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Advancing transparency and reducing inefficiencies in clinical trials 


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✅ The Role of Blockchain in Enhancing Clinical Trial Transparency and Efficiency - TimesTech

Science

Clinical trials are the backbone of medical advancements, providing the data necessary to approve new treatments and drugs. They are complex, expensive, and time-consuming endeavours, often costing upwards of $2.6 billion and taking over ten years from inception to approval. This intricate process involves multiple stakeholders, including pharmaceutical companies, regulatory bodies, healthcare professionals, and patients, all working together to ensure the safety and efficacy of new treatments. Despite its critical importance, the clinical trial industry faces numerous challenges, particularly concerning transparency and efficiency.

timestech.in     Jul 15, 2024