Budgeting of Clinical Trials

Budgeting of Clinical Trials

Background:

The implementation of clinical trials is associated with immense costs for the performing company as the trials may be spread over long periods and it is unclear if the tested substance delivers the desired results.   

The Challenge:

To minimize the consequential insecurities and risks it is important to be as accurate as possible in the initial planning and budgeting process. Moreover keeping track of the actual cost development throughout the trial and estimating the further cost progress is of great importance.       

Our Solution:

Our application enables planners to analyze the impact of several cost drivers, such as the number of sites and patients on the total costs to optimize the trial set up. In addition the budgeting process is simplified by allowing planners to refer to actual data of comparable studies that have already been carried out.    

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