Clinical Trials Arena September 2, 2025
Rajesh Patel, senior director of product management, commercial suite, IQVIA Technologies reflects on how consolidating technologies, processes and data can accelerate payments and trials.
The complex task of managing clinical trial finances is generally accepted as a cost of doing business in the pharmaceutical industry. But today, higher costs and ongoing pressures to shorten study timelines are pushing the industry to look for new, more streamlined approaches to clinical trial financial management.
A top challenge is the use of siloed financial systems across the various steps of a clinical trial. Not only do sponsor, contract research organisation (CRO), and site teams need to learn and use different technologies for budgeting, contracting and payments, but they also often need to manually...
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