Clinical Trial Budget Challenges & Opportunities

By Catherine Click, Director, Clinical Pricing & Analysis

Accurate and effective clinical trial budgeting is an interwoven web of dependencies that require perfect alignment to enable efficiency in study start-up and avoidance of costly amendments needed to address gaps downstream.

Study start-up traditionally involves a flurry of activity across multiple stakeholders; budget creation and parameter-setting are either deprioritized or rushed out to sites. If a site receives a budget that does not align with protocol requirements, it will extend the duration of budget negotiations, defeating the purpose of expedited distribution.