Independent Market Access and Reimbursement Risk Assessment.

Built by former payers, HTA reviewers, and Industry Experts. 

LYNAVOY / Linerixibat for Cholestatic Pruritus in Primary Biliary Cholangitis

As of August 2026, MARA’s assessment finds LYNAVOY / Linerixibat’s reimbursement risk concentrated in safety and adverse effects, with quality of life a strength; the current MARA Rating and full rationale are available in the report.

The assessment also weighs evidence quality and robustness: how solid the underlying evidence is on its own terms — trial design, size and endpoints — before any question of price is reached. The strength recorded in quality of life carries weight because that domain asks whether the trial benefit shows up in patients’ daily lives, not only in the clinical endpoints.

Hepatology

This rating sits within MARA’s Hepatology coverage, alongside 4 other independently assessed treatments in the same area.

What payers will ask

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

The GLISTEN trial provides high-quality randomized evidence of incremental efficacy versus placebo with a statistically significant difference in itch score. However, the magnitude of the effect is modest, and there is no evidence of superiority over active standard-of-care treatments.

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

No peer-reviewed cost-utility analysis, QALY estimate, or ICER for linerixibat was identified. Therefore, cost-effectiveness cannot be assessed.

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

The trial demonstrated statistically significant improvements in itch-related sleep interference. However, no treatment-specific EQ-5D utility gain or QALY-ready incremental utility estimate was identified.

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

Diarrhea occurred in 62% of patients, with other adverse events leading to a higher discontinuation rate compared to placebo. The safety profile is concerning due to frequent gastrointestinal adverse effects.

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

The trial used placebo rather than an active comparator, which limits the ability to assess comparative efficacy against standard-of-care treatments.

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

The trial population was representative of adults with moderate-to-severe PBC-associated pruritus, but there are gaps in subgroup analyses and representativeness for excluded populations.

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

Linerixibat does not require new diagnostic tests and fits into existing care pathways, but requires monitoring for liver tests and vitamin deficiencies.

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

No budget-impact or resource information is presented, and no direct medical costs or cost savings from avoided events are reported.

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

The evidence is based on a single pivotal phase 3 trial with limitations in long-term data and lack of independent replication. The overall clinical evidence body was judged low certainty by the 2026 draft AGA/AASLD GRADE assessment.

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

There is high uncertainty regarding the long-term effect, comparative efficacy, and economic value. No economic sensitivity analysis can be evaluated due to the absence of a public ICER model.
This rating replaces the earlier April 2026 rating of the same drug and indication — still on the record here.

Be alerted when this rating changes:

Sample two-page MARA Rating report for the fictional drug Samplinib: the rating with its decision record, and the ten graded payer questions with the reasoning behind each
Every MARA rating is delivered as a two-page reasoned report (sample, fictional product) — see it in full
Full Legal Disclaimer and Usage Terms

The MARA Rating® is an independent opinion of a drug’s market access pharma risk profile and is provided for informational purposes only—not as investment, medical, legal or any other type of advice. See our full disclaimer here.