Article | November 17, 2022

How To Keep Your Clinical Trial On (Or Under) Budget

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Designing and implementing clinical trials isn’t cheap. One report submitted to the U.S. Department of Health and Human Services (HHS) found that the average cost of a Phase 1 trial was $4 million, while the average cost of a Phase 3 trial was $20 million. Considering that up to 85% of all trials experience delays, your budget can quickly balloon out of control.

There’s no way to predict all of the challenges that a trial will face, but there are steps you can take early on in the design process to trim the fat and reduce waste.

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