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Investigator Initiated Trial Management Expedite Approval Timelines and Establish Complaint Funding Practices

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An overview of the Investigator-Initiated Trial Management Expedite Approval Timelines and Establish Compliant Funding Practices report.

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Investigator Initiated Trial Management Expedite Approval Timelines and Establish Complaint Funding Practices

  1. 1. Brought to you by: Investigator-Initiated Trial Management Expedite Approval Timelines and Establish Complaint Funding Practices Brought to you by:
  2. 2. ABSTRACT Evaluate and Approve IIT Proposals Faster and Better While Staying Compliant. As the number of investigator-initiated trial (IIT) submissions increase, existing IIT management challenges magnify. An IIT’s final outcome is out of the drug manufacturer’s hands, so it is essential for teams to properly vet each proposal. Otherwise, companies risk putting their products — and the resulting data — in poorly designed studies with inexperienced or unqualified investigators. Successful teams will efficiently approve IIT proposals that demonstrate scientific merit and align with shifting corporate objectives. Finally, IITs promote KOL engagement, but proper documentation and FMV payments are a primary concern for teams navigating current compliance codes. This report serves as a solution for IIT teams that struggle with these challenges. It is a detailed roadmap for improving IIT management at key steps, from proposal submission to follow-up with clinical investigators. Detailed benchmarks, diagrams and profiles show IIT management team structure, both stage-by-stage and cumulative timelines, as well as performance metrics for IIT teams across company sizes and regions. Top executives’ insights go beyond identifying problem areas to spotlight efficient processes and best practices for rigorous IIT evaluation. As companies strive to accelerate IIT management processes, transparency must also be top of mind. A surefire way to boost efficiency while decreasing many compliance issues is to implement technology that allows investigators to submit proposals online. Internet portals have built-in systems that document submissions and approvals and act as a gateway for investigator communication and updates. IIT teams can also turn to third-party vendors for fair market value (FMV) assessments to safeguard against overpaying investigators.
  3. 3. ABSTRACT Compliance is critical for IIT funding. This report contains extensive benchmarks and case studies to help build budgets that will adequately support investigator-initiated research. But it also provides strategies for how teams negotiate contracts and ensure FMV-compliant itemized trial budgets. Industry executives working in investigator-initiated trials, investigator-sponsored trials, investigator-initiated research, and medical affairs will get the following benefits from this report: • Timelines for approving and beginning an IIT across 10 individual companies of various sizes and IIT teams with US, ex-US and global responsibility. IIT volume benchmarks, including the number of proposals received, evaluated and approved and which channels are most prevalent for submissions. • Ratings and insights detailing 6 key criteria for assessing IIT outcomes — and red flags to watch for. • Infographics and data detailing IIT management structures across company size and region. • Metrics showing communication follow-up with investigators, including frequency of updates and medical science liaison (MSL) support. • Actual budget line items for IIT pass-through costs, direct costs and indirect costs. • Full budget case studies for 12 real-world IITs; each profile includes data on total company funding, available budget line items, therapeutic area, patient enrollment and trial duration.
  4. 4. ABSTRACT Key Questions That This Study Answers: • Which performance metrics should companies measure to track IIT efficiency and program value? • What are some best practices for companies to facilitate clinical trial agreement (CTA) negotiations? • What IIT management structures and protocols can teams implement to accelerate the submission, evaluation and approval stages? • What key criteria should teams consider when evaluating IITs? What red flags should they watch for? • Once the IIT is approved, what are the best strategies for following up with investigators and ensuring that trials are progressing on schedule? • What practices should teams employ to make sure that investigators’ itemized budgets are FMV-compliant? How do companies skillfully manage budget revisions? • Which metrics are useful for setting annual IIT budgets?
  5. 5. REASONS TO BUY Evaluate IIT submissions and negotiate contracts more efficiently: Delays reduce — or can even eliminate — IIT value, postpone or negate company research goals, expend resources and frustrate investigators. • Learn proven strategies, such as pre-screening proposals, for expediting IIT evaluation, and consult six key criteria for selecting the right IITs. Performance metrics, including the number of proposals received, evaluated and approved, are also vital in accurately assessing IIT management efficiency. • Examine timelines showing the number of days spent on nine IIT stages. Teams must track the time they are spending to know which stages can be shortened. These data will allow for more detailed planning — saving time and money down the road. • Teams surveyed for this report also identify negotiating contracts as a top challenge. Benchmarking data indicate that establishing clear and consistent responsibilities, such as using legal teams to help with contracts, can significantly accelerate the process. Establish IIT management structures that facilitate fast approval and submission tracking: Structure plays a key role in ensuring efficient IIT management. • Involving local and global-level personnel during IIT approval processes, for example, helps to avoid duplication of efforts. • Examine case study examples comparing different approaches to IIT team structures, as well as the IIT management support coming from other internal groups. • As teams strive to accelerate IIT decision making, having efficient IIT proposal reviews is crucial. Creating standard operating procedures (SOPs) is one key step. Another important aspect involves IIT review committees. Data in the report explore IIT committee structures and which functions retain voting privileges during proposal evaluation.
  6. 6. REASONS TO BUY Benchmark IIT spending and internal management costs to build the perfect budget: Examine benchmarks, best practices and case studies to build a solid IIT budget. • Key metrics include the percentage of IIT budget dedicated at the beginning of each year, sources of IIT funding, percentage of budget spent on external spending and IIT internal management, average funding per IIT and IIT funding compared to the number of approvals. • Along with providing overall team budgets, surveyed IIT managers were asked to elaborate on one recently completed study. • Because life science companies can offer support for IITs in a variety of ways, this report examines which line items are company-funded and which items are left to the investigators. Benchmarks include budget line items for specific pass-through costs, direct costs and indirect costs. The report includes 12 full-budget profiles of recently completed trials.
  7. 7. ABOUT THE PUBLISHER Pharmaceutical research intelligence firm Cutting Edge Information, was founded in 2002 by Jason Richardson (Chief Executive Officer) and Adam Bianchi (Chief Operating Officer). The company is located in Durham, North Carolina, and offers customized consulting and a growing library of targeted and insightful pharmaceutical research reports. Cutting Edge Information delivers an innovative new approach to distributing comprehensive pharmaceutical and biotechnology benchmarking data. CEI offers objective, comprehensive primary and secondary research on critical industry issues as well as customized consulting services. Learn more about this report View more reports from this publisher
  8. 8. MarketResearch.com We Help You Find the Business Intelligence You Need Knowledge Center Take a deep dive into our database of business intelligence specific to a market or vertical from over 15 years of authoritative research. We offer Knowledge Centers on life sciences, pet products & services, food & beverage, household items, demographics, and financial services & credit cards. Profound A business solution that provides a wide perspective across multiple industries and publishers and allows you to select & download specific parts (graphs, tables, charts or chapters) from different market research reports. Market Research Reports We offer reports from over 720 leading global publishers and update our collection daily to provide you with instant online access to the world’s most complete and current database. We provide Market Research Based Solutions tailored to your specific business goals.
  9. 9. Brought to you by: For more information and additional research visit MarketResearch.com or Call 800.298.5699 Brought to you by:

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