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By BIO-IT World
Estimating the costs of clinical trials — and the price of paper — is difficult. That's because a trial may have one patient or 10,000. But Fast Track Systems of San Mateo, Calif., has some of the best data in the industry, acquired directly from major companies sponsoring clinical trials.
Once the facts from many companies have been aggregated, the Fast Track databases and applications are used by trial sponsors to manage costs and bargain with clinical sites. These figures are an estimate of the trial-related costs of one drug, tested in 35 clinical trials and submitted to the FDA for approval. Fast Track does not specifically analyze EDC, but several of these expenses could be affected by more efficient capture, cleaning, and management of clinical data.
Investigator fees
4,000 patients @ $6,000/patient
$24,000,000
Project management
35 projects over 7 years
$12,100,000
Site setup, monitoring, and closing
400 sites x 20 visits x $1,500/visit
$12,000,000
Case report forms
400,000 forms to enter, clean @ $10/page
$4,000,000
Lab tests
4,000 patients x 6 visits x $80/visit
$1,900,000
Site management
400 sites managed for 1 year each @ $4,250/site
$1,700,000
Study protocols, statistical analysis
$2,700,000
Total Cost = $58,400,000
Source: Fast Track Systems
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