Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

My Logins

All Customer Logins
S&P Global S&P Global Marketplace
Explore S&P Global

  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
Close
Discover more about S&P Global’s offerings
Investor Relations
  • Investor Relations Overview
  • Investor Presentations
  • Investor Fact Book
  • News Releases
  • Quarterly Earnings
  • SEC Filings & Reports
  • Executive Committee
  • Corporate Governance
  • Merger Information
  • Stock & Dividends
  • Shareholder Services
  • Contact Investor Relations
Languages
  • English
  • 中文
  • 日本語
  • 한국어
  • Português
  • Español
  • ไทย
About
  • About Us
  • Contact Us
  • Email Subscription Center
  • Media Center
  • Glossary
Product Login
S&P Global S&P Global Market Intelligence Market Intelligence
  • Who We Serve
  • Solutions
  • News & Insights
  • Events
  • Product Login
  • Request Follow Up
  •  
    • Academia
    • Commercial Banking
    • Corporations
     
    • Government & Regulatory Agencies
    • Insurance
    • Investment & Global Banking
     
    • Investment Management
    • Private Equity
    • Professional Services
  • WORKFLOW SOLUTIONS
    • Capital Formation
    • Credit & Risk Solutions
    • Data & Distribution
    • Economics & Country Risk
    • Sustainability
    • Financial Technology
     
    • Issuer & IR Solutions
    • Lending Solutions
    • Post-Trade Processing
    • Private Markets
    • Risk, Compliance, & Reporting
    • Supply Chain
    PRODUCTS
    • S&P Capital IQ Pro
    • S&P Global Marketplace
    • China Credit Analytics
    • Climate Credit Analytics
    • Credit Analytics
    • RatingsDirect ®
    • RatingsXpress ®
    • 451 Research
    See More S&P Global Solutions
     
    • Capital Access
    • Corporate Actions
    • KY3P ®
    • EDM
    • PMI™
    • BD Corporate
    • Bond Pricing
    • ChartIQ
  • CONTENT
    • Latest Headlines
    • Special Features
    • Blog
    • Research
    • Videos
    • Infographics
    • Newsletters
    • Client Case Studies
    PODCASTS
    • The Decisive
    • IR in Focus
    • Masters of Risk
    • MediaTalk
    • Next in Tech
    • The Pipeline: M&A and IPO Insights
    • Private Markets 360°
    • Street Talk
    SEE ALL EPISODES
    SECTOR-SPECIFIC INSIGHTS
    • Differentiated Data
    • Banking & Insurance
    • Energy
    • Maritime, Trade, & Supply Chain
    • Metals & Mining
    • Technology, Media, & Telecoms
    • Investment Research
    • Sector Coverage
    • Consulting & Advisory Services
    More ways we can help
    NEWS & RESEARCH TOPICS
    • Credit & Risk
    • Economics & Country Risk
    • Financial Services
    • Generative AI
    • Maritime & Trade
    • M&A
    • Private Markets
    • Sustainability & Climate
    • Technology
    See More
    • All Events
    • In-Person
    • Webinars
    • Webinar Replays
    Featured Events
    Webinar2024 Trends in Data Visualization & Analytics
    • 10/17/2024
    • Live, Online
    • 11:00 AM - 12:00 PM EDT
    In PersonInteract New York 2024
    • 10/15/2024
    • Center415, 415 5th Avenue, New York, NY
    • 10:00 -17:00 CEST
    In PersonDatacenter and Energy Innovation Summit 2024
    • 10/30/2024
    • Convene Hamilton Square, 600 14th St NW, Washington, DC 20005, US
    • 7:30 AM - 5:00 PM ET
  • PLATFORMS
    • S&P Capital IQ Pro
    • S&P Capital IQ
    • S&P Global China Credit Analytics
    • S&P Global Marketplace
    OTHER PRODUCTS
    • Credit Analytics
    • Panjiva
    • Money Market Directories
     
    • Research Online
    • 451 Research
    • RatingsDirect®
    See All Product Logins
Same-Day Analysis

NICE U-Turns on Velcade as Manufacturer Offers Refund if Bone Marrow Cancer Drug Fails

Published: 04 June 2007
In the first scheme of its kind, the cost-effectiveness drug watchdog for the National Health Service (NHS) in England and Wales has backed the use of Velcade (bortezomib), after Janssen-Cilag offered to refund the bone-marrow cancer treatment if it fails.

Global Insight Perspective

 

Significance

In a spectacular U-turn, the National Institute for Health and Clinical Excellence (NICE) has changed its mind on multiple myeloma drug Velcade after Johnson & Johnson unit Janssen-Cilag appealed and put forward a novel suggestion for a refund scheme.

Implications

Under new draft guidance issued by NICE, the NHS in England and Wales will fund Velcade as long as patients show partial or complete response to treatment. Those who do not benefit will be taken off the drug, with the cost refunded by Janssen-Cilag.

Outlook

The money-back guarantee scheme could set a precedent for many more proposals between manufacturers and NICE. Drug manufacturers such as Janssen-Cilag receive payment for patients that benefit, while the NHS frees up financial resources for other expensive treatments.

Money-Back Guarantee Scheme

The National Institute for Health and Clinical Excellence (NICE) has recommended the use and funding of Velcade (bortezomib) on the National Health Service (NHS) in England and Wales for multiple myeloma, or bone marrow cancer, as along as patients show partial or full response. Under NICE’s draft guidance, those with minimal or no response would no longer be prescribed the drug and the cost would be refunded by the manufacturer Janssen-Cilag, a unit of U.S. drug-maker Johnson & Johnson (J&J).

Velcade monotherapy has been recommended as an alternative to treat progressive multiple myeloma in patients who have previously been treated with at least one therapy and who have undergone, or are not suited for, bone marrow transplantation under two specific instances (for more details see NICE’s website: www.nice.org.uk/page.aspx?o=433063).

All suitable patients will be offered the treatment, according to the consultation document published by NICE, based on an analysis of a refund scheme proposed by the drug manufacturer itself. The consultation document was generated after Janssen-Cilag’s appeal against the Institute’s initial draft guidance was upheld. As a result, NICE’s Appraisals Committee was asked to analyse the money-back deal.

The final guidance is expected in October, after the manufacturer and the Department of Health (DoH) decide whether to put the scheme into practice. These proposals are also subject to a three-week consultation. Until that date, funding of the drug will be continued to be ascertained by local health authorities on a case-by-case basis, the Institute said.

Subject to the proposals being accepted by the manufacturer, Andrew Dillon, the watchdog’s chief executive, said that the NHS would fork out when the drug ”works well, but when it doesn’t the manufacturer should bear the cost”. The chief executive also reiterated the dilemmas faced by the NHS in making sure that patients gain access to costly treatments with therapeutic potential for life-threatening diseases such as cancer.

Outlook and Implications

NICE’s spectacular change of mind comes after its initial guidance on Velcade published last year caused a major outrage. In October 2006, the watchdog’s Final Appraisal Determination (FAD) recommended against Velcade’s use as it was deemed too expensive to be cost-effective, given the proportion of patients that respond to it. Besides the manufacturer’s complaints, the turnaround came after cancer charities Myeloma UK, Cancerbackup and Leukemia CARE argued that the Institute’s initial decision was purely based on cost rather than clinical effectiveness.

The refund scheme is the first of its kind, and was put forward by Janssen Cilag because it thought NICE would refuse all patients the drug. However, the company strongly disagrees over what specific level of improvement would be needed in patients taking Velcade to trigger a payment from the NHS. J&J’s unit suggested that the NHS should only fork out when a particular serum protein showed a better than 25% reduction after four cycles of treatment, at a cost of approximately £12,000 (US$23,840). NICE has supported the idea, but suggests that the NHS should only pay when the response rate is better than 50%.

Janssen-Cilag’s proposal is significant in that it was suggested by the manufacturer itself rather than by NICE. The potential deal on Velcade, which costs about £25,000, could set a trend for other deals which would enable the NHS to get better value on drug expenditure and consequently improve its ability to fund new treatments. Dillon has even said that recent talks with other manufacturers have given signs that they are ”thinking along the same lines”.

Related Articles

  • United Kingdom: 27 July 2006: NICE Recommends Against Making Velcade Available on U.K. NHS
  • United Kingdom: 13 September 2006: Velcade, Nebilet Fail to Make SMC Grade
  • United Kingdom: 23 October 2006: NICE Confirms Rejection of Velcade for Multiple Myeloma
Related Content
  • Healthcare & Pharma Industry Analysis
{"items" : [ {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598021","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598021&text=NICE+U-Turns+on+Velcade+as+Manufacturer+Offers+Refund+if+Bone+Marrow+Cancer+Drug+Fails","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598021","enabled":true},{"name":"email","url":"?subject=NICE U-Turns on Velcade as Manufacturer Offers Refund if Bone Marrow Cancer Drug Fails&body=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598021","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=NICE+U-Turns+on+Velcade+as+Manufacturer+Offers+Refund+if+Bone+Marrow+Cancer+Drug+Fails http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598021","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
Filter Sort
  • About S&P Global Market Intelligence
  • Quality Program
  • Email Subscription Center
  • Media Center
  • Our Values
  • Investor Relations
  • Contact Customer Care & Sales
  • Careers
  • Our History
  • News Releases
  • Support by Division
  • Corporate Responsibility
  • Ventures
  • Quarterly Earnings
  • Report an Ethics Concern
  • Leadership
  • Press
  • SEC Filings & Reports
  • Office Locations
  • IOSCO ESG Rating & Data Product Statements
  • © 2025 S&P Global
  • Terms of Use
  • Cookie Notice
  • Privacy Policy
  • Disclosures
  • Do Not Sell My Personal Information