Estimating the returns to UK publicly funded cancer-related research in terms of the net value of improved health outcomes

Table 5 IRR: one-way sensitivity analyses

Analysis	IRR, %
Base case^a	10.1
Research funding estimate
Low	10.8
High	8.7
‘Value’ of a QALY, GB£
20,000	8.0
30,000	11.7
50,000	16.1
70,000	18.9
Elapsed time, years
10	14.6
20	7.4
Attribution to UK research, %
10	6.1
25	13.0
Effect of smoking cessation
Decrease NMB by 25%	8.7
Increase NMB by 25%	11.2
Omitting benefit of smoking reduction	2.4

Abbreviations: IRR internal rate of return, NMB net monetary benefits, QALY quality adjusted life year.
^aBest estimate for research funding and net monetary benefit, QALY value of £25,000, elapsed time of 15 years, and attribution to UK research of 17%).

ISSN: 1741-7015