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When evaluating a drug’s effectiveness and side effects, typically results from clinical trials are used that compare the effects of the drug against a placebo or one or more alternative drugs. One of the challenges with this is that typically a few or numerous clinical studies are available, each with different or sometimes even conflicting results.
EpiX Analytics has helped a number of pharmaceutical firms in evaluating effectiveness, cost-effectiveness and side-effects of select drugs. Monte Carlo simulation, Markov Chain Monte Carlo and meta-analytical techniques were used in different studies, all of which were presented at scientific conferences or published in peer-reviewed journals.
Three examples of these drug effectiveness and adverse event studies performed by EpiX Analytics include: