Addressing Ever-Rising Cost in Conducting Clinical Trials [Infographic]

Updated: The infographic was replaced on 12-Feb.

Xcellerate(R) Clinical Trial Optimization(R)If you are a procurement or operations professional responsible for delivering successful clinical trials, you will be under constant pressure to keep your budgets in check and meet study deadlines, to ensure your company’s drugs make it to market before the competition.

As you know, it costs on average $50K to activate a single site, regardless of its final performance. Some ‘waste’ may be inevitable but a recent study from Cutting Edge Information* showed that, between 2008 and 2011, per-patient clinical trial costs rose by an alarming 70%.  46% of this increase is attributed to patient enrollment: some sites never manage to enroll a single patient; even worse, others wait for a long time and eventually recruit one patient but still have to expend resources and supplies until the patient completes the study or withdraws. Continue reading