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

Hong Kong Hospital Authority issues Q4 drug approvals, rejects Xalkori, Victoza, and Perjeta

Published: 13 November 2014

The Hong Kong Hospital Authority reviewed 12 drugs in the fourth quarter, rejecting Pfizer (US)'s Xalkori (crizotinib), Novo Nordisk (Denmark)'s Victoza (liraglutide), and Roche (Switzerland)'s Perjeta (pertuzumab) on cost grounds.



IHS Life Sciences perspective

 

Significance

The Drug Advisory Committee of the Hong Kong Hospital Authority (HA) has issued 12 decisions on drug approvals for the fourth quarter, rejecting Xalkori (crizotinib), Victoza (liraglutide), and Perjeta (pertuzumab) on cost grounds.

Implications

The decisions also included approvals of Afinitor (everolimus) and Treanda (bendamustine) following previous rejections.

Outlook

The HA's decisions do not come with details on targeted indications for the treatments. However, the decisions underline Hong Kong's increasing scrutiny of the cost-value considerations for drugs.

The Hong Kong Hospital Authority (HA) reviewed 12 drugs in the fourth quarter. The full guidelines are available here.

Hong Kong Hospital Authority decisions (Q4)

Drug

Company

Primary reason for rejection

Submission status

Approved

Oseni (alogliptin + pioglitazone)

Takeda (Japan)

N/A

New drug / indication

Eliquis (apixaban)

Bristol-Myers Squibb/Pfizer (US)

N/A

Re-submission

Treanda (bendamustine)

Lundbeck (Denmark)

N/A

Re-submission

Afinitor (everolimus)

Novartis (Switzerland)

N/A

Re-submission

Relvar Ellipta (fluticasone + vilanterol)

GlaxoSmithKline (UK)

N/A

New drug / indication

Emend IV (fosaprepitant)

Merck & Co (US)

N/A

New drug / indication

Seebri Breezhaler (glycopyrronium bromide)

Novartis (Switzerland)

N/A

New drug / indication

Rejected

Alutard SQ

ALK Abelló (Denmark)

Insufficient evidence to demonstrate its clinical benefits

New drug / indication

Loceryl (amorolfine)

Galderma (France)

Alternative(s) available

New drug / indication

Xalkori (crizotinib)

Pfizer (US)

The justification of the treatment's cost in relation to its benefits is insufficient

Re-submission

Victoza (liraglutide)

Novo Nordisk (Denmark)

Significant cost difference versus existing treatment

Re-submission

Perjeta (pertuzumab)

Roche (Switzerland)

The justification of the treatment's cost in relation to its benefits is insufficient

New drug / indication

Source: HA

Outlook and implications

Hong Kong's Hospital Authority, the city's biggest purchaser of pharmaceuticals, released approval decisions on 12 drugs for the fourth quarter, including approvals which come after several rejections.

The HA manages 41 public hospitals, 48 specialist outpatient clinics, and 75 general outpatient clinics, with increasing regulation on the pricing of pharmaceuticals. This is reflected in the HA's rejection of Xalkori and Victoza. Xalkori was originally rejected in the third quarter of last year, with the HA concluding at the time, "The justification of the treatment's cost in relation to its benefits is insufficient." Victoza was also rejected in the fourth quarter of 2012, on the grounds that there were alternative treatments available.

The sparse detail that comes with the decisions does not disclose the targeted indications with the applications. Although the HA issues and reviews guidelines on clinical practices to ensure that drug utilisation in the organisation is rational and evidence-based, its approval outcomes touch mainly on cost considerations.

The addition of Afinitor (everolimus) also comes after local breast cancer groups lobbied the HA to list the drug on its formulary, after it was approved by Hong Kong's Department of Health in March 2013. The treatment was rejected in the third quarter of 2013 due to "insufficient well-controlled/randomised studies to demonstrate its advantage over existing treatment".

The inclusion of Treanda (bendamustine) also comes after a series of rejections in the fourth quarter of 2013, the second quarter of 2012, and the fourth quarter of 2011, all on the basis of "insufficient comparative study(ies) versus existing treatment".

{"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%3d1065996926","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%3d1065996926&text=Hong+Kong+Hospital+Authority+issues+Q4+drug+approvals%2c+rejects+Xalkori%2c+Victoza%2c+and+Perjeta","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%3d1065996926","enabled":true},{"name":"email","url":"?subject=Hong Kong Hospital Authority issues Q4 drug approvals, rejects Xalkori, Victoza, and Perjeta&body=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d1065996926","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Hong+Kong+Hospital+Authority+issues+Q4+drug+approvals%2c+rejects+Xalkori%2c+Victoza%2c+and+Perjeta http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d1065996926","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