The Committee discussed the updated analysis from the manufacturer and the exploratory reanalysis by the ERG for people who had received two or more prior therapies. The Committee concluded that the changes to the len/dex curve, utilities and costs had been implemented appropriately. The Committee noted that the variable that had the greatest impact on cost effectiveness was the method of calibrating the dexamethasone overall survival curve in the economic model (that is, to the predicted median or mean survival for the trial population) from the risk equation for survival derived from the MRC trials. The Committee noted that the data from the MRC trials were complete, with most participants having reached the outcome of interest (that is, there was very little censoring of the data), and that in such a situation the mean was a better estimate of average survival. It considered that, since the mean overall survival was used in the calculations of cost effectiveness, calibrating the overall survival predicted by the MRC data calibration model to the mean was more representative of the costs and benefits for this population. In addition, the Committee noted that when median survival was used to calibrate the survival curve, the improvement in overall survival predicted by the model was out of proportion to the observed improvement in progression-free survival from the lenalidomide trials. This relationship between the progression-free survival and overall survival from the lenalidomide trials was, however, maintained when calibrating the overall survival curve in the dexamethasone arm to the mean survival predicted from the MRC trials. The Committee understood that the choice between the use of mean or median survival was a scientific judgement, but concluded that for the purposes of decision-making in this situation, the ICER estimates from using the mean were most appropriate.