Clinical Trials

General Description, Overview, and Opportunity

Pharmacists have become a viable channel for education about clinical trial participation. They are working collaboratively with patients, caregivers, and physicians to incorporate clinical trial referral into their armamentarium of patient care services. Pharmacists have traditionally been involved in clinical trial research in a variety of ways, from providing drug and record keeping for drug accountability to taking on the roles of study coordinator or principal investigator. Today, pharmacists make a significant impact on the health status of patients directly through patient care or indirectly by connecting patients to clinical trials. One diversified revenue model is to partner with research entities that are contracted to recruit patients for clinical trials. These recruitment companies are sometimes hard-pressed to find volunteers, so it makes sense for health care professionals such as pharmacists to be a source of these referrals.

Clinical Trial Market Data

  • Clinical trials are the path for all new medicines to reach the market and patients.

  • Compounds in addressable therapeutic areas: 3,455

  • Compounds in Phase III: 634

  • US Phase III trials: 8,247

  • US Phase IV trials: 4,360

  • $25B vaccine market growing at 17% annually.

Patient Participation in Clinical Trials (examples)

  • Bipolar Disorder

  • Diabetes

  • Psoriasis

  • Hormone Replacement

  • Overactive Bladder

  • Obstructive Sleep Apnea

  • High Glycerides

  • Elevated Triglycerides

Companies Involved