Navigating Clinical Trials: Essential Knowledge for Dermatologists-Contracts and Budgets 101 for Clinical Research

Video Transcription

Video Summary

Dr. Neil Bhatia, a Clinical Dermatology Director, provides a detailed overview of managing contracts and budgets in clinical research trials. He emphasizes the complexity of conducting clinical trials, advising not to undertake them without adequate knowledge and preparation. Bhatia underscores the separation between clinical trials and regular patient care, including the financial and procedural distinctions. He highlights the importance of proper patient consent, confidentiality, and the specific training required for coordinators. Furthermore, he discusses the critical role of making informed business decisions, such as choosing trials that align with one's capabilities and market conditions. Bhatia explains the various agreements involved like NDA, CDA, and CTA, stressing the significance of confidentiality and careful negotiation. Finally, he outlines budget considerations, including all potential costs, from minor items to significant procedures, ensuring comprehensive preparation for a successful trial.

Asset Subtitle

by Neal Bhatia, MD, FAAD

Keywords

clinical research trials

contract management

patient consent

confidentiality agreements

budget considerations