TY - JOUR
T1 - Impact of fast-track regulatory designations on strategic commercialization decisions for autologous cell therapies
AU - Lam, Ching
AU - Meinert, Edward
AU - Yang, Aidong
AU - Cui, Zhanfeng
PY - 2022/3
Y1 - 2022/3
N2 - Background: Regulatory authorities around the world have introduced incentives to improve the speed-to-market of innovative therapies. Aim & methods: To better understand the capacity and portfolio planning decisions of autologous cell therapies and particularly the impact of fast-tracking designations, this paper describes a mixed-integer linear programming approach for the optimization of capacity investment and portfolio selection decisions to maximize the net present value of a candidate portfolio of therapies under different regulatory programs. Results: The illustrative example shows that fast-track designations allow a 25% earlier breakeven, 42–86% higher net present value over a 20-year horizon with earlier upfront capital and reduce the portfolio’s sensitivity to uncertainties. Conclusion: Fast-track designations are effective in providing commercialization incentives, but high capital risks given the compressed timeline should be better considered.
AB - Background: Regulatory authorities around the world have introduced incentives to improve the speed-to-market of innovative therapies. Aim & methods: To better understand the capacity and portfolio planning decisions of autologous cell therapies and particularly the impact of fast-tracking designations, this paper describes a mixed-integer linear programming approach for the optimization of capacity investment and portfolio selection decisions to maximize the net present value of a candidate portfolio of therapies under different regulatory programs. Results: The illustrative example shows that fast-track designations allow a 25% earlier breakeven, 42–86% higher net present value over a 20-year horizon with earlier upfront capital and reduce the portfolio’s sensitivity to uncertainties. Conclusion: Fast-track designations are effective in providing commercialization incentives, but high capital risks given the compressed timeline should be better considered.
UR - https://pearl.plymouth.ac.uk/context/nm-research/article/1332/viewcontent/Autologous_cell_therapy_commercialisation__RevC_.pdf
U2 - 10.2217/rme-2021-0061
DO - 10.2217/rme-2021-0061
M3 - Article
SN - 1746-0751
VL - 17
SP - 155
EP - 174
JO - Regenerative Medicine
JF - Regenerative Medicine
IS - 3
ER -