Article: Phase III clinical development

Time: 2-4 years

Cost: $10-500 million Scale: kilograms of product

Description

During Phase III trials, the company verifies the efficacy of its drug and monitors 1,000-3,000 patient volunteers for adverse events during long-term use. Less than a quarter of INDs make it all the way through Phase III clinical trials.

The number of human subjects involved in a Phase III study depends on the disease being studied. Phase III trials are expensive: Clinical monitoring of patients can include X-rays, blood tests, and other laboratory studies in addition to physician fees and required hospitalizations. Whereas classical pharmaceuticals go through two or more Phase III trials, biopharmaceuticals ...

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