Real-world evidence is poised to play a growing role in drug development during the next three years, but the availability and cost of acquiring data remain key challenges, according to a recently completed study conducted by the Tufts Center for the Study of Drug Development.
Large pharmaceutical, biotechnology and CROs plan to increase internal staff dedicated to collection and analysis of real world data by 25% between now and 2020, according to a survey conducted by Tufts CSDD.
"Drug developers are utilizing real-world evidence across a number of areas, including assessing the economic value of products, gaining insight into drug safety and effectiveness, and evaluating quality of life outcomes," said Mary Jo Lamberti, Ph.D., senior research fellow at Tufts CSDD and lead investigator on the study. "While the cost and effort to integrate data sources, and then convincing regulators and payers of the validity of that evidence, pose hurdles to expanded use of real-world evidence, developers are confident that emerging technologies will help them address those issues."
Real-world evidence (RWE) is data collected from sources outside of randomized controlled clinical trials and can include data from electronic health information, social media and mobile and wearable devices.
Study results were reported in the November/December Tufts CSDD Impact Report. The study also found that: