The Committee noted that in the manufacturer's base-case analysis, which included the patient access scheme, ustekinumab had an ICER of £29,600 per QALY gained compared with supportive care, and an ICER of £27,100 per QALY gained compared with etanercept 25 mg given intermittently. The Committee was mindful that this analysis assumed that the cost of intermittent etanercept was 88% of the cost of continuous etanercept. The Committee also noted that the manufacturer's analysis suggested that ustekinumab was less costly and more effective than adalimumab. However, it was aware that revised estimates for the efficacy of adalimumab had been provided during consultation on the ACD, and the resulting ICERs suggested that ustekinumab was not a cost-effective alternative to adalimumab. The Committee considered that the differences in incremental costs and QALYs between all treatments were small, and that this was particularly the case when considering ustekinumab and adalimumab. This meant that these ICERS were very sensitive to small changes in either costs or QALYs and therefore did not represent stable estimates of cost effectiveness. Therefore the Committee concluded that no robust differences in cost effectiveness between adalimumab and ustekinumab had been shown.