Archive for September 13, 2016
Clinical trials are extremely important in the medical field in order to develop new, more effective treatments for existing conditions. During a clinical trial, there is an active control (comparator drug) and/or a placebo, that are administered comparatively with the experimental drug. However, comparator drug sourcing is difficult when trials take place in remote areas without direct access to the pharmaceutical supply chains.
With high pressure from patients and payers to create and market better drugs, comparator sourcing can become a hassle. One of the biggest problems that comes with drug sourcing is that companies find that the cost of comparator drug sourcing is extremely high. In order to leverage the costs, the company must be more strategic about their sourcing.
Companies should as