The document provides an executive summary of the Common Protocol Template (CPT) developed by TransCelerate BioPharma Inc. The CPT aims to streamline clinical trial protocols by standardizing format, content and terminology. This is intended to improve quality, reduce costs and complexity for sponsors, investigators, regulators and patients. The summary outlines the vision/mission of TransCelerate, the rationale for developing a common template, its near term and potential future benefits for stakeholders, guidance principles, and alignment of the CPT with the NIH-FDA clinical trial protocol template.