Proper risk management reduces potential financial and legal risks for sponsors and investors in the
clinical trial, making the study more attractive for investment
Category: RBM
Cost-Effectiveness
A more focused and less on-site dependent approach of RBM can reduce the overall monitoring costs compared to traditional monitoring methods, which require regular and often expensive visits to clinical sites.
Increased Trust in the Study
When a study is conducted with high standards of safety and ethics, it influences the perception of the study by participants, potential patients, patient communities, and regulatory bodies. This contributes to increased trust in the study and its results.
Improved Risk Management
RBM provides researchers and sponsors with a better understanding of the risks associated with the study. This helps in making more informed decisions and developing risk management strategies
Strict Adherence to Study Timelines
Focusing on key risks allows for faster and more accurate identification of issues that could delay the study. This helps reduce the time spent identifying and correcting problematic areas and, consequently, prevents delays in the clinical trial timeline.
Higher Data Quality
Since the main focus is on the most risky areas of the study, RBM promotes more accurate and timely identification of potential problems and protocol deviations. This helps prevent errors and improve data quality.
Focus on Patients
RBM pays special attention to protecting the rights and safety of patients. This approach enhances patient safety and reduces the risk of unintended side effects.