Institute for Clinical and Economic Review

Institute for Clinical and Economic Review

Independent reviews of health care value

Overview

ICER is an independent, non-profit research organization that assesses health care interventions such as drugs, treatments, and diagnostic tests. It reviews evidence on benefits and risks and uses value frameworks to judge value and suggest fair prices. It collaborates with patients, clinicians, and other stakeholders to identify barriers to access and recommend solutions for fair access to care. Its goal is to help decision-makers determine value and promote affordable, accessible health care.

About Institute for Clinical and Economic Review

Simplify's Rating
Why Institute for Clinical and Economic Review is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consulting

Healthcare

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

2006

Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion to hypertension treatments March 2026 broadens therapeutic coverage and pharma relevance.
  • October 2025 price-access report on 154 FDA agents provides benchmarking for market entry.
  • International collaboration growth leverages 2019 value-based pricing methods beyond U.S. market.

What critics are saying

  • Aging Research condemns cost-effectiveness analyses as discriminatory against elderly, eroding credibility.
  • Pharma industry retaliation over 2019 price-hike exposures threatens funding and payer influence.
  • CMS adoption of ICER models risks lawsuits from patient advocacy groups for ageism.

What makes Institute for Clinical and Economic Review unique

  • Only independent U.S. health technology assessment body evaluating drug value systematically.
  • Scientific Advice offering launched 2026 enables earlier pharma engagement on trial design.
  • Rigorous bias detection methodology creates differentiation opportunity for transparent study protocols.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

401(k) Retirement Plan

Remote Work Options

Company News

BioSpace
Jun 28th, 2024
Icer Doubles Down On Critique Of Lykos’ Mdma Therapy, Cites Data Concerns

Pictured: Gloved hand holding a white pill/iStock, Ward DeWittAn independent drug pricing watchdog on Thursday concluded that there is not enough evidence to support Lykos Therapeutics’ MDMA-based treatment for post-traumatic stress disorder—and that the proposed regimen cannot be compared with other psychotherapies.The Institute for Clinical and Economic Review (ICER) in a final report flagged “substantial concerns” with the “validity” of the data that Lykos used to support its drug application for an investigational MDMA-assisted psychotherapy (MDMA-AP) for patients with post-traumatic stress disorder (PTSD).ICER pointed out that Lykos’ trials were “essentially, unblinded, with nearly all patients who received MDMA correctly identifying that they were in the MDMA arm of the trials.” The watchdog also cited multiple experts who said that those who were involved in the trials—participants, therapists and investigators—harbored “very strong beliefs” about the benefits of MDMA-AP, which further exacerbated the concerns of bias.There were also instances of patients having been “encouraged” by study therapists to provide favorable reports of MDMA-AP while some therapists also “discouraged negative reports,” according to ICER.The watchdog also found that there were not enough publicly available data to comprehensively assess the frequency of misreporting, participant beliefs and bias. This led the ICER to conclude that there is currently “insufficient” evidence backing MDMA-AP, and that the available data are also not enough to compare Lykos’ proposed regimen with other psychotherapies.ICER’s final report on Thursday comes after Lykos suffered an overwhelming defeat in front of the FDA’s Psychopharmacologic Drugs Advisory Committee earlier this month. Voting 10-1, the panel of external experts agreed that even with a strict risk evaluation and mitigation strategy, MDMA-AP’s benefits do not outweigh its risks.The advisory committee voted 9-2 that Lykos did not provide enough data to support the efficacy of its proposed regimen in PTSD. A consumer representative, who sat on the panel and voted against Lykos, also raised concerns about “selection bias, the functional unblinding” and the “potential for some misconduct and manipulating the trial results.”ICER also held its own virtual public meeting to assess Lykos’ MDMA-AP. The majority of its panelists agreed that the biotech’s evidence was “not adequate” to illustrate a “net health benefit” for the proposed treatment regimen.Centered on a popular psychedelic called 3,4-methylenedioxymethamphetamine, commonly known as ecstasy, Lykos’ MDMA-AP combines the psychoactive drug with psychotherapy and supportive mental health services for the treatment of PTSD.The company’s drug application, which the FDA accepted in February 2024, is backed by data from several studies including the Phase III MAPP1 and MAPP2 trials. Late-stage evidence showed that MDMA-AP could significantly ease PTSD symptom burden in patients, while also providing significant functional improvements.The FDA’s target decision date is set for Aug

BioSpace
Jun 27th, 2024
Verona Wins Fda Approval For Copd Drug, Eyes Q3 Launch With $1B Financing For Rollout

Pictured: Doctor looking at an x-ray image of lungs/iStock, gorodenkoffThe FDA on Wednesday approved Verona Pharma’s ensifentrine—which will now carry the brand name Ohtuvayre—for the maintenance treatment of chronic obstructive pulmonary disease in adults.Ohtuvayre is the first inhaled chronic obstructive pulmonary disease (COPD) treatment using a new mechanism of action in more than 20 years, according to Verona. The drug, a selective dual inhibitor of the PDE3 and four enzymes, elicits both bronchodilator and non-steroidal anti-inflammatory effects. Ohtuvayre is delivered via a jet nebulizer and works directly on the lungs.Verona CEO David Zaccardelli in a statement called Ohtuvayre’s approval a “significant advance in COPD care,” claiming that the drug has the capability to “change the treatment paradigm for COPD.” The company expects to launch the COPD drug in the third quarter of 2024, “ensuring Ohtuvayre is available to help the millions of patients who still experience daily COPD symptoms,” Zaccardelli said.The biotech is “fully staffed” for the launch of Ohtuvayre and can tap an “exclusive network of accredited specialty pharmacies,” according to Verona. Prior to the approval, Verona secured around $1 billion in financing to help with the drug’s rollout. In January 2024, the biotech signed a $400 million debt financing facility from Oxford Finance and Hercules Capital, which it supplemented with up to $650 million in funding in May 2024, courtesy of Oaktree Capital Management and OMERS Life Sciences .Verona has yet to disclose the pricing of Ohtuvayre. In May 2024, the Institute for Clinical and Economic Review found that the drug would satisfy common cost-effectiveness thresholds with an annual cost of $7,500 to $12,700.Wednesday’s approval is backed by data from the Phase III ENHANCE-1 and ENHANCE-2 studies

BioSpace
Jun 3rd, 2024
Lykos’ Mdma-Assisted Therapy Faces Landmark Adcomm

Pictured: A prescription bottle over a groovy neuro background/ Nicole Bean for BioSpaceOn Tuesday, an FDA advisory committee will meet to discuss the relative merits of Lykos Therapeutics’ psychedelic-assisted therapy for post-traumatic stress disorder—the first therapeutic for PTSD to undergo FDA scrutiny in this century.The recommendation of the FDA’s Psychopharmacologic Drugs Advisory Committee is non-binding and will be considered by the FDA on August 11, when it completes its New Drug Application evaluation.An approval of MDMA (3,4-methylenedioxymethamphetamine)— perhaps better known as ecstasy—to treat PTSD is expected to send major vibrations through the mental health community. The repercussions will affect not only treatment but research and are likely to spill over to other emerging psychedelic-assisted therapies.“MDMA was developed in 1912 but didn’t really start to gain use in psychiatric practice until the 1970s and 1980s,” Sam Clark, CEO of Terran Biosciences, which is also developing psychedelic therapies, told BioSpace. “Then [in 1985] it was placed on a list of Schedule I drugs,” defined by the Drug Enforcement Administration as “drugs with no currently accepted medical use and the high potential for abuse.”Research all but stopped until the 1990s when the FDA approved a clinical trial for pain relief in terminal patients. Lykos, then called MAPS Public Benefit Company, began investigating MDMA and “pushed it forward with a number of groundbreaking studies,” Clark said.After completing Lykos’ Phase III trial, he said, “Around 70% of the patients no longer met the criteria for PTSD. That’s a big impact for patients!” Independent studies reported meaningful benefits and durations of up to 12 months.“Given the data, I think [FDA approval] is highly likely,” Doug Drysdale, CEO of Cybin, another player in the psychedelics space, told BioSpace.A High Unmet NeedThe impact is so significant that the Veterans Administration is funding psychedelic studies throughout the U.S. for the first time since the 1960s

BioSpace
May 16th, 2024
Icer Finds ‘Substantial Uncertainties’ In Lykos’ Mdma Trials Ahead Of Adcomm

Pictured: Concept art showing a broken head figure/iStock, designer491Due to concerns of study bias, the Institute for Clinical and Economic Review on Tuesday said in a draft report that it is unable to accurately assess the net benefit of Lykos Therapeutics’ investigational MDMA-assisted therapy in post-traumatic stress disorder.The drug price watchdog said that investigators, study therapists and patients held “very strong prior beliefs” about MDMA, which could have affected the recording of harms and benefits of the investigational treatment. The trial therapists and some of its participants were “pulled heavily” from a community interested in the use of psychedelics for psychological benefits, according to the Institute for Clinical and Economic Review (ICER) draft report.These sentiments about psychedelics “lead the community to engage with them more like a religious movement than pharmaceutical products,” ICER’s draft report concluded, noting that these feelings were not only common among participants but were also sometimes “inculcated in patients participating in the trials.”ICER said it also had been informed of “pressures” to keep the result of Lykos’ trials “favorable.” Some participants felt that they were pushed to report only the good outcomes while suppressing bad results. ICER cited first-hand and second-hand accounts of “extremely severe negative outcomes” which some trial therapists said were proof of appropriate treatment response.“Some patients were prevented from entering the long-term follow-up study and felt this was done to keep these negative outcomes out of the data set,” according to ICER.The watchdog also pointed out that Lykos’ trials were “essentially, unblinded” because the psychedelic effects of MDMA allowed the patients to determine if they were given the active treatment or the control. The MDMA treatment was correctly identified by “nearly all patients” who received it.In response to ICER’s findings, Lykos said in a public comment folio that it was “disappointed” by the draft report, noting that the watchdog “discounts the significant unmet medical need for patients living with” post-traumatic stress disorder (PTSD).ICER “relies on a limited number of stakeholder perspectives, and focuses on areas squarely within the FDA’s purview on the evaluation of safety and efficacy of drugs,” according to Lykos.ICER’s draft report comes as Lykos gears up for an FDA Psychopharmacologic Drugs Advisory Committee meeting set for June 4, 2024. The panel of external experts will discuss Lykos’ application to use the psychedelic compound MDMA as a treatment for adults with PTSD, when used in conjunction with psychotherapy and other supportive mental health interventions.Tristan Manalac is an independent science writer based in Metro Manila, Philippines. Reach out to him on LinkedIn or email him at [email protected] or [email protected]

BioSpace
Jan 9th, 2024
Gene Therapy Approvals Expected To Ramp Up In 2024 Amid Manufacturing, Cost Challenges

Pictured: Gene therapy concept: iStock, Ilya Lukichev2023 was a breakthrough year for cell and gene therapies, with seven FDA approvals in the U.S. and one in the European Union, according to the Alliance for Regenerative Medicine. Looking to 2024, the Washington, D.C.–based advocacy organization predicted on Monday in its annual Cell Gene State of the Industry Briefing that the sector could see up to 17 approvals in the U.S. and EU.Regulators in the U.S. gave the greenlight in 2023 to five gene therapies for rare genetic diseases and in 2024 could see an additional five approved by the FDA, as well as the first-ever approval of adoptive cell therapy for solid tumors and the first U.S. approval of an allogeneic T-cell therapy.Other notable milestones expected in 2024 include additional therapies to treat hemophilia A and hemophilia B and dystrophic epidermolysis bullosa

Recently Posted Jobs

Sign up to get curated job recommendations

Institute for Clinical and Economic Review is Hiring for 1 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →