Case Study: a biopharmaceutical firm lowers clinical trial costs with Medidata Grants Manager

Lowering Clinical Trial Costs with a Trial Planning and Budgeting Application

A biopharmaceutical firm was seeking to lower the costs of its clinical trials to employ its research funding more efficiently for its development of innovative compounds. To better predict site costs and establish fair market value for a Phase IIb study, the firm turned to vendor Medidata Solutions and utilized its trial budgeting application, Medidata Grants Manager.

Using the Grants Manager application, which draws on a database of industry cost benchmarks, Medidata provided the biopharmaceutical firm with a data-driven budget analysis. This allowed the sponsor to negotiate more effectively, resulting in a total savings of $356,075, which was 34% less than its original budget and enabled the firm to achieve higher efficiency in deploying its research capital.