Clinical Trial Budget: A Guide to Smart Clinical Expense Planning

Clinical Trial Budget: A Step-by-Step Guide to Smart Clinical Expense Planning

Date & Time: 29 October 2024 from 10:00 AM to 11:30 AM (CET)

Overview

Clinical stage is the most expensive stage of drug development. The cost of clinical trials has increased by 100% over the past decade. It is natural, that it should be approached with careful planning and understanding of the rationale behind each item of the budget.

Wisely composed study budget is essential for a successful study both for contract research organizations (CRO) and pharma.

Key take-aways from this webinar:

• A complete check-list of hidden costs with the guidance where to look for them

• Real case studies on a successful budget planning

• Optimization guide: to cut or not to cut

• real world stats on the budget exceeding, matching or being below the planned budget

• Trial Design – The importance of maintaining sight of programmatic goals to avoid a “bloated” program

• How to stay on Track without deviation?

Presenters:

Dr. Philip Raeth is the Managing Director of Palleos, leveraging over a decade of expertise to drive innovation in the pharmaceutical industry. Since joining the company in 2011, he has held pivotal roles in Business Development, Finance, Data Management/IT, and has extensive experience in full-service clinical trials, specifically Investigator-Initiated Trials (IIT), as well as computerized software validation. Dr. Räth holds a Ph.D. in Business Administration with a specialization in Management Information Systems. His primary interest lies in developing digitally driven strategies to clinical trials as well as current developments in AI as well as their impact on the industry.

Polina Shatrova

With a strong foundation in both linguistics and corporate management, along with professional training in financial management, Polina Shatrova has developed a dynamic career in the clinical trial industry. Beginning as a clinical trial coordinator, Polina quickly transitioned into business development within her first year in the CRO business. Over the years, she has excelled in various business development roles, leveraging her diverse skill set to drive growth and innovation. For the past four years, she has served as the Director of Budgets and Proposals, utilizing her extensive experience to lead precise cost estimation of clinical trials and proposal development for pharma and biotech industry.

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Host or Publisher EUCROF