Clinical trial sponsors play an important role in determining the viability of a clinical study. They oversee the overall study design, facilitate funding sources and develop beneficial procedures to help guide the study towards a successful outcome.
Clinical study sponsors may either be an individual or a pharmaceutical company, charged with overseeing various tasks that are critical to the success of the study.
Some of the responsibilities of a sponsor may include:
According to the U.S. National Library of Medicine, clinical trial sponsors may include:
Sponsors help secure the budget necessary for a clinical trial by facilitating grants and soliciting investor contributions. The costs associated with a given trial may range depending on the following information:
According to Wikipedia, “the cost of a study depends on many factors, especially the number of sites conducting the study, the number of patients required, and whether the study treatment is already approved for medical use. “
OCRC sponsors and Contract research organizations, like Covalence, work hard to streamline our regulatory process, volunteer recruitment and data management capabilities. Our website explains the full nature of their specific contributions and responsibilities.
Would you like to learn more about clinical trials? We are happy to offer tours for volunteers who meet study criteria at our state-of-the-art clinic. Please tell us a little more about yourself in the Contact section of the home page and we will respond to you to determine your eligibility for current and future studies.