What if you could quickly and accurately determine costs, budgets, schedules, and resources for your clinical trials without adding additional personnel? Now you can.

ClearTrial’s new Study Costing & Optimization Service (SCOS) is a turn-key, cost-effective service that provides greater visibility and control over clinical trial costs, resources, and timelines for smaller biopharma companies. This new service leverages a powerful combination of ClearTrial’s proven clinical trial operations (CTO) software — used by some of the Top 10 Pharmaceutical and Biotech companies in the world — and ClearTrial’s experts in clinical development, outsourcing, and project management acting as an extension of your own team.

ClearTrial SCOS Benefits
Dramatic Savings in Time and Cost from Better Operational Design
Unlike a “consultant with a spreadsheet,” ClearTrial SCOS draws on industry intelligence and activity-based costing methodologies which enable the rapid creation of multiple cost, resource, and timeline scenarios.

Negotiation Leverage for Additional Cost Savings
With a comprehensive inventory of clinical assumptions backing-up monthly budget estimates, and projections for unit costs, unit hours, timeline projections, cash flows and recommended resource staffing, ClearTrial SCOS arms you with better negotiation leverage in Sponsor/CRO negotiations.

ClearTrial SCOS Deliverables
ClearTrial SCOS delivers a comprehensive array of timeline, cost and resource forecasts, supporting assumptions and responsibilities specifications, including:

• Study Budget – ClearTrial’s clinical operations experts will work with your team and develop an initial ballpark or detailed study budget.

• Comprehensive Reports – The ClearTrial team will deliver a comprehensive set of reports which will provide a global view of your planned study.

• Scenario Testing and Study Optimization – Modeling of the study design to identify opportunities to save time and/or cost through more efficient operational design of your study.

• Final Plan and Reports – After the final plan has been selected, the ClearTrial team will provide additional reports documenting your study:

• Resource Demand Summary
• Subject Enrollment Bargraph
• Site Approval Graph
• Summary of Unit Hours and Fees for Study Tasks
• Side-by-side Comparison of Fees, Costs and Hours, at the task level, for up to 3 study scenarios
• Recommended Milestone Payment Schedule with corresponding
• Monthly Cash Flow chart to ensure optimal payment terms

Register for our free webinar to learn more!
NOTE: ClearTrial’s Study Costing & Optimization Service (SCOS) is designed for pharmaceutical, biotech and medical device companies currently running 3 or fewer active studies. If you are interested in our product offerings for larger companies, or if you are a CRO, please contact us directly.

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