OCT West Coast: China's clinical trial infrastructure delivers upto 60% cost savings [Yahoo! Finance]
Novartis AG (NVS)
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Source: Yahoo! Finance
be a cost-effective and rapid option on the global stage, as per discussions at a recent event. At the Outsourcing in Clinical Trials West Coast conference, held 10–11 February in Burlingame, California, one of the key topics discussed was the significant role of China in the global clinical trial landscape. Clinical trials in China were said to account for approximately 30% of all clinical trials; a statistic made particularly noteworthy when this growth in trials relative to global studies is six times what it was in 2016, as per GlobalData, the parent company of Clinical Trials Arena As per GlobalData figures, clinical trials are 50–60% cheaper in China compared to the US. “In addition to lower cost, China shows considerable speed advantages in Phase I and Phase II clinical trials, particularly for non-oncology indications, with the trials being 60-70% faster in some cases,” said Revati Tatake, Global head of Pharma and Competitive Intelligence, GlobalData. The low cost and h
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