The Cost of Clinical Study Reporting

Published on May 15, 2021

The Cost of Clinical Study Reporting

Clinical Scientists, Project Managers, and Medical Writers know that a quality Clinical Study Report (CSR) is critical in the pharmaceutical development and submission process. And so, the cost of clinical study reporting is very high.

Cost in Terms of Time and Money

According to the European Medical Writers Association (EMWA), the authoring timeline for a medium complexity first draft CSR ranged from 5 to 45 working days, and a final CSR ranged from 3 to 120 working days from draft to completion.

Pharmaceutical and research companies may have in-house writers or work with freelance medical writers. The rates these professionals require will depend on their experience and expertise, as well as the complexity of the project. This may be anywhere from $40 to $180 per hour or more.

Now let’s do the math. Assume an eight-hour workday. The CSR may start at around $2560 on the low end. And it may take 8 days. But what about on the high end? $237,600 and 165 days or more.

Saving Time and Money

Those figures are why ZYLiQ is such an exciting product. ZYLiQ is the latest offering by Symbiance AI. And it is going to save companies millions of dollars and years of time.

A report by Adobe estimated that clinical health artificial intelligence (AI) applications can create $150 billion in annual savings for the U.S. healthcare economy by 2026. Symbiance AI uses AI at all phases of biopharmaceutical development. The ZYLiQ application will automate the generation of CSR and other scientific documents using AI. Now is the time to see why AI is changing the industry.

Want to See ZYLiQ for Yourself?

ZYLiQ is an ingenious product that can revolutionize your clinical research. To watch a demo or learn more about our products, contact us today.

Sources:

https://journal.emwa.org/regulatory-writing-basics/effective-authoring-of-clinical-study-reports-a-companion-guide

https://towardsdatascience.com/15-artificial-intelligence-ai-stats-you-need-to-know-in-2018-b6c5eac958e5

https://www.freelancewriting.com/get-paid-more/medical-writing-how-much-should-i-charge

https://www.kolabtree.com/blog/how-much-does-it-cost-to-hire-a-freelance-medical-writer

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Author

Chandra Shekar Gambiraopet