Western University of Health Sciences College of Pharmacy (COP) Associate Professor Quang A. Le, PharmD, PhD, is one of three national research leaders to receive a Value Assessment Research Award of $100,000 from PhRMA Foundation.
The three grants, totaling $300,000, are the latest funding to be announced in the PhRMA Foundation’s Value Assessment Initiative, which is designed to improve patient outcomes while reducing inefficiencies in health care by better assessing the value of medicines and health care services. Through its funding, the initiative is encouraging more evidence-based research on how the true value of medicines can be accurately defined and quantified, according to a press release.
Le’s research project, titled “New Approach in Value Assessment of Health Interventions Using Doubly-Randomized Preference Trial (DRPT) Design,” will formalize methods to estimate treatment, choice, preference, and selection effects in DRPT design and evaluate these effects on health-related quality of life outcomes, with the goal of helping to enable more application of the DRPT design for assessing value of health interventions.
“My research interests center on refining existing and developing new health economic and outcomes models to improve quality of care,” Le said. “Through my research, I have focused on innovative ways that address challenges in health economics and promoted its use to make informed health care decisions.
“Our findings will be important, especially in the current U.S. health care value assessment frameworks, as it addresses the limitation in traditional RCT design and improves value assessment of health interventions by including patient preference in making treatment decisions.”
The PhRMA Foundation supports young scientists in disciplines important to the pharmaceutical industry by awarding them competitive research fellowships and grants at a critical decision point at the outset of their careers. For more than 50 years, the foundation has been helping to build a larger pool of highly-trained, top-quality scientists to help meet the growing needs of scientific and academic institutions, government, and the research-intensive pharmaceutical industry. Since its founding in 1965, it has distributed more than $90 million to support scientific research, according to its website.
Click here to read PhRMA Foundation’s full press release.