Optimizing the Clinical Trial Process: Strategies to Reduce Costs and Increase Quality

Introduction:

Expenditure on research and development by the pharmaceutical industry is increasing worldwide and is currently estimated to be over $45 billion a year. Within the R&D process, clinical trials form the largest single cost center for new drug development. In order to maintain profitability, companies need to take measures to improve the efficiency and effectiveness of the clinical trial process. 

Scope:

* Quantifies the expenditure on R&D by the pharmaceutical industry and assesses the impact of increasing R&D spend on total sales 

* Determines the monetary and time costs of the clinical trial process and identifies the critical drivers of these costs 

* Presents the elements of effective clinical trial design together with extensive case studies 

* Evaluates the cost of delays in subject and investigator recruitment and offers strategies for improvement 

Report Highlights:

Pharmaceutical industry expenditure on R&D is increasing at a rate greater than the number of innovative drugs generated through such investment. Considering the dry spell in the R&D pipeline, the reduction of drug development costs has become imperative. 

The responsibility of clinical trial design should be shared across disciplines within a pharmaceutical company organization. Research, marketing, clinical affairs and competitive intelligence departments should all be included. 

To ensure regulatory approval for a drug candidate, pharmaceutical companies need to increase close contact with regulatory bodies throughout the clinical trial process, particularly during the design of phase III trials. 

Reasons to Purchase:

* Understand the magnitude and scope of the current R&D productivity challenge 

* Identify the critical drivers of the monetary and time costs in clinical trials 

* Adjust your investigator and patient recruitment strategies to reduce the costs of related delays 

Publisher: Datamonitor Market and Sales Reports 

To order go to this URL: http://www.bioportfolio.com/cgi-bin/acatalog/Datamonitor_Market_and_Sales.html#a290