Applied Clinical Trials
Clinical grant expenditures represent a major portion of the budget for later phase clinical trials. While the relative cost of conducting a clinical trial in a specific geography is not the sole driver in the decision of where to place study sites, relative costs do play a role.
Clinical grant expenditures represent a major portion of the budget for later phase clinical trials. While the relative cost of conducting a clinical trial in a specific geography is not the sole driver in the decision of where to place study sites, relative costs do play a role.
Each year, TTC reports on the relative costs of clinical grants around the world, drawing upon data in the GrantPlan database. Subscribers to this database conduct over 76% of all the commercial clinical trials.
Patient Costs in Phase II-III Trials
The data show that the United States remains the most expensive country for clinical grants, followed by the United Kingdom. Newer geographies for clinical research such as Eastern Europe, Latin America, and Asia are distinctly less expensive.
However, clinical grant costs in these newer research areas are increasing more rapidly than in North America and Europe . The United States and Western Europe (excluding the UK) have been averaging 1% to 2% annual increases. In contrast, clinical grants in the new geographies are increasing at rates over 12%.—TTC (For more information, please contact help@ttc-ilc.com)
AI in Clinical Trials: A Long, But Promising Road Ahead
May 29th 2024Stephen Pyke, chief clinical data and digital officer, Parexel, discusses how AI can be used in clinical trials to streamline operational processes, the importance of collaboration and data sharing in advancing the use of technology, and more.
Including Women of Childbearing Age in Clinical Research
March 26th 2024In recognition of International Women's Month, we're featuring this recent talk between Associate Editor Miranda Schmalfuhs and Marie Teil, Global Head of UCB’s Women of Childbearing Age Program. They speak about the specific challenges women with chronic illnesses face when accessing appropriate treatment and participating in clinical trials, UCB's Women of Childbearing Age Program and it’s most successful strategies, and much more.