FDA Expands Real-World Evidence Framework to Accelerate Drug Approvals and Support Regulatory Decisions
- The FDA launched a comprehensive Real-World Evidence Program in December 2018 under the 21st Century Cures Act, allowing RWE to support drug approvals for new indications and population expansions.
- Real-world evidence studies cost significantly less than randomized controlled trials, with postmarket cardiovascular outcomes trials for diabetes drugs costing around $250 million compared to much lower RWE study costs.
- Electronic health record adoption has dramatically increased from 31% of hospitals in 2003 to 99% currently, and from 11% of office-based doctors in 2006 to 90% in 2017, creating vast new data sources for RWE generation.
- The biopharmaceutical industry must establish rigorous standards for regulatory-grade data quality, standardized definitions, and new statistical models to ensure broader RWE implementation and regulatory acceptance.