Three Key Drivers of Clinical Study Costs
There is a direct correlation between a small number of key variables and actual clinical study costs. To control overall study costs, which due to the current economic environment have come under increased scrutiny across the life sciences industry, we must first understand the key drivers and their impact on total study cost. Frank J. Cattie at Medidata Solutions explains that by understanding these variables, sponsors can better budget for and control the costs, reduce overall study risk, and increase performance predictability.
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