Why You Need CTMS Software For Success

By | July 28, 2019

Why You Need CTMS Software For Success

Clinical trials are a long and expensive process, and that’s not even including the repercussions of when delays and failures occur.

According to MedicineNet, for a single drug to go from the laboratory to on the market it can take an average of 12 years.

Unfortunately, that’s not even the worst of it!

The average cost of clinical trials for a single drug is approximately $19 million. On top of that, for every day a trial is delayed, sponsors spend $37,000 and can lose up to $8 million in revenue!

Traditional methods to manage clinical trials just simply do not work with the increasing demand for high efficiency and effectiveness. Especially with how drastic what’s at stake as you can see above.

Implementing a Clinical Trial Management System (CTMS) enables you to more efficiently manage all aspects of the trials for the drugs your company has worked so hard on.

Below, we have created an infographic displaying why an advanced CTMS is so essential for success!

Implementing a Clinical Trial Management System (CTMS) enables you to more efficiently manage all aspects of the trials for the drugs your company has worked so hard on.

If you have any additional comments or any questions, please leave them in the section below!

Also, if you’d like to learn about our CMTS software based on Microsoft technology, you can contact us here for free!

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