Similar to board members overseeing top corporations, sponsors guide clinical trials toward successful outcomes. The best performing operations have committed leaders who keep the end goal in mind. Likewise, a sponsor’s oversight is critical to investigational drug development.
According to the Food and Drug Administration (FDA), clinical trial sponsors may be “an individual who both initiates and conducts an investigation, and under whose immediate direction the investigational drug is administered or dispensed.” It is important to note that a sponsor does not actually work directly with volunteers or conduct medical research.
Sponsor’s key responsibilities include:
According to the U.S. National Library of Medicine, clinical trial sponsors may be:
Additionally, physicians, professors, or researchers may also choose to sponsor a clinical study. These individuals are also known as sponsor-investigators, as they personally conduct research and gather data.
Sponsors help secure the budget necessary for a clinical trial by facilitating grants and soliciting investor contributions. Additionally, the costs associated with a given trial may range depending on the following variables:
At OCRC, we pride ourselves on the policies we put into place to keep everyone safe — both our staff and study volunteers. OCRC recognizes the importance of timely start-up and thorough documentation processing from initial contact through completion. Our streamlined and thorough planning, coordination and monitoring process ensures both efficiency and exacting quality.
We offer a variety of clinical trials and research studies in our state-of-the-art clinical research facility. All study volunteers receive all treatments and medical care related to the trial. Additionally, participants may receive compensation for time and travel. Health insurance is also never a requirement.
If you’re interested in signing up, please tell us a little more about yourself in the Contact section of our home page and we will respond to you to determine your eligibility for current and future studies.