Virtual Trials are Cost Effective

Timeline

Shorter timelines enable manufacturers to get drugs to market faster.

  • Being first to market means a shorter payback period and increased ROI
  • Retention is higher in virtual trials
  • Direct data entry results in fewer data management queries
  • Better for participants, better for sponsors
Graphic displaying quicker recruitment, higher retention, direct data entry, and less time & cost in hub and spoke format

Reduce Travel Burden

Virtual trials reduce travel burden to participants, improving recruitment and lowering cost.

Graphic showing less travel leading to quicker recruitment and lower cost

Reduce Regulatory Costs

Reduced startup fees depend on number of in-person visits required and IRB fees.

Graphic illustrating how virtual trials have less IRB fees and Site Monitoring Costs compared to standard trials

Reduce Labor Costs

Virtual trials leverage efficient technology and artificial intelligence tools, managed by certified professionals, and reducing labor costs.

Graphic comparing FTEs and costs in staffing between virtual studies and standard studies