Strategic Clinical Trial Outsourcing Could Save Pharma Industry Billions, Experts Say
- Clinical trial outsourcing could help address the $5 billion annual cost of unnecessary trial procedures in the pharmaceutical industry, offering potential savings in time and resources.
- Key outsourcing challenges include contracting delays, vendor comparison difficulties, and interest alignment, with preferred vendor systems emerging as a potential solution.
- Emerging markets present unique opportunities for clinical trial outsourcing but require careful navigation of cultural differences, data standards, and regulatory requirements.