At ISPOR 2025 in Montreal, our team at Value Analytics Labs—in collaboration with Takeda Pharmaceuticals—presented groundbreaking research on the use of generative AI in health economics. Our study explored a frontier application: using large language models to replicate published cost-effectiveness models.

Value Analytics Labs made a remarkable impact at ISPOR Europe 2024, the premier event in Health Economics and Outcomes Research (HEOR). Our team showcased a series of groundbreaking presentations, highlighting our expertise and innovative approaches in leveraging Generative AI to advance HEOR methodologies.

In the first part of this series, we explored the transformative power of generative AI in Health Economics and Outcomes Research (HEOR) and Market Access (MA), highlighting practical applications and demonstrations from our recent workshop at Harvard. Now, let's dive deeper into the advanced AI skills discussed, the challenges identified, and the key takeaways that point toward the future of AI in our field.