Clinical trials are a very expensive affair. Conducting a study is becoming increasingly pricey, with the rapidly rising costs and complicated site selection process. To put the statement in perspective, a completed clinical trial costs anywhere between $44 million and $115 million on average!
Site selection is a significant aspect of clinical trials as it is the first step after the sponsors/CROs decide on conducting a trial. The outcome and success of the trials also depends on the selection of the site, which directly impacts the patient recruitment for the study. But several inefficiencies and challenges associated with the site selection make it a painstaking process for the sponsors and CROs. It costs around $50000 per trial to open an investigator site on average and even then, 11% of sites fail to recruit at least one patient!
This is precisely why there is a need for best practices for site selection in clinical trials. Without implementing any such practices, the trial will be chaotic, and the results will prove costly for the sponsors and CROs. Swipe through the carousel below to understand the best practices for site selection.
Site Selection: Bane of Efficient Clinical Trials
Get insights into clinical trial site selection and influence of patient recruitment in identifying ideal site for the study.