A Managerial Perspective on Clinical Trials

Case Solution

Arthur A. Daemmrich
Harvard Business School ()

This notice describes the history and regulation of clinical trials, administrative challenges related to drug testing, and current debates about the safety of prescription drugs. Because clinical trials take five to seven years and account for up to 70 percent of the total cost of drug development, leading biotech and pharmaceutical companies must understand how to manage clinical trials. Similarly, managers and analysts in many business areas will benefit from understanding clinical trials with a growing variety of new product launches that require premarket testing.

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