When a clinical drug trial fails- and they often do- everyone loses. Patients don’t receive new treatments. Companies, investors, and hospitals see precious time, money, and resources evaporate into smoke.
“There’s nothing more expensive than a trial that doesn’t work,” said Dr. Wayne Nicholson, a Mayo Clinic anesthesiologist who often works with pharmaceutical makers. By collaborating with Centerphase Solutions Inc. of Upper Saddle River, New Jersey, the Mayo Clinic is trying to improve its chances.
MedCity News, by Thomas Lee, 2/3/2010