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European Pharmaceutical Contractor
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Two of the biggest challenges facing the pharmaceutical industry are the rising costs of clinical trials and the increasing time it takes for a drug to be delivered to market. On average, drug products now take 6.7 years to trial, an increase of over four years per trial since the 1960s, with the average trial costing between £1.5 million and £10 million.
Traditional drug trials generate huge amounts of administration and paperwork. According to Hybrid 4, a specialist in developing patient data collection software and integration, one small drug trial in the UK can generate up to 38 tons of paper. With 216 clinical drug trials taking place between 2000 and 2001, this represents, at a minimum, 8,000 tons of paper.
There is currently much discussion about the length of clinical trials and our society is all too aware that cures for debilitating diseases take years, often decades, to be developed or discovered. Changes and advances in technology, and particularly in wireless technology, offer a safe and effective method of revolutionising the industry by helping to speed up the trial process.
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