PowerPoint Presentation Calcipotriene plus betamethasone dipropionate (0.005%/0.064%) foam and apremilast: matching-adjusted indirect comparison and US cost per responder analyses Martin Erik Nyeland, PhD1, Lidia Becla, MSc1, Dharm S. Patel, PhD2, Karen A. Veverka, PhD2, Andrine R. Swensen, PhD2 1LEO Pharma A/S, Ballerup, Denmark; 2LEO Pharma Inc., Madison, New Jersey Background Results Conclusions Methodology Acknowledgements References  New and effective topical treatments and systemic treatments with improved safety for the treatment of plaque psoriasis have blurred the distinction among treatment options, particularly for patients who may be considered for either topical treatment or non-biologic systemic treatment present with a broad range of symptoms and factors.  Calcipotriene and betamethasone dipropionate 0.005%/0.064%) foam is a fixed-combination, once-daily topical treatment for adult patients with plaque psoriasis.1  Apremilast is a twice-daily oral treatment for patients with moderate to severe plaque psoriasis who are candidates for phototherapy or systemic therapy.2  Despite overlap in studied populations, head-to-head clinical trials and comparative analyses have not been conducted between Cal/BD foam and apremilast. Study Design (Figure 1)  Matching-adjusted indirect comparisons (MAICs) use individual patient data (IPD) from trials of one treatment to match baseline summary statistics reported from trials of another treatment to compare treatment outcomes across a balanced patient population.3  Published clinical trials with sufficiently similar populations and outcomes to support indirect comparisons were identified for Cal/BD foam and apremilast.  Priority baseline variables for matching included disease severity (Psoriasis Area and Severity Index, PASI, or body surface area, BSA), quality of life, demographics, duration of psoriasis, body mass index, and history of topical treatment.  MAIC analysis was conducted between Cal/BD foam and apremilast4 and associated economic evaluation through US cost per responder analysis. Figure 1. Methodology of MAIC analysis of Cal/BD foam and apremilast4  Weighted analyses of response rate variables PGA and PASI 75 were conducted with IPD from pooled Cal/BD foam trials and aggregated results from the other treatment study using a logistic model and 95% confidence intervals (CIs)  Sensitivity analyses were completed to investigate results by comparison to phase 3 PSO-ABLE Cal/BD trial data from Week 4 and Week 12. Statistical Analysis Exclusion Criteria for Comparator Trials:  Mean PASI or mean BSA ≥15 [suitability range 3-15] to ensure comparability between Cal/BD foam and apremilast study populations with moderate disease  Combination therapy treatment approaches due to difficulty in isolating effect of one treatment  No efficacy measures available limiting any comparative effectiveness comparisons  No baseline demographics and/or disease characteristics available preventing adequate matching of study populations  Time points of efficacy measures not specified limiting comparative efficacy comparisons Inclusion Criteria for Comparator Trials:  Apremilast had to be studied, over time either retrospectively or prospectively  Manuscript languages: English, Danish, Swedish or Norwegian  Apremilast investigated for plaque psoriasis Comparator Trial Used in MAIC:  Based on inclusion and exclusion criteria, and overlap of studied populations, only one study of apremilast (UNVEIL9) met the criteria and was included in the MAIC analysis (Table 1)  This analysis used matching-adjusted indirect comparison to balance study populations in terms of baseline characteristics in a comparative efficacy and cost per responder evaluation.  Results demonstrate that Cal/BD foam has higher PGA 0/1 and PASI-75 response rates and a lower cost per PASI-75 responder in the US than apremilast in adult patients with moderate plaque psoriasis. Table 2. sPGA 0/1 efficacy response rates calculated via MAIC between Cal/BD foam and apremilast.4  After matching study populations, 52.7% of patients treated with Cal/BD foam achieved sPGA 0/1 at week 4 vs. 30.4% treated with apremilast at week 16 (p<0.001). Table 3. PASI75 efficacy response rates calculated via MAIC between Cal/BD foam and apremilast.4 Poster presented at the Fall Clinical Dermatology Conference, Las Vegas, Nevada, October 18-21th, 2018 Figure 2. Average Cost Per PASI-75 Responder for Cal/BD foam and apremilast based on the MAIC analysis.  In the US, cost per PASI-75 response Cal/BD foam is $3,770, and is lower than cost per response for apremilast ($66,671). This study was sponsored by LEO Pharma. Table 4. Economic evaluation of Cal/BD foam for 4 weeks and apremilast for 16 weeks for treatment of moderate plaque psoriasis through a cost per PASI-75 responder analysis. Objective Conduct a matching-adjusted indirect comparison (MAIC) analysis to compare individual patient data from available study populations for Cal/BD foam with aggregate patient characteristics and treatment outcomes from published efficacy assessments of apremilast in adult patients with moderate plaque psoriasis. Potential matching variable (priority) Pooled data 5-8 UNVEIL9 Treatment Cal/BD foam Apremilast Study design Randomized, double-blind controlled study Phase IV randomized study Dosing QD 30 mg BID N 749​ 148 Sex, male (%) 470 (62.8%)​ 74 (50.0%) mean Age (SD) 51.4 (14.1)​ 48.6 (15.4) mean BMI (SD) 31.2 (7.2)​ 30.5 (7.4) mean BSA (SD) 7.3 (6.1)​ 7.2 (1.6) Years of psoriasis (SD) 16.8 (14.0)​ 17.5 (13.9) mean PASI (SD) 7.3 (4.6)​ 8.2 (4.0) mean DLQI (SD) - 11.0 (6.5) BSA X PGA (SD) 21.9 (20.5)​ 21.8 (5.3) Prev. topical treatment, yes 637 (85.1%) 122 (82.4%) Prev. syst treatment, yes 233 (31.1%) - Table 1. Identification of Cal/BD foam and apremilast trials for MAIC analysis4 Pooled data5-8 UNVEIL9 Treatment Cal/BD foam Apremilast Before re-weighting After reweighting Effective sample size, n 748 640 148 BMI 31.2 30.5 30.5 PASI 7.3 8.2 8.2 Previous topical treatment 85.1% 82.4% 82.4% PGA 0/1 responder, % (95% CI) 56.4% (51.9%; 60.9%) 52.7% (44.9%; 60.4%) 30.4% (23.6%; 38.2%) P-value (t-test) p<0.001 Pooled data5-8 UNVEIL9 Treatment Cal/BD foam Apremilast Before re-weighting After reweighting Effective sample size, n 748 651 148 Age 51.3 48.6 48.6 BMI 31.2 30.5 30.5 Previous topical treatment 85.1% 82.4% 82.4% PASI-75 responder, % (95% CI) 51.4% (51.2%, 51.5%) 51.1% (50.5%, 51.7%) 21.6% (15.8%, 28.9%) P-value (t-test) p<0.001  After matching study populations, 51.1% of patients treated with Cal/BD foam achieved PASI-75 at week 4 vs. 21.6% treated with apremilast at week 16 (p<0.001). PASI 75 Treatment period[weeks] Consumption per treatment period Pack cost # Units per Pack Unit Unit per pack Price per Unit Cal/BD foam 51.1% 4 117.1 g* $987.09 $1974.18 1 2 60 g 60 g x 2 60-120 g $16.45 per g Apremilast 21.6% 16 6570 mg** $1012.5 - 3939.71 27-60 10-30 mg 690- 1800 mg $2.19 per mg Data Source MAIC (Table 2) Approved FDA indication *4 pooled Cal/BD studies **FDA indication Analysource®, accessed April 2018 (third party provider of WAC pricing data)  Cost per responder analysis was conducted based on the regimens approved by the FDA using US drug pricing. o Apremilast dosing per treatment - 6570 mg over 16 weeks2 o Cal/BD foam dosing per treatment - average consumption data in 4 phase II/III trials5-8; 117.1 g over 4 weeks  Cost per treatment period was calculated by multiplying the drug WAC per unit dose (mg or g, respectively) with total dosing (apremilast) or average consumption (Cal/BD foam) over treatment period.  Cost per PASI-75 Responder was calculated by multiplying cost per treatment period by proportion of patients achieving PASI-75, as calculated in the MAIC analysis4. Limitations  Comparative safety analyses and associated economic impact were not conducted.  WAC prices do not reflect manufacturer rebates, are not reflective of actual spend, and are dated for April 2018.  Time to response difference between Cal/BD foam (4 weeks) and apremilast (16 weeks) precluded use of the same treatment time horizon.  Analyses based on clinical trials may not be generalizable to the real world.  Imbalance in sample size exists due to applicable publications on comparator, and may not be fully addressed by methodology.  Additional head-to-head research should be conducted to confirm the comparative efficacy findings. 1. Enstilar® Foam [package insert]. Madison, NJ: LEO Pharma Inc. 2. Otezla® tablets [package insert]. Summit, NJ: Celgene Corporation. 3. Signorovitch,JE, Sikirica V, Erder MH, et al. Value in Health. 2012;12:940-947. 4. Bewley AA, et al. Eur Acad Dermatol Venereol Annual Congress 2018. P1927. 5. Paul C et al. J Eur Acad Dermatol Venereol. 2017;31(1):119-126 6. Leonardi C et al. J Drugs Dermatol. 2015;14(12):1468-1477 7. Lebwohl M, et al. J Am Acad Dermatol. 2015; 72 (5 Suppl 1): AB222 8. Koo J et al. J Dermatol Treat. 2016;27(2);120-127 9. Strober B, et al. J Drugs Dermatol. 2017;16(8):801-808. BMI, body mass index; BSA, body surface area; PASI, psoriasis area and severity index; DLQI, dermatology life quality index; PGA, physician’s global assessment; QD, once daily; BID, twice daily Slide Number 1