HAUPPAUGE, N.Y., March 15, 2019 /PRNewswire/ -- Not all successful trials require a large budget. It's still possible to run a high-quality clinical trial in a cost-effective manner from clinical operations costs to data management and biostatistics. Clinical trial recruitment company, Clinical Trial Media, explain how small budget clinical trials can still see success.
Adopt the right tech and standards. The clinical trial industry tends to be slow to adopt emerging technology and standards. Put the time and effort into pursuing and integrating the optimal technology into your clinical study, rather than just rushing to get it out there. Rushing through a study can lead to messy data that can require the entire trial to be redone in some cases. Even if you don't end up in that extremity, the hours of work it takes to go back and clean up data can be detrimental to your trial. It's always best to do things right the first time to avoid any issues at trial completion.
Set up data standards early on. The term "big data" is thrown around a lot nowadays. The trick with big data is making it meaningful data. We have data available from all types of sources from smartphones to purchasing habits. Building standards and categories early on can save a huge amount of time and money in the long run. Data analysts crave neat, categorized data to make their jobs easier and more efficient. Retrofitting data from several sources can be extremely difficult and time-consuming. Forcing data into categories and numerical ordering up front may seem like more work, but it is really only 5-10% of what it would take to reconcile data at the conclusion of a trial, even if there were minimal errors.
Utilize predictive analytics and adaptive study design. Adaptive clinical trials gained popularity in the mid-1990s. These studies make adjustments to the clinical trial depending on the data coming in. Consider using historical data for the disease you're studying or previous data from a similar clinical trial that was run in the past. Data analysts can utilize that information to make informed predictions about what they think will happen in certain scenarios in the clinical trial. This type of predictive analytics and adaptive study can save your trial money in the long run.
When starting your next clinical trial, don't get too hung up on the numbers. Consider utilizing some of the concepts above to ensure that a smaller budget doesn't inhibit your clinical trial from seeing success.
About CTM: CTM Clinical Trial Recruitment Agency, is a global patient recruitment and retention firm that provides customized product and service offerings to maximize your study's enrollment potential. With our flexible solutions, superior customer service and vast clinical trial experience around the world, Clinical Trial Media is your global enrollment connection.
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SOURCE Clinical Trial Media