Definitions for "Pharmacoeconomics"
Study of the cost effectiveness of interventions such as drugs or surgical procedures.
Branch of economics that applies cost-effectiveness, cost-minimization and cost-utility analyses to compare the economics of different pharmaceutical products or to compare drug therapy to other treatments.
Study of the cost-benefit ratios of drugs with other therapies or with similar drugs, where costs include both financial and quality-of-life measures Phase I study: The first of the four phases of clinical trials, Phase I studies are designed to establish the effects of a new drug in humans. These studies are usually conducted in small numbers of healthy volunteers to determine a drug's toxicity, absorption, distribution, and metabolism.