This post originally appeared on Fast Data Science’s blog on LinkedIn.
Clinical trials, the backbone of medical science advancement, often grapple with high costs, complexity, and lengthy timelines. Fast Data Science presents Fast Clinical AI, a game-changing solution that harnesses the power of Natural Language Processing (NLP) and predictive modelling to tackle these challenges head-on.
Fast Clinical AI automates the extraction of critical information from trial protocols, significantly reducing manual efforts. This tool identifies risk factors and predicts costs and enrolment criteria, ensuring efficient trial planning and execution.
By identifying potential risks early in the trial process, Fast Clinical AI allows researchers to take proactive measures, minimising the chances of trial delays or failures. This proactive approach ensures that trials are faster and more reliable.
Fast Clinical AI helps predict and manage the costs associated with clinical trials, ensuring better resource allocation. Reducing manual efforts and streamlining processes significantly reduces the time required to bring new treatments to market.
Explore how Fast Clinical AI can revolutionise your clinical trials. Visit here for more details. Learn more about clinical trial cost modelling with NLP and AI here. Connect with us today to see how we can support your clinical trial efforts. Let’s innovate together!
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A number of documents are needed to produce a complete and accurate clinical trial budget. The necessary documents typically include: the study protocol (generally the most important document for building a budget) the informed consent form the clinical trial agreement or sponsor contract any laboratory and pharmacy manuals the charge master or schedule of fees the sponsor’s budget. However, sometimes a sponsor will send only the synopsis to a CRO when requesting a quote.
Are you wondering how you can build a detailed clinical trial budget from the protocol, whether for a site, CRO, or sponsor? This may appear an intimidating task. You have to read the protocol carefully, find the schedule of events, calculate how many times each activity occurs during the trial, and slowly create an itemised budget spreadsheet. There are cost items buried in footnotes that you need to look for.
Guest post by Youssef Soliman, medical student at Assiut University and biostatistician In 2025, the outsourcing of clinical trials has become a common strategy for pharmaceutical and biotechnology sponsors. Facing rising R&D costs and complicated studies, sponsors turn to Contract Research Organizations (CROs) and other external partners to manage clinical trials. This practice, known as outsourcing clinical trials, is adopted as a best practice for containing costs and enhancing efficiency in drug development [1].
