Insights Blog

The Future of Clinical Research: Introduction

Posted on Mar 6, 2017 10:16:37 AM

This post introduces a series based on the Complion webinar,  The Future of the Clinical Research Industry, as presented by John Neal, CEO of PCRS Network. In that webinar, John explores a variety of factors that are driving the evolution of clinical research.

No human endeavor is immune to change, and that is certainly true for clinical research. John Neal, CEO of PCRS Network spent a year talking to sponsors, management, and other people in various roles in clinical research in an effort to identify the factors that are shaping the future of clinical research. And while the views vary, one factor looms above all others.

“There’s a consensus that the system is broken,” says John. “It’s not sustainable.” It all comes down to money. According to John’s research, the average cost to take a drug from discovery through approval is $1.5 billion. And the cost isn’t dropping.

“Every indication is that without change, that number’s going to continue to increase,” John says. That is especially true for larger pharmaceutical companies that are testing multiple drugs trying to bring multiple products to market. Some of those drugs don’t make it, which raises the average cost of the drugs that do make it to market. “As an industry we need to change,” John says, “and there are plenty of things that are going to drive that change.”

Among those factors are increased patient involvement, pushback from Medicare and other payers on drug prices, greater collaboration on what John calls “real world protocols,” and, of course, technological innovation.

This series will examine these future factors and how they will shape the industry.

Continue reading the next post: "The Future of Clinical Research: Technology"

Access the full on-demand webcast, “Predictions: The Future of Clinical Research,” featuring John Neal, CEO of PCRS Network.

Topics: Clinical Research Trends

Lisa Bozza Archer

Written by Lisa Bozza Archer

As a former Clinical Research Associate with one of the largest CROs, Lisa obtained a strong foundation in clinical research and therapeutic areas ranging from Neurology, Rheumatology, Endocrinology to Oncology. She also gained additional exposure to site operations while working in the Compliance Office of an Academic Medical Center, where she helped support investigators with regulatory and research tasks. These experiences provide her keen insight, both to the needs and the daily experiences of Complion's clients. As an Account Manager of Complion's Customer Success Team, Lisa regularly engages with clients to promote successful adoption and utilization of the Complion System. She actively educates and promotes awareness of Complion’s solution to clients and the research community. She also enthusiastically advocates for sites by leading Complion's initiative to provide free educational webinars to the research community. Lisa shares the Complion team’s intrinsic motivation to reduce the burden on research sites, while increasing efficiency and compliance throughout the industry.

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