The joys of drug trials…..2 Oct 2021 19:52
I thought I’d put things in to perspective regarding drug trials and how long it takes to deliver….
1) if company gets a drug trial financed (usually in 10’s of millions), this is to fund the trial and does not represent profits
2) once funding in place a typical phase 2 or 3 trial will take 6-12m to set up.
3) there is then recruitment period - typically 12-36 months
4) then follow up - typically 12 or 24 months
5) then analysis and write up - typically 3 months
6) interim analysis is often not allowed - so you have to wait until the end of the trial
7) in total, once finding in place, then we can expect first results after about 5-7 YEARS
This just based on my experience as a PI for various non-commercial medical trials!
GLA!