The Real Cost of Clinical Trials

It’s no mystery that it costs pharmaceutical companies a very pretty penny to conduct research with the hope of getting investigational drugs approved. From drug development to site selection to protocol adherence, a sponsor invests millions and even billions of dollars to bring a drug to market.

The Importance of Patient Adherence

And this investment hinges on keeping patients enrolled for the full duration of the trial. To better understand how important it is to keep each and every patient engaged from start to finish, it is clear that by the numbers, patient adherence and retention should be a high priority.

At Praxis, we work hard to make connections that matter in our approach to patient recruitment for important clinical trials. We connect specialized tools with our team’s talent, sophisticated data with our insight, and patients with hope. This is how we create recruitment programs that thrive.

Key Factors in Clinical Trial Investment

• Drug Development: Investigational research to get drugs approved.
• Site Selection: Critical part of the infrastructure and protocol adherence.
• Patient Retention: Keeping patients engaged for the full duration of the trial to protect the investment of millions and even billions of dollars.