Article | May 25, 2017

The Cloud: Speeding Drug Delivery

Source: Oracle Health Sciences
The Cloud: Speeding Drug Delivery

Clinical trials play an essential role in the drug development process by effectively demonstrating the efficacy and safety of a pharmaceutical compound. Current estimates show, however, that only about 1 out of every 10 drugs that actually start the clinical trials process are eventually approved by the FDA to go to market. In addition, according to PhRMA, the U.S. pharmaceutical industry’s advocacy group, it costs $1.3 billion (the cost of clinical trials being the bulk of this cost) to bring a new drug to market with time invested into a single project totaling up to 12 years. The traditional drug discovery process is incredibly inefficient, complex, bureaucratic and, above all else, expensive.