Benefits and Challenges of EDC in Clinical Trials
Clinical research is an expensive process. Research shows that the estimated cost of clinical trial phase 1, 2 and 3 in the therapeutic area would be between $1.4 and $6.6 million, $7 and $19.6 million and $11.5 and $52.9 respectively. The cumulative cost includes clinical procedural costs, administrative costs and site monitoring costs. In light…
