In recent years the health care industry increasingly has been charged
with establishing the economic ''value'' of new pharmaceutical produc
ts. Controlled-release dosage forms have a significant potential to pr
ovide economic Value by enhancing efficacy and decreasing treatment co
sts. In this article we review basic pharmacoeconomic concepts as they
apply to controlled-release dosage forms, give an overview of strateg
ies for economic assessment of new drug therapies, summarize selected
published studies that have evaluated the cost effectiveness of contro
lled-release products, and present examples of three types of pharmaco
economic analyses that have been considered recently at ALZA Corporati
on. We conclude by noting the particular value provided by obtaining t
imely information about a product's costs, benefits and relative cost-
effectiveness from prospective clinicoeconomic studies. (C) 1997 Elsev
ier Science Ireland Ltd.