Advanced Therapies Europe 2020

29TH - 30TH SEPTEMBER 2020


Advanced Therapies: Cost-effective but unaffordable?

Advanced Therapies: Cost-effective but unaffordable?

Episode Three of the Phacilitate Leaders World Super Plenary sessions with Michael Meyers, Head of Investment Banking at T.R. Winston & Company

"Most people's lifetime earnings do not reach the price of Kymriah"

Anthony Davies (otherwise known as our industry’s answer to Jeremy Paxman) probes Michael Meyers, Head of Investment Banking at T.R. Winston & Company, about how the astonishing prices of advanced therapies are going to be paid for and how risk should be responsibly managed.


Assuming quality-adjusted life years are sufficient, what approaches will be feasible and effective? Michael outlines his three ideas:

  • The capital market, private sector and public sector need to work together – a combination of a structured financial approach that will be attractive to pension funds, hedge funds etc.; forming risk pools amongst different payers and a government backstop
  • Value-based pricing – what if the next advanced therapy is not curative, what is the impact and value? If a treatment can take a young boy from DMD to BMD, while it’s not curative it is a huge advance
  • Reinsurance – there are companies that reinsure risk from catastrophic risk to manufacturing sites and other property

    Michael and Anthony go on to discuss amortised payments, securitisation of risk and jedi mind tricks…

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  • Real thinking forward combining experts in the field from manufacturing, regulatory and value vision” – “great network with strong experience and sharing risks & opportunities
    Jean-Philippe Combal
    GenSight Biologics
  • The conference consistently proves to be a great forum for networking with industry leaders in the development of cellular and gene therapies as well as vendors for important technologies and services.
    Michael Covington
    Juno Therapeutics, Inc
  • It was a very interesting event as all participants, including speakers were ready to exchange, even on the most challenging subjects such as reimbursement, GMP guidance
    Bertrand Alexandre
  • Phacilitate EU delivered it's promise and more, the topics discussed were highly relevant, with very good and professional speakers and panelists. You will see me next year in Berlin.
    Dr Ohad Karnieli
    Karnieli Ltd