Clinical trials generate the evidence needed to bring safe and effective medicines to patients. But did you know that they're also a powerful engine for jobs and local economies?
A 2013 review of biopharmaceutical industry-sponsored, site-based clinical trials across the United States found that the industry:
- Sponsored nearly 6,200 site-based clinical trials with 1.1 million participants
- Invested close to $10 billion to conduct clinical trials at sites in 50 states
- Generated $25 billion in economic impact from conducting clinical trials in communities throughout the country
Research In Your Backyard
Biopharmaceutical research companies have conducted more than 2,900 clinical trials of new medicines since 1999 in collaboration with the state’s local research institutions