Fixed-Fee Pricing

A woman's hand carefully places a coin into a piggy bank.

Fixed-Fee Pricing and the Importance of Budget Predictability in Clinical Research

Clinical research for new drug development is a lengthy and expensive process, with the clinical trial stage being the most time-consuming and costly. The high cost of clinical trials is driven by the resources needed to activate trials and reach accrual targets. Kim et al. (2023) juxtapose the significant investment of time and money required […]

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A lifesaving vaccine, sealed in a vial, ready to be administered with a syringe for medical protection.

Drug Development Costs Explained: Why Is It So Expensive?

To ensure access and availability of innovative medicines that come at a high price, there is a need to understand the underlying R&D system and associated drug development costs. A recent World Health Organization (WHO) 2022 study examined the current models for pharmaceutical R&D and explored new options to improve access to innovative treatment for

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In the field of digital therapeutics, a woman engages in a video call, receiving remote healthcare support and guidance.

The Role of Fixed-Fee Pricing in the Globalization of Clinical Trials

Modern technology and innovations have allowed many industries to expand their reach across the world. The interconnectedness and international collaboration emerging from this process of globalization has opened up doors for new discoveries in clinical trials. While the globalization of clinical trials brings about many opportunities, it’s not without its challenges. Researchers now have access

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Two businessmen shaking hands in front of stacks of coins, demonstrating a successful fixed-fee pricing partnership.

Maximizing ROI with Vial CRO’s Fixed-Fee Pricing Model

Like many other industries, clinical research aims to maximize efficiency and productivity while minimizing risks and costs. CROs are not exempt from this, as the goal is to augment a sponsor’s return on investment and return quality results. One essential component of a clinical research project is its finances. A competent CRO can work within

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A group of pink piggy banks on a blue background displaying fixed-fee pricing.

What is Fixed-Fee Pricing, and How Does It Benefit Sponsors?

The way contract research organizations (CROs) are handling pricing is in desperate need of an overhaul. Many CROs win trials based on attractive upfront pricing, but the actual cost to sponsors over the lifetime of a trial may be significantly understated; the practice of using change orders to increase cost over time is a source

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