Benchmark-Calibrated Mixture Prior

Beliefs about treatment effect based on the benchmark alone

Assumptions behind the benchmark-calibrated prior

  1. Parametric class: two-component normal mixture centred at the null effect and the TPP
  2. Key input: a separate estimate of the historical efficacy success rate of similar programs across Phase 2–3 development
  3. Calibration: the mixture weight is chosen so that the Prior Predictive PoS (PPoS) through a standard trial series matches this historical estimate