By Rob Wynden, VP of Technology and Engineering, goBalto
Understanding the roles of eTMF, CTMS, and study startup solutions in the clinical trials process.
Testing the safety and efficacy of new drugs is a costly and complex process for pharmaceutical organizations. A clinical trial can cost more than $1 billion and take over 10 years. The rising cost and complexity is compromising not only the profitability but also the feasibility of new drug discovery, as the cost burden can have the unwanted effect of stifling research and innovation. The pharmaceutical industry must lower these costs in order to afford bringing new life-saving drugs to the patients that need them.