TransCelerate is a nonprofit organization that aims to accelerate medical research by improving collaboration across the pharmaceutical industry. It has developed a Common Protocol Template (CPT) to standardize clinical trial protocols. The CPT provides a streamlined template for protocol content and format to make protocols easier to interpret, reduce complexity and costs, and enable automation. The CPT benefits various stakeholders by improving efficiency and quality. Its adoption by sponsors is valuable as it leverages industry expertise, supports compliance, and balances quality improvements with efficiency gains over time.