Independent Market Access and Reimbursement Risk Assessment.

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Exdensur / depemokimab for treating Severe Eosinophilic Asthma

As of February 2026, MARA’s assessment finds Exdensur / Depemokimab’s reimbursement risk concentrated in cost effectiveness, with evidence quality and robustness a strength; the current MARA Rating and full rationale are available in the report.

The assessment also weighs resource use and cost implications: what the drug adds to, or removes from, the wider bill beyond its own price — administration, monitoring, hospital time. The strength recorded in evidence quality and robustness carries weight because that domain asks how solid the underlying evidence is on its own terms — trial design, size and endpoints — before any question of price is reached.

Respiratory

This rating sits within MARA’s Respiratory coverage, alongside 10 other independently assessed treatments in the same area.

What payers will ask

Is the clinical benefit the kind payers reward? — Clinical effectiveness

Depemokimab demonstrated moderate clinical effectiveness in reducing the annualized rate of clinically significant asthma exacerbations in two pivotal Phase 3 trials (SWIFT-1 and SWIFT-2), with statistically significant results (rate ratios of 0.42 and 0.52, both p<0.001). However, the lack of significant improvements in lung function (FEV1) and asthma control (ACQ-5) limits the perceived benefit.

Does the economic case hold at the expected price? — Cost effectiveness

No cost-effectiveness analyses or ICERs specific to depemokimab were identified in the publicly available sources. The absence of economic evaluations raises significant concerns regarding its cost-effectiveness, especially as NICE’s appraisal is still in development.

Is there quality-of-life evidence payers weigh? — Quality of life

While the ACQ-5 was used to assess asthma control, the reported responder rates were similar between depemokimab and placebo, indicating no significant improvement in HRQoL. Additionally, no utility values suitable for QALY calculations were identified, which further limits the assessment of quality of life impacts.

Does the safety profile hold up for payers? — Safety and Adverse Effects

The safety profile of depemokimab appears favorable, with a pooled analysis showing fewer serious adverse events compared to placebo (5% vs 10%) and no fatal AEs reported. Most adverse events were mild to moderate, indicating good tolerability.

Was the drug compared against what payers expect? — Comparator Selection

The pivotal trials used placebo as a comparator, which is standard for establishing efficacy. However, the lack of head-to-head comparisons against other biologics limits the ability to assess relative effectiveness in the context of existing treatments.

Is the population defined the way payers need it? — Patient Population and Subgroups

The trial populations were well-defined, focusing on patients with severe eosinophilic asthma. However, the representation of adolescents was limited, and detailed subgroup analyses were not extensively reported, which could affect generalizability.

Does the drug fit how care is delivered and paid for? — Care Pathway Integration

Depemokimab is positioned as an add-on therapy to existing asthma treatments, aligning well with current care pathways. The dosing regimen (every 26 weeks) is manageable within existing frameworks, although specific training requirements for administration were noted.

Are the wider system costs understood? — Resource Use and Cost Implications

While the dosing frequency and storage requirements are manageable, no specific cost data were available, and the potential for high resource use remains a concern without clear economic evaluations.

Would the evidence survive payer scrutiny? — Evidence Quality and Robustness

The evidence is based on two replicate Phase 3 trials with robust designs and clear primary endpoints. However, the absence of long-term data and real-world evidence limits the overall robustness of the findings.

How exposed is the case to uncertainty? — Uncertainty, Sensitivity, and Broader Impacts

There are significant uncertainties regarding the long-term effectiveness and cost-effectiveness of depemokimab, particularly due to the lack of real-world data and economic evaluations. The potential for access issues based on payer criteria also raises concerns.

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