Article | January 17, 2018

Clinical Trials Are Expensive. Why Does That Matter?

Source: Medrio
Clinical Trials Are Expensive. Why Does That Matter?

It’s common knowledge that clinical research is an expensive endeavor. From drug development, to compensation for staff and patients, to adoption of eClinical technology and beyond, the average medical product can run a tab ranging in the billions of dollars by the time it reaches FDA submission.(1) With costs on such a high scale, it’s no surprise that the impact on clinical research can be quite consequential. Let’s explore that impact, and how the industry can mitigate it.