Pharmaceutical Clinical Trials: Average cost to develop one new drug in 2012 was $1.3 BILLIONNeurology Clinical Trials: Average Phase I Neurology trial costs about $9,000 per patient per month
Oncology Clinical Trials: Adult Clinical Trial participation rate is 3%
Government Sponsored Clinical Trials: On average 4,012 hours (range of 1,512 to 13,319 hours) were required for a government sponsored trial.
Clinical trials are not the efficient, money savers, time savers, product pushing, or progressive system we expected. It is clear that there are a lot of obstacles: participation and enrollment, logistics, and cost to name a few. Let’s let the infographic below speak for itself:
CaptureProof is reducing barriers of participation for study enrollees. It offers Clinical Trial sponsors and sponsor-investigators the tools to increase patient compliance, decrease costs and increase patient satisfaction. Through our secure photo and video platform, CaptureProof, has the ability for cut out inefficiencies.
As seen in the infographic above, specifically in these oncology studies – some patients are required to make over 11 visits over 175 days. Depending on the type of study – the number of visits to the study site can be higher. But what if the study subjects could just submit a photo or video instead of coming in to the office or even to enhance the quality of information for the clinician?
Think of how many people’s busy schedules prevent them from participating in a study. But give them the option to replace some of their visits with an easy snap and share on CaptureProof — and this opens up a much wider pool of subjects who can participate.
And what about the study sponsors and sponsor-investigators? How are they benefiting? Well there are the obvious cost-savings, from saved time and resources — from fewer study subject visits needed for the study. But what about the burden of managing hundreds if not thousands of photos and/or video created by the clinical trial – which CaptureProof does automatically when new images are uploaded. More images, organized in a chronological fashion gives the trial coordinator clear data points to work with.
Cost and time savings, and let’s not forget about the creation of more robust study — are just a few of the benefits in using CaptureProof to organize photos and video for clinical trials.
Read more here:
- http://www.forbes.com/sites/henrymiller/2014/08/13/we-need-improved-clinical-trial-designs-to-lower-development-costs-and-yield-more-new-drugs/
- http://www.pharmaceutical-technology.com/features/featurethe-numbers-game-boosting-clinical-trial-enrolment-4171654/
- http://www.manhattan-institute.org/html/fda_05.htm
- http://jco.ascopubs.org/content/21/22/4145.full.pdf
#ClinicalTrials #CaptureProof #Infographic #Pharmaceutical #Neurology #Oncology