Reduce Risk and Accurately Forecast Results with Clinical Trials Simulator

Clinical studies account for almost half of the over one billion dollar cost of drug development. More than 80% of all clinical trials experience significant delays, the cost of which can exceed $35,000 a day.Patient recruitment and retention in clinical trials are widely recognized as the leading clog in the new drug development pipeline. The unfortunate result of this problem is that pharmaceutical, biotech, and medical device companies spend millions in additional development costs – and lose hundreds of millions in revenue. Click here to read more about Clinical Trials Simulator.

Clinical Trials Project Review

Over the past several years a Large Pharmaceutical Company’s Clinical Research Department was facing unacceptable increases in costs and delays in conducting their Clinical Trials.

• More than 70% of their clinical trials were late.
• Delays were attributed to difficulty in predicting and recruiting patients.
• Delays were costing greater than $30,000 per day.

To help better plan for the future, Clinical Research needed an improved methodology for projecting the required number of sites, start up timing, and patient randomization to reach trial milestones. Without an accurate predictive solution, the company was more vulnerable to:

• Hard to fill shortages in patient recruiting after the trial began.
• Exorbitant costs of adding sites to increase recruitment beyond the original plan.
• Unacceptable delays in LSLV, Study Close Out, or Completion.

Click here to read the full Project Review

ProModel to Host Industry Specific Conference Spring 2009

ProModel would like to announce the 3rd Annual Capacity and Productivity Improvement Conference for the Pharmaceutical Industry, Using Simulation Technology to Improve Decision Making Capability to be held in the springtime of 2009. Please keep posted for specific dates and location.

Call for presentations:
ProModel is currently accepting applications for presentations demonstrating the success you have experienced using ProModel products or services. This is a great opportunity to showcase the simulation work you are doing at your company.  Each presentation should be approximately 45 minutes long (including some time for questions) and will be published in the conference proceedings distributed to all conference attendees.

If you are interested in sharing your project at the 2008 ProModel Conference, please email an abstract (approx. 100 words) to Christine Bunker at cbunker@promodel.com. If you have any questions, please contact Christine at (801)223-4601.