Get a Grip on Your Grants: Six best practices in managing your investigator-initiated research program - Presentation Transcript
Get a grip on your grants Best practices in managing your investigator-initiated research program Chad Ice, Senior Director, Clinical Development at Inspire Pharmaceuticals Daniel Pardi, Senior Manager, Medical Affairs at Jazz Pharmaceuticals Chris Porter, COO at Clinipace
Safe harbor
The material presented within this webcast are the personal opinions of the presenters and do not necessarily represent the views or policies of Jazz or Inspire Pharmaceuticals.
Success checklist
Know your investment opportunities and risks
Take a portfolio approach, but manage each grant
Seek and secure executive support
Align with your research agenda and product strategy
Be an open book
Use enabling technology
Benchmarking Survey
IISRA intro
Conducted April 2008 with about 50 respondents
Further analysis ongoing
Only IISRA members polled
Represented:
Large/small pharmaceutical firms
Device
Biotech
Other
Who’s tasked with managing IIRs?
74% MLSs involved in their research grant program.
Dedicate ~30% of their time to this area.
Half of respondents provide support
What percentage of approved projects support IIR…
… run by the government?
12.09%
… run by private practice researchers not affiliated with any academic center?
16.42%
… that are single-center studies?
74.97 %
Do you support non-clinical studies?
Yes = 76%
Other realities
Investigator-initiated research is a major source for INDs with ~1400 new INDs annually, YET…
40% of funded projects never get submitted for publication
Almost 30% of your colleagues lack process for managing IIR programs
Source: Cutting Edge Research: “Managing Investigator-Initiated Clinical Trials: Structure, Process, and Strategy, 2007; eCliniqua: “IITs – Plentiful but tricky to manage”, 2007
Challenges in the middle Growth & Infrastructure
A journey without a destination …
Absolutely understand your objectives
Know your risks, and manage them
Pre/Post Funding – support them differently
Maximize your returns and minimize your risks
Manage both sides
Technology is always an enabler Integrated Grants Management and Research Platform Investment Criteria, Review Process, Scoring, Communication Data Collection Data Management Monitoring Reports Payment Biostats Writing Publication
Get the right people on the bus
Cultivate an executive champion
Early communication with stakeholders
Answer “what’s in it for me?”
Connect to business & scientific objectives
Alignment keeps the gears turning
Keep your customers in mind
Take a lifecycle approach to your IIR program
Ask and ask often
Transparency will set you free
Leave no doubt
Communicate with investigators
Report, Report, Report
Relieve their [sales] burden
Find the right tools
Don’t re-invent the wheel
Understand your process then automate it
Become data-driven
IISRA
Success is never guaranteed
Measure everything
Communicate across the value chain
Don’t be afraid to be a resource and share your expertise
Q & A
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In this FREE 45 minute webcast held on June 26th, 2 more
In this FREE 45 minute webcast held on June 26th, 2008, we discuss the opportunities and challenges of starting and managing an investigator-initiated research program.
In addition, we shared best practices on how to ensure executive-level buy-in, alignment with research initiatives and product strategy, grant promotion and evaluation, tackling transparency in an age of increasing regulatory oversight, and selecting and implementing the right tracking and management system to ensure success. less
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