11 –14 years. $800 mil. Is the average cost of R&D for a new drug to put on market for a pharmaceutical company. 70% of the R&D money goes to clinical trials.
Can wireless technology totally reshape the land?
Several series of wireless health monitoring device and systems are already on market. More are on the cue of FDA approval. They are – so far – all designed for individual patient use in hospitals and clinics.
Can we use then in clinical trials? I have been amazed by the thought. Phase III and IV clinical trials usually need to recruit hundreds to thousands of volunteer patients, monitor hundreds of health parameters including safety and drug efficacy, for a duration of several years. It should be a BIIIIIIIIIIIIIG development opportunity.
Picture this: clinical trial volunteers will no longer make frequent visits to the clinical trials sites and stay there for days, sometimes weeks. With devices brought back to home, all patients need to do is to wear the devices, take the pills, periodically drip some blood or urine samples to the device, and that’s all! All these can be done at home! With these done, data are transmitted directly to the Electronic Data Capture (EDC) service of the clinical trial, then data analysis services.
Further, with the proper monitoring system, in case any routine activity is missing – or certain data collection is missing, the clinical trial center may issue a (automatic?) phone call to remind the patients to take the drug, or take the measurements or tests.
Major human mistakes, that have been haunting the clinical trial workers all the time, will be gone! Missing data problems mostly gone! Difficulties in recruiting volunteers significantly reduced. Patient visits may be greatly reduced to only for important personal interact or only when complicated lab tests need to be done. Huge costs gone!
I googled for “wireless clinical trial”. Majority are the physician’s or companies collection for wireless data. At last I found one. A marketing analysis report talking about exactly what I have been thinking. Can$ 2650. If you are a developer seeking for new opportunity I fully believe its worthiness.
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