RESEARCH TRIANGLE PARK, NC--(Marketwire - September 30, 2008) - Conducting clinical trials in
India is an average of 44% less expensive than conducting US-based trials,
according survey data. A new study by pharmaceutical business intelligence
leader Cutting Edge Information, "Streamlining Clinical Trials," finds that
the average clinical trial costs pharmaceutical companies $125 million in
the US compared to $70 million in India, on average.
The report explores other reasons that companies outsource clinical trials
as well -- cost savings is only one of many factors that help determine
trial location. Other challenges in the US, such as patient recruitment
and retention, have spurred companies to look for solutions outside of the
US. In addition to India, other countries including Russia, China, and
Brazil are all prime locations for clinical trials, in part due to improved
trial conditions in those countries.
David Richardson, project leader of the study said, "While cost levels of
developing new drugs continue to rise in most geographic areas, companies
are conducting clinical trials in India in order to conserve resources."
A complimentary brochure is available for download at
http://cuttingedgeinfo.com/clinicaltrialbenchmarking/index.htm#body.
The report covers resource allocation, performance measurement, continuous
process improvement, patient and investigator recruitment and adaptive
trial designs. Data include clinical development budgets, clinical
operations team structures and staffing levels, performance measurement and
management, clinical operations hurdles and process improvement tools and
tactics. CEI also draws comparisons to its studies in 2006 and 2004 to
show clinical development trends.
The report consists of 500+ metrics and detailed case studies to assist
clinical development executives and clinical operations team members in
accelerating trials. It focuses on three aspects:
-- Patient Recruitment: Patient recruitment continues to dominate
clinical timelines and budgets. The report devotes an entire chapter to
this challenge, providing the latest trends and tools in recruitment.
-- Budgeting and Performance Assessments: Clinical project managers must
set clear performance expectations and measure and manage trials. The
report provides clinical spending benchmarks to assist in trial budgeting
and planning.
-- Clinical Operations Structure and Work Flow: Clinical trial management
team members must know their roles and responsibilities, and communication
with vendors and investigators must be seamless. The report outlines major
obstacles clinical teams face and presents real-company, proven solutions.
Contact Information: CONTACT INFORMATION:
David Richardson
919-433-0216