A Tutorial on Value-Based Adaptive Designs: Could a Value-Based Sequential 2-Arm Design Have Created More Health Economic Value for the Big CACTUS Trial?

ABSTRACT

OBJECTIVES: Value-based trials aim to maximize the expected net benefit by balancing technology adoption decisions and clinical trial costs. Adaptive trials offer additional efficiency. This article provides guidance on determining whether a value-based sequential design is the best option for an adaptive 2-arm trial, illustrated through a case study. METHODS: We outlined 4 steps for the value-based sequential approach. The case study re-evaluates the Big CACTUS trial design using pilot trial data and a model-based health economic analysis. Expected net benefit is computed for (1) original fixed design, (2) value-based design with fixed sample size, and (3) optimal value-based sequential design with adaptive stopping. We compare pretrial modeling with the actual Big CACTUS trial results. RESULTS: Over 10 years, the adoption decision would affect approximately 215 378 patients. Pretrial modeling shows that the expected net benefit minus costs are (1) £102 million for the original fixed design, (2) £107 million (+5.3% higher) for the value-based design with optimal fixed sample size, and (3) £109 million (+6.7% higher) for the optimal value-based sequential design with maximum sample size of 435 per arm. Post hoc analysis using actual Big CACTUS trial data indicates that the value-adaptive trial with a maximum sample size of 95 participant pairs would not have stopped early. Bootstrap simulations reveal a 9.76% probability of early completion with n = 95 pairs compared with 31.50% with n = 435 pairs. CONCLUSIONS: The 4-step approach to value-based sequential 2-arm design with adaptive stopping was successfully implemented. Further application of value-based adaptive approaches could be useful to assess the efficiency of alternative study designs.