Recession - Impact on Clinical Trials

Recession – Impact on Clinical Trials

Recession is the word gaining prominence across the globe slowly but steadily, there by passing an underlying message of the seriousness of the issue to be more severe as the days pass in the calendar year of 2009. Recession which has shown its signs in the mid 2008 has taken its toll particularly on the Information Technology sector and other sectors.

The signs of recession to the common man are non availability of liquidated funds, job threat and rise in prices of essential commodities. Hence amid such a commotion all over the world to meet the challenge of recession, the thought in the minds of an expert related to Medical, Pharma and drugs would feel is that did recession really impact on the Pharma and life sciences industry particularly Clinical Trials.

Recession does have some impact on the Clinical Trials indirectly. Clinical Trials process today is by and large dependent on many other factors such as technology, ware housing and logistics so on. Hence a global slowdown may have its impact on clinical trials which is of the opinion that it is manageable for the current situation

Recession may also have some impact on the clinical trials which are now being planned, but the trials which have been planned earlier must be having their funds intact necessary to run clinical trials already planned. The dry nature of liquidated funds may possess some concerns for the Clinical Trials Industry.

However Pharma industry also has shown some signs with the layoff from Big Pharma recently. Though there is some sort of assurance for the current situation, however if the situation takes a severe form in the future, we need to keep our fingers crossed. The only way which appears for now to meet this situation is to stay planned.

I leave the conclusion on this article for debate and discussion on the thoughts and impact of recession on Pharma industry particularly clinical trials…

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