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