Assessing End of Phase 2 Decision Criteria
The objectives of the Phase 2 stage in a drug development program are often to evaluate the safety and tolerability of different doses, select a promising dose range, and look for early signs of activity (i.e., to establish proof of concept). At the end of Phase 2 (EOP2), a decision to initiate Phase 3 studies is made that involves the commitment of considerable resources. One of the key factors in this decision is the expected efficacy and the associated predicted probability of success (PoS) in Phase 3. Making a decision based upon the PoS requires decision makers to select a benchmark (or PoS criterion) for the PoS, which if achieved would enable a “go-to-Phase 3” decision. However, appropriately choosing the criterion requires knowledge of the operating characteristics associated with the decision criteria. A key operating characteristic that a funder/sponsor requires to make such a choice is to understand the predicted conditional probability of making a go decision and subsequently failing in Phase 3. In this article, we show how such risks can be informed through the use of clinical trial simulation. We also highlight through a worked example in pancreatic cancer how this simulation exercise can help to decide between different development strategies for a specific indication. Supplementary materials for this article are available online.