San Francisco Chapter of the
American Statistical Association April Seminar
|
Speaker: |
Xin Zhao, Director, Clinical Statistics, J&J
Janssen Pharmaceutical R&D |
|
Time: |
April
29th, 2015 4:30-6:00pm (4:30-5:00pm
networking/refreshment; 5-6pm seminar) |
|
Location: |
Cal
State University East Bay in Hayward; SC-N 215 (North Science 215) |
|
Title: |
Evaluating
and Utilizing Probability of Success (POS) through Bayesian Techniques in
Drug Development |
Abstract:
Decision making is crucial in the
pharmaceutical/biotech industry. At each step of a drug development, we
may ask the question ÒwhatÕs the probability of success (POS)Ó. POS
quantifies the ability of a clinical trial/program to achieve a desired outcome
based on available evidence. Bayesian logic is natural to decision making
– a quantitative decision analysis based on probability inference
utilizing knowledge of prior events to predict future. Evaluating and
utilizing POS through Bayesian techniques can contribute to strategic decisions
regarding further development. In this talk we connect POS with Bayesian
concepts in drug development setting, and present case studies where Bayesian
POS evaluation can be done during decision making
process at study level, compound level, and portfolio level.
Here
is a link to the campus map:
There
is information on there about parking.