Clinical trials: Trials to evaluate the effectiveness and safety of medications or medical devices by monitoring their effects on large groups of people. ... Clinical research trials are sometimes lifesaving There are two main types of trials or studies - interventional and observational. Interventional trials aim to find out more about a particular intervention, or treatment. People taking part are put into different treatment groups, so that the research team can compare the results Clinical trials are important for discovering new treatments for diseases, as well as new ways to detect, diagnose, and reduce the chance of developing the disease. Clinical trials can show researchers what does and doesn't work in humans that cannot be learned in the laboratory or in animals
Clinical Trial Cost Distribution By Phase
The clinical trials cost a median of $41,117 per patient and $3,562 per patient visit. Clinical trial cost varies with the therapeutic area as well. Such data points can help in estimating and benchmarking clinical trial costs.