The cost of clinical trials is rising exponentially. The Tufts Centre for the Study of Drug Development has published data that indicates the average cost to develop and secure marketing approval for a new drug now exceeds $2.5 billion.
Although the new industry model of outsourcing, in the form of Contract research Organisations, is seen as a step in the right direction, the cost of recruiting and retaining patients is still a major challenge.
The question that many are asking is: ‘Are Clinical Trials a Waste of Time and Money?’ The Center for Information and Study on Clinical Research Participation is a not for profit organisation. It recently release a very powerful video that answers just that question Clinical Trials are a Waste of Time and Money – Are They?