the Supplementary Appendix).

Aggregated cost data of 183 consecutive patients treated in Belgium between June 2006 and June 2010

with the Edwards SAPIEN® valve (99 trans-femoral and 84 trans-apical) were obtained. The

interventional procedure and the device cost not (yet) being reimbursed, a cost of €18,000 and €1,500,

for the device and the procedure respectively was assigned. This eventually resulted in a cost of about

€41,000 and €50,000 for trans-femoral and trans-apical TAVI (Table 2). In the inoperable cohort, not all

patients assigned to TAVI actually underwent TAVI and some patients in the standard therapy group

received AVR and/or balloon valvuloplasty. The cost of the initial procedure was adjusted for this.

To calculate the cost of a surgical AVR, we obtained data from 9,213 hospital stays between 2004 and

2007. This sample contains both older and younger patients with a different severity of illness (SOI,

grade 1-4). Since the PARTNER study mainly includes older patients with multiple co-morbidities, older

patients (>70) with a higher SOI index (3 or 4) were selected, resulting in an average AVR cost of €23,749.

For the cost of balloon aortic valvuloplasty, the fee of €488.75 is taken into account. Costs for repeat

hospitalizations, minor or major stroke and TIA are based on the APR-DRG costs for these categories as

published (publicly available at www.tct.fgov.be). It is assumed that the cost of a specific event is the

same across all treatment groups. Finally, a theoretical follow-up cost of about €43 per month and a

drug cost of €21 per month (Table 2), attributable to the number of surviving patients, is included in the

model. We assume these monthly costs to be the same for all survivors in the model.

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Table 2: Overview of cost data.

Variable Mean Uncertainty Source

TAVI (high-risk operable patients)

TF €40,917 Normal (mean: 40917; SD mean 1204) Gov. Health Ins. Database*

TA €49,799 Normal (mean: 49799; SD mean 1994) Gov. Health Ins. Database*

All €43,571a

TAVI (inoperable patients) €40,057b

Standard therapy €3,170c

AVR €23,749d Normal (mean: 23749; SD mean 191) Gov. Health Ins. Database**

Balloon aortic valvuloplasty €489e Fixed fee Belgian Nomenclature code

Repeat hospitalization €5,983 Gamma (mean: 5983; P5: 1339; P95: 15596) TCT, APR-DRG 194 (Heart failure)

Stroke TCT, APR-DRG 045 (CVA with stroke)

minor €4,679f Gamma (mean: 3292; P5: 932; P95: 6842) minor

Gamma (mean: 6066; P5: 1574; P95: 17285) moderate

major €12,493f Gamma (mean: 9593; P5: 1630; P95: 27526) major

Gamma (mean: 15392; P5: 2631; P95: 40079) extreme

TIA €3,946 Gamma (mean: 3946; P5: 974; P95: 9942) TCT, APR-DRG 047 (TIA)

follow-up fees €43.2/monthg Uniform (+/- 50%) Expert opinion

follow-up drugs €20.5/monthh Uniform (+/- 50%) Gov. Health Ins. Database*

APR-DRG: All Patient Refined Diagnosis Related Groups; AVR: aortic valve replacement; Gov. Health Ins. Database: Governmental Health Insurance Database; IMA:

Intermutualistic Agency; TAVI: transcatheter aortic valve implantation; TCT: Belgian Technical Cell; TIA: transient ischemic attack.

*: IMA data; **: TCT data. Year of pricing: 2006-2010 for TAVI and standard therapy. 2008 for all TCT-based APR-DRG prices. 2004-2007 for AVR. Due to the

incremental character of the analysis, price adjustments would have no substantial influence on results. Furthermore, the analysis in high-risk operable patients

showed that the result is determined by the (lack of) incremental effect of TAVI versus AVR.

a: The weighted average of TF and TA TAVI cost. The weight is determined by the number of TF and TA patients in the PARTNER trial, being 244 and 104, respectively.

b: In the PARTNER trial, of the 179 patients assigned to TAVI, 6 (3.4%) did not receive a transcatheter heart valve: 2 patients died before the scheduled implantation,

transfemoral access was unsuccessful in 2 patients, and the intraprocedural annulus measurement was too large in 2 patients.1 Similarly, in our model, the complete

TAVI procedure cost was assigned to 96.6% (173/179) of patients, 1.1% were assigned no costs because they died before the procedure and 2.2% was assigned the

procedure cost without the TAVI device cost of €18,000. This results in an average cost of €40,057.

c: In the PARTNER trial, 12 of the patients who were assigned to standard therapy (6.7%) underwent aortic-valve replacement, 5 (2.8%) underwent placement of a

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conduit from the left ventricular apex to the descending aorta plus aortic valve replacement, and 4 (2.2%) underwent TAVI at a nonparticipating site outside the United

States.1 Therefore, the cost of AVR is assigned to 9.5% (6.7% + 2.8%) of the patients, and the TAVI cost to 2.2%. This results in an additional cost of €3170 in the

standard therapy group.

d: The cost was calculated for patients (N=4811) older than 70 and a SOI index of 3 or 4. If this was restricted to patients (N=1506) older than 80 with a SOI index of 3

or 4, the cost remained the same (€23,772).

e: The fee is included explicitly in the control group. If this procedure would include a hospitalization, then these costs are already included in the model as ‘repeat

hospitalization’. In the TAVI group, to avoid double counting, this cost is not included separately since it is part of the TAVI procedure, and thus the cost is already

included in the analysis.

f: For stroke, the TCT makes a distinction between four categories (minor, moderate, major and extreme). The former two categories were reclassified as minor stroke,

the latter two as major stroke.

g: The follow-up costs included the following: 4 consultations cardiologist (€34.5/unit), 4 Electrocardiogram (€17.18/unit); 1 echo, full transthoracal ultrasound bilan of

the heart (€67.16/unit); 3 echo, repetition within the calendar year of full transthoracal ultrasound bilan of the heart (€67.16/unit) or limited transthoracal ultrasound

bilan of the heart (€38.75); 1 full transesophageal ultrasound bilan of the heart (€113.01/unit) or limited transesophageal ultrasound bilan of the heart (€58.12/unit).

h: The selected drugs were the following: acenocoumarol, aspirin, clopidogrel, dalteparin, danaparoid, enoxaparin, fenprocoumon, heparin, nadroparine, ticlopidine,

tirofiban, and warfarin. The real world expenditures in the Belgian Edwards TF TAVI group was €246 per year, or €20.5 per month.

For more details, we refer to the full HTA report.5

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Sensitivity and scenario analyses

The impact of uncertainty around all the model’s input parameters on the results was modeled

probabilistically. The applied distribution depends on the type of variable:6 transition probabilities

(mortality or chance for another event) and utilities are modeled as beta distributions. This distribution

is limited to the 0-1 scale and reflects the possible outcomes for these variables. The alpha parameter of

this distribution equals the number of events in the PARTNER RCT. The beta parameter is adjusted to

equal the published percentage of events. Strict correlation is imposed between the modeled

probabilities at 30 days and 1 year to avoid irrational modeled outcomes. Relying on the central limit

theorem, TAVI and AVR costs are modeled as normal distribution around the mean. Due to the large

uncertainty around follow-up costs, a uniform distribution (+/- 50%) is applied. Finally, publicly available

TCT cost data are published with P5 and P95 values. For these cost variables, gamma distributions

reflecting the same mean, P5 and P95 values are modeled.

1,000 Latin Hypercube simulations are performed. Outcomes with their surrounding uncertainty are

presented for incremental costs (IC), incremental effects (IE), and the incremental cost-effectiveness

ratio (ICER). Results are shown on the cost-effectiveness plane and cost-effectiveness acceptability

curves (CEA-curves). In our probabilistic sensitivity analysis, rank correlation coefficients are calculated

between the output values (the ICERs) and the sampled input values to indicate the relative importance

of variables and their uncertainty on the uncertainty surrounding the outcomes.

One-way sensitivity analysis is performed on several input variables. In this case, we start from the

published pivotal trial data because no full details of the Continued Access trial were provided by the

study sponsor. Including the results on mortality from the Continued Access trial is modeled as one of

the scenarios and is considered as base case since there is no good reason to exclude the results from

this trial with the same protocol as the pivotal trial. The following scenarios are modeled for high-risk

operable patients: TAVI device cost of €10,000, and an optimistic QoL improvement of 0.1 during the

whole first year. In the model for inoperable patients the scenarios are: restricted 3-year time horizon,

no discounting or discount rate of 5% for both costs and effects, no adjustment of TAVI and standard

therapy costs for actually performed treatment, in- or exclusion of events in the model (major/minor

stroke or TIA) and TAVI device cost of €10,000. One specific subgroup scenario analysis is added for

mortality risk reduction in medically vs anatomically inoperable patients. Although the reduction in

mortality is observed in both subgroups in the pivotal trial, it is larger in the latter subgroup (absolute

27.9%) than in the former subgroup (absolute 17%). Results of these analyses are presented on a

tornado graph.

Results

Based on the results of the PARTNER trial in high-risk operable patients, the incremental survival benefit

of TAVI in comparison with AVR is minimal, on average 0.03 (95%CI -0.01 – 0.07) quality-adjusted life-

years (QALYs). In combination with substantial incremental costs (on average €20,397; 95%CI 18,278 -

22,617), this results in very high ICERs of about €750,000 per QALY gained. This contrast between

minimal gains and substantial expenses is shown on the cost-effectiveness plane in the Supplementary

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Appendix (Figure 5). Even the scenario analyses with a price reduction of the TAVI device cost to €10,000

or an assumed QoL improvement of 0.1 during the whole first year results in relatively high ICERs, i.e. on

average €455,000 and €205,000 per QALY gained, respectively.

For inoperable patients, the incremental cost of TAVI compared with standard therapy, is about €33,200

with an incremental effect on survival of 0.88 life-years gained (LYG) or 0.74 QALYs gained. As such, the

ICER becomes about €42,600 per LYG or on average €44,900 per QALY gained (see details on IC, IE and

ICERs in Table 5 in the Supplementary Appendix and Figure 2, top). The cost-effectiveness acceptability

curve (Figure 2, bottom) indicates that a willingness-to-pay for a quality-adjusted life-year of more than

€42,000 is needed to have about 50% chance the intervention is considered cost-effective in this cohort

of patients.

The probabilistic sensitivity analysis shows that the most important stochastic variables in the model are

the mortality and utility at 12 months in the TAVI group (correlation coefficients of 0.21 and -0.48,

respectively).5 The one-way sensitivity analyses indicate the importance of the extrapolation assumption.

With a 3-year time horizon, the ICER of the pivotal PARTNER trial almost doubled (from €37,400/QALY to

€71,600/QALY). Finally, the anatomically inoperable patients have a more favorable ICER than the

medically inoperable patients (Figure 6 in the Supplementary Appendix).

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Figure 2: Cost-effectiveness plane (top) and cost-effectiveness acceptability curve (bottom) for TAVI in inoperable patients.

The green curve on the cost-effectiveness plane is the 95% confidence ellipse.

€ 0

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Discussion

This is the first non-industry-based study that calculates the cost-effectiveness of TAVI, based on the

results of a randomized controlled trial. The cost effectiveness of TAVI is highly dependent on the

patient population under consideration. In high-risk operable patients, TAVI and surgery are associated

with similar mortality rates at one year and produce similar improvements in cardiac symptoms.

However, the twice as high rate of stroke after TAVI as compared to surgery (8.3% vs. 4.3% at 1 year) is

problematic. From a medical point of view TAVI might be considered as an alternative to surgery for

high-risk patients who are willing to accept this higher risk of stroke.7 From an economic point of view,

the less invasive nature of the TAVI procedure does not weigh against the extra costs. With an average

ICER of about €750,000 per QALY (Figure 3), it is hard to defend a reimbursement for TAVI in high-risk

operable patients as an efficient use of limited resources. This can be altered if TAVI costs become

similar to those of AVR. The long-term consequences of stroke on both QoL and costs should also not be

underestimated and would probably worsen the ICER of TAVI.

Figure 3: TAVI’s cost effectiveness.

ICER: incremental cost-effectiveness ratio; QALY: quality-adjusted life-year.

The x-axis indicates the operability of patients. There is an overlap between medically inoperable and high risk

operable patients. Anatomically inoperable patients are readily identifiable. For high-risk operable patients, the ICERs

are very high (€750.000/QALY). For inoperable patients, the ICER was on average €45.000/QALY. Within the latter

category, ICERs are better for anatomic inoperable patients and worse for medical inoperable patients.

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In inoperable patients, TAVI significantly reduces the rate of death from any cause as compared with a

non-surgical approach (absolute risk reduction of 12.3% in combined pivotal and Continued Access trial).

TAVI also significantly improves cardiac symptoms and reduces the need for repeat hospitalizations.

Stroke rate at 1 year however was twice as high in TAVI patients compared to those treated non-

surgically (10.6% vs. 4.5%). From a medical point of view, the overall benefit of TAVI in those patients

seems to outweigh the risks, and therefore it may be appropriate to consider and discuss TAVI with

patients who cannot be operated.

It should be noted that the evidence from the PARTNER trial for inoperable patients only applies to the

transfemoral approach. Although the FDA proposed to do so, the PARTNER study sponsor did not

include a transapical arm in inoperable patients.4 In high-risk operable patients, a subgroup analysis

suggests that the transapical approach is not inferior to surgery, but doubles the stroke risk. Recently,

the results from the STACCATO trial, an independent RCT of transapical TAVI in operable elderly patients

have been presented.8 The primary endpoint (30-day all cause mortality, major stroke, and/or renal

failure) was reached in 5/34 TAVI and 1/36 surgically treated patients, and the study was prematurely

terminated after advice from the Data Safety Monitoring Board. Given the fact that operative risk

estimation is a highly subjective matter, it is as yet unclear to what extent the operative risk of patients

enrolled in STACCATO is different from that of PARTNER patients or from patients currently treated all

over Europe. These observations once more put into question the appropriateness for the European

regulators granting the transapical Sapien valve a CE label in 2007.9 It also shows the importance of

performing high quality randomised trials with clinically relevant endpoints prior to granting marketing

approval of innovative high-risk devices.9

For inoperable patients, combining the mortality data from both the pivotal and Continued Access trial

results in an ICER of about €45,000 per QALY (Figure 3). In most countries, as well as in Belgium, there is

no explicit ICER threshold. Only NICE (National Institute for Health and Clinical Excellence) has explicitly

mentioned this in their Guide to the Methods of Technology Appraisal.10

Applying NICE’s threshold

values of £20,000 (£1 = €1.14, August 25, 2011) and £30,000 per QALY, results in a 9.2% and 36.7%

chance, respectively, that TAVI is considered as being a cost-effective intervention. This rather is an

optimistic estimate due to several factors: the unbalanced patient characteristics in the PARTNER trial in

favor of the TAVI group (see next paragraph), the lifelong extrapolation assumption on survival (see FDA

remark in the Supplementary Appendix (Figure 7)), keeping QoL at a high level in the long-term in this

ageing population, and the possible long-term consequences and costs of stroke.

In the PARTNER trial, baseline characteristics of inoperable patients were unevenly distributed among

the two study groups, most if not all imbalances favoring survival in the TAVI treated patients. The

logistic EuroSCORE was higher in the control arm (30.4 vs. 26.4, p=0.04), and both chronic obstructive

pulmonary disease (52.5% vs. 41.3%) and atrial fibrillation (48.8% vs. 32.9%) were statistically

significantly (p<0.05) more prevalent. “Frailty” patients (28% vs. 18.1%, p=0.09) were also

overrepresented. In general, patients that are inoperable due to co-morbidities were overrepresented in

the control arm. The PARTNER study protocol stipulates that both medical and anatomic conditions may

lead to the surgeons’ conclusion of inoperability and that the surgeons' consult notes shall specify the

medical or anatomic factors.11

Patients with co-existing anatomic conditions (extensively calcified aorta,

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deleterious effects of chest-wall irradiation, and chest-wall deformity) were better represented in the

TAVI group than in the control group (29.6% vs. 20.7%, p=0.05). These anatomically inoperable patients

probably have a better prognosis and quality of life after solving remediating the aortic valve stenosis.

Because of the imbalance in patient characteristics and the possibly better prognosis, this one subgroup

analysis for this specific patient characteristic was asked to the study sponsor.

The absolute mortality gain after TAVI was an absolute 17 percentages in the non-anatomical inoperable

group versus an absolute 27.9 percentages in the anatomical inoperable group. This results in an

improved ICER for the latter group (about €11,000 per QALY lower) and vice versa for the other group

(about €5,000 per QALY higher). Results of this subgroup analysis were only provided for the pivotal trial

and for the mortality endpoint. Further refinement of the cost-effectiveness calculation is only possible

if further details for the whole population (pivotal and Continued Access) and for all relevant outcomes

(mortality, events and QoL) are made available by the study sponsor. With currently best available data,

the performed analyses show that, if one is willing to pay the considerable amount for the QALYs gained,

reimbursement of TAVI could in the first place focus on this subgroup of anatomical inoperable patients.

The clinical differentiation of PARTNER high-risk operable from inoperable patients based on objective

parameters is not straightforward and essentially based on the clinical feeling of the physicians involved.

Comparing the patient characteristics between high-risk operable and inoperable patients in the

PARTNER trial reveals there are no clear differences in the clinical baseline characteristics of the two

populations, with exception of anatomical prohibitive conditions.5 While high-risk operable patients

should be excluded from TAVI treatment on medico-economic grounds, physicians can however

subjectively label them as inoperable patients. Belgian registry data showed that a substantial part of

the Belgian TAVI patients have better characteristics (lower NYHA class and less coronary artery disease

and previous CABG) than PARTNER high-risk operable and inoperable patients.5 Also the German

registry has shown that many patients received TAVI, although their valves could also have been

replaced by open surgery.5 12

Broadening of the population to lower-risk populations might result in

worse outcomes. To avoid waste of resources, artificially including patients should be avoided at all

times. Anatomically inoperable patients, who benefit most from the intervention, can easily be

distinguished from other patients (Figure 3).

It should be noted that the evidence from the PARTNER trial for inoperable patients only applies to the

transfemoral approach. Although the FDA proposed to do so, the PARTNER study sponsor did not

include a transapical arm in inoperable patients (see Figure 4 in the Supplementary Appendix).4 In high-

risk operable patients, a subgroup analysis suggests that the transapical approach is not inferior to

surgery, but doubles the stroke risk. Recently, the results from the STACCATO trial, an independent RCT

of transapical TAVI in operable elderly patients have been presented.8 The primary endpoint (30-day all

cause mortality, major stroke, and/or renal failure) was reached in 5/34 TAVI and 1/36 surgically treated

patients, and the study was prematurely terminated after advice from the Data Safety Monitoring Board.

Given the fact that operative risk estimation is a highly subjective matter, it is as yet unclear to what

extent the operative risk of patients enrolled in STACCATO is different from that of PARTNER patients or

from patients currently treated all over Europe. These observations once more put into question the

appropriateness for the European regulators granting the transapical Sapien valve a CE label in 2007.9 It Field Code Changed

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also shows the importance of performing high quality randomised trials with clinically relevant

endpoints prior to granting marketing approval of innovative high-risk devices.9

The contrast between the US and EU regulation is striking. Evidence of clinical efficacy is required before

market entry in the US but not in Europe.9 This is also the case with TAVI. In the US, the PARTNER-US

study design is an RCT to demonstrate efficacy. In contrast, in Europe, the PARTNER-EU and other

studies are mere registries with no control group. Despite European data from thousands of patients, it

remains unclear from these registries for whom the intervention is beneficial due to a lack of a proper

research design. For innovative high-risk devices the future EU Device Directive should move away from

requiring clinical safety and “performance” data only to also require pre-market data that demonstrate

“clinical efficacy”.9

Not publishing negative or prematurely terminated studies is problematic for assessing clinical efficacy

and supporting rational decision making. Manufacturers should reveal all relevant or requested

information to health technology assessment bodies. If this does not work on a voluntary basis, then,

policymakers should have the courage to take more drastic measures. For example, government could

refuse to take a reimbursement decision as long as not all relevant data are provided. The German

Institute for Quality and Efficiency in Health Care (IQWiG) assessment report on the antidepressant

reboxetine has shown this can be a very effective measure: Pfizer did not submit a complete list of

unpublished trials as requested by IQWiG. IQWiG therefore issued the preliminary conclusion that

because of the high risk of publication bias, no meaningful assessment of reboxetine was possible and

thus no benefit of the drug could be proved.13

Pfizer then decided to provide most of the missing data

and the subsequent assessment showed that, overall, reboxetine had no benefit.14-16

Unfortunately,

several other examples of publication bias exist that could have influenced policy recommendations and

decisions if full information was available. The non-availability of complete information is, as mentioned

in a BMJ editorial, “a disservice to research participants, patients, health systems, and the whole

endeavour of clinical medicine”.17

Conclusion

Based on currently available data, it is not recommended to reimburse TAVI for high-risk operable

patients. Although the intervention is less invasive, patients have no survival benefit after one year, the

risk of stroke is doubled and the costs are significantly higher. In inoperable patients, a distinction

should be made between medically and anatomically inoperable patients. In the former group, TAVI

treatment is palliative and the patient’s life expectancy and quality of life remain limited due to co-

morbidities that persist after solving correction of the aortic stenosis. Anatomically inoperable patients

are likely to benefit most from TAVI since they not necessarily have debilitating co-morbid conditions. In

those patients, the incremental cost-effectiveness ratio is also the most favorable. If decision makers are

willing to reimburse the relatively high price for TAVI, then it is recommended to focus in the first place

on this clinically readily identifiable subgroup.

Finally, the study sponsor should be more willing to share all relevant data in due time, i.e. before

important policy decisions are taken. Both positive and negative study results providing details on all

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relevant outcomes (mortality, adverse events and QoL) for the most important subgroups should be

revealed. This will enable more balanced evaluations and well-founded policy recommendations. Payers

should insist to have full information before taking reimbursement decisions.

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References

1. Leon MB, Smith CR, Mack M, Miller DC, Moses JW, Svensson LG, et al. Transcatheter aortic-valve

implantation for aortic stenosis in patients who cannot undergo surgery. N Engl J Med

2010;363(17):1597-607.

2. Smith CR, Leon MB, Mack MJ, Miller DC, Moses JW, Svensson LG, et al. Transcatheter versus surgical

aortic-valve replacement in high-risk patients. N Engl J Med 2011;364(23):2187-98.

3. Cleemput I, Van Wilder P, Vrijens F, Huybrechts M, Ramaekers D. Guidelines for Pharmacoeconomic

Evaluations in Belgium. Health Technology Assessment (HTA). Brussels: Belgian Health Care

Knowledge Centre (KCE), 2008.

4. FDA. Meeting Materials of the Circulatory System Devices Panel., July 20, 2011.

5. Neyt M, Van Brabandt H, Van de Sande S, Devriese S. Health Technology Assessment. Transcatheter

Aortic Valve Implantation (TAVI): a Health Technology Assessment Update. Health Technology

Assessment (HTA). Brussels: Belgian Health Care Knowledge Centre (KCE), 2011.

6. Briggs A, Claxton K, Sculpher M. Decision modelling for health economic evaluation. Oxford: Oxford

University Press, 2006.

7. Schaff HV. Transcatheter aortic-valve implantation--at what price? N Engl J Med 2011;364(23):2256-8.

8. Nielsen H, Klaaborg K, Nissen H, Terp K, Mortensen P, Kjeldsen B, et al. A Prospective, Randomized

Trial of Transapical Transcatheter Aortic Valve Implantation vs. Surgical Aortic Valve

Replacement in Operable Elderly Patients with Aortic Stenosis. The STACCATO Trial.

Transcatheter Cardiovascular Therapeutics (TCT) congress San Francisco, Nov 10, 2011.

9. Hulstaert F, Neyt M, Vinck I, Stordeur S, Huić M, Sauerland S, et al. The pre-market clinical evaluation

of innovative high-risk medical devices. Brussels: Belgian Health Care Knowledge Centre (KCE),

2011.

10. National Institute for Health and Clinical Excellence. Guide to the Methods of Technology Appraisal.

London, 2007.

11. Edwards Lifesciences. The PARTNER trial: Placement of AoRTic TraNscathetER Valves Trial (version

3.2) (protocol for the PARTNER trial). February 2009.

12. Mohr F. The German aortic valve registry [Oral presentation]. 40th Annual Meeting of the German

Society for Thoracic and Cardiovascular Surgery. Stuttgart, Febr 16th, 2011.

13. Stafford N. German agency refuses to rule on drug's benefits until Pfizer discloses all trial results.

BMJ 2009;338:b2521.

14. Institute for Quality and Efficiency in Health Care (IQWIG). [Bupropion, mirtazapine, and reboxetine

in the treatment of depression: final report; commission A05-20C.][German], 2009.

15. Wieseler B, McGauran N, Kaiser T. Finding studies on reboxetine: a tale of hide and seek. BMJ

2010;341:c4942.

16. Eyding D, Lelgemann M, Grouven U, Harter M, Kromp M, Kaiser T, et al. Reboxetine for acute

treatment of major depression: systematic review and meta-analysis of published and

unpublished placebo and selective serotonin reuptake inhibitor controlled trials. BMJ

2010;341:c4737.

17. Lehman R, Loder E. Missing clinical trial data. BMJ 2012;344:d8158.

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Supplements

The PARTNER trial is an open-label, randomised study sponsored by Edward Lifesciences and was

conducted in 25 centres: 21 in the US, 3 in Canada and 1 in Germany. High-risk patients with

symptomatic severe aortic stenosis who were candidates for surgical aortic valve replacement were

eligible to participate in the study. After screening, they were stratified into two groups (Figure 4):1 2

1. Cohort A included high-risk patients with an estimated operative mortality risk of at

least 10% by the STS scorea, or at least 15% due to other severe problems not

included in the STS score.

2. Cohort B included patients considered as inoperable by at least two heart surgeons

either due to anatomical factors (thoracic wall malformation, repeated previous

thoracic surgeries, significant aortic calcification – so-called porcelain aorta, sequelae

of radiotherapy) or due to concomitant severe medical conditions.

Figure 4: The PARTNER trial design

AVR: surgical aortic valve replacement; TA: transapical; TAVI: transcatheter aortic valve implantation; TF: transfemoral.

Cohort A of the TAVI group was composed of a transfemoral (TF) subgroup and a transapical (TA) subgroup. Only the

transfemoral approach was used in cohort B.

Thereafter, the patients underwent a second stratification by whether or not it was technically possible

in the patient in question to gain access to the heart with the necessary catheters through a femoral

artery.

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1. Cohort A patients were randomised to transfemoral or transapical TAVI depending on

whether or not transfemoral access was possible versus the classical surgical

treatment (aortic valve replacement - AVR). In the analysis of the primary endpoint of

the trial (all-cause mortality), both TAVI variants together were compared with

surgery.

2. Cohort B patients with the possibility of a transfemoral access were randomised to

transfemoral TAVI versus a standard therapy which, in addition to medication,

generally involved balloon aortic valvuloplasty, a technique where the narrowed

aortic valve is dilated with a balloon. The study sponsor opted not to include cohort B

patients without a transfemoral access in the study, though this was originally asked

by the FDA.

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According to the study protocol,11

quality of life was also measured with the EQ-5D questionnaire that

allows mapping of health status to population-level utility weights. This is an important metric for cost-

effectiveness analysis. No further information is provided on the mapping of the health states to utility

weights. The EQ-5D results are not published. These data were requested directly from the study

sponsor and provided in Table 3.

Table 3: EQ-5D values for inoperable patients.

EQ-5D Utilities TAVI Standard therapy

Baseline 0.59 + 0.23 0.57 + 0.23

1 month 0.71 + 0.23 0.64 + 0.22

6 months 0.72 + 0.26 0.66 + 0.24

12 months 0.72 + 0.24 0.62 + 0.23

Source: information provided by the study sponsor.

These variables were modeled as beta distributions with the same mean and standard deviation.

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The percentage of observed events after 30 days and one year in high-risk operable and inoperable

patients of the PARTNER trial (Table 4) are used in the economic model.

Table 4: Overview of events.

Event High-risk operable

patients

Inoperable

patients

TAVI AVR TAVI Standard

Repeat hospitalization

30 days 4.4% 3.7% 5.6% 10.1%

1 year 18.2% 15.5% 22.3% 44.1%

Major stroke

30 days 3.8% 2.1% 5.0% 1.1%

1 year 5.1% 2.4% 7.8% 3.9%

Minor stroke

30 days 0.9% 0.3% 1.7% 0.6%

1 year 0.9% 0.7% 2.2% 0.6%

TIA

30 days 0.9% 0.3% 0% 0%

1 year 2.3% 1.5% 0.6% 0%

Repeat TAVI

30 days 1.7%

1 year 1.7%

Aortic-valve replacement

30 days 0% 1.7%

1 year 1.1% 9.5%

Valvuloplasty

30 days 63.7%

1 year 83.8%

Source: High-risk operable patients: Smith et al.,2 Inoperable patients: Leon et al.

1

Remark: results were not published for the Continued Access trial and could not be included in the model.

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Based on the results in high-risk operable patients of the PARTNER trial, the incremental effects of TAVI

in comparison with AVR are on average 0.03 (95%CI -0.01 – 0.07) quality-adjusted life-years (QALYs). In

combination with substantial incremental costs (on average €20,397; 95%CI 18,278 - 22,617), this

results in relatively very high ICERs of about €750,000 per QALY. This contrast between minimal gains

and substantial expenses is also shown on the cost-effectiveness plane (Figure 5). The cost-effectiveness

acceptability curve (Figure 5) indicates that a willingness-to-pay for a QALY gained of more than

€750,000 is needed to have about 50% chance the intervention is considered cost-effective.

Figure 5: Cost-effectiveness plane (top) and cost-effectiveness acceptability curve (bottom) for TAVI in high-risk operable

patients.

The green curve on the cost-effectiveness plane is the 95% confidence ellipse.

€ 0

€ 5.000

€ 10.000

€ 15.000

€ 20.000

€ 25.000

€ 30.000

€ 35.000

€ 40.000

€ 45.000

€ 50.000

-0,05 0,00 0,05 0,10 0,15

Incr

em

en

tal c

ost

Incremental effect (QALY gained)

TAVI cohort A

0

0,1

0,2

0,3

0,4

0,5

0,6

0,7

0,8

0,9

1

€ 0 € 200.000 € 400.000 € 600.000 € 800.000 € 1.000.000

Pro

ba

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of

be

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co

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ffe

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Willingness to pay threshold (per QALY, in euro)

AVR

TAVI

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Only including results of the pivotal trial, without taking into account the conflicting mortality results of

the smaller Continued Access trial results in a more favorable ICER of €37,400 per QALY gained (Table 5).

Since detailed information was only available for the pivotal trial, sensitivity analyses are based on this

analysis. Together with the other scenarios, the base case scenario (mortality pivotal trial + Continued

Access) is presented on the tornado graph (Figure 6).

Table 5: Incremental costs, incremental effects and incremental cost-effectiveness ratio for inoperable patients (based on

combined and pivotal trial results).

Inoperable

patients

Combined Pivotal

IC €33,243 €34,590

€27,452 €37,773 €29,881 €38,631

IE (LYG) 0.88 1.16

0.39 1.41 0.65 1.75

IE (QALY) 0.74 0.92

-0.44 1.69 -0.29 1.90

ICER (€/LYG) €42,647 €31,856

€23,655 €86,311 €20,259 €51,554

ICER (€/QALY)a €44,932 €37,432

IC: incremental cost; ICER: incremental cost-effectiveness ratio; IE: incremental effect; LYG: life-year gained; QALY:

quality-adjusted life-year.

a: The probabilistic average and 95%CI are mentioned where appropriate. This approach is not reliable in case the

simulated ICERs are spread over several quadrants of the cost-effectiveness plane. As an alternative (in italics), in

these cases, the presented ICERs are calculated by dividing the mean incremental cost by the mean incremental

benefit.

Figure 6: Tornado graph one-way sensitivity analyses for inoperable patients (based on data from the pivotal PARTNER trial).

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As noted by FDA, there are limited data beyond 2 years from the PARTNER trial and the long-term

mortality benefit of the SAPIEN remains unclear. The shape of the survival curve indicates that the

survival benefit might reduce after two years (Figure 7). Long-term follow-up is needed to further

evaluate this.

Figure 7: Published survival curves for inoperable patients (top: Leon et al.1; bottom: FDA analysis

4)

€35600

€29100

€26500

€40400

€41800

€42000

€44900

€42300

€71600

€0 €20.000 €40.000 €60.000 €80.000 €100.000

Inclusion of other events

Unadjusted TAVI cost

Discount rate

mortality pivotal trial + continued access

TAVI device cost

(non-)technical inoperable patients

3-year time horizon

ICER (€/QALY)

Sce

na

rio

an

aly

ses

€29100

€35600

€26500

€42000

€40400

€41800

€42300

€44900

€71600

€0 €20.000 €40.000 €60.000 €80.000 €100.000

TAVI device cost

Discount rate

Inclusion of other events

Unadjusted TAVI cost

(non-)technical inoperable patients

mortality pivotal trial + continued access

3-year time horizon

ICER (€/QALY)

Sce

na

rio

an

aly

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