Beliefs about treatment effect based on the benchmark alone
Assumptions behind the benchmark-calibrated prior
- Parametric class: two-component normal mixture centred at the null effect and the TPP
- Key input: a separate estimate of the historical efficacy success rate of similar programs across Phase 2–3 development
- Calibration: the mixture weight is chosen so that the Prior Predictive PoS (PPoS) through a standard trial series matches this historical estimate