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September 26 - September 28
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Connecting Marketing and Sales in the Digital Era

How Mobile Devices and EDC Are Changing the Financial Landscape of Clinical Trials

Blog, Solutions

Integrated Technology Solutions for Clinical Trials

It is estimated that the average cost per clinical trial participant is about $40,000. Historically, the cost of developing drugs has been significantly impacted by the associated costs of administering clinical trials. With drug development costs ranging on average between $1.3 billion and $1.7 billion (Collier, 2009), there is clearly a lot at stake. Mobile devices are quickly paying dividends for leading drug makers across the globe.

Reduction in Time

A recent study completed by the US Department of Health and Human Services identified that by making use of mobile technologies in clinical trials, that sponsors reduce time in phases 1-4 by 17.6%, on average. This reduction in time equates to a significant savings in clinical trial administration cost. (See Chart) Other studies have suggested that use of EDC and mobile devices have yielded a 30 percent decline in study duration (Neuer, Warnock, & Slezinger, 2010).

Drug development costs range between $1.3 billion and $1.7 billion

Collier 2009

Improved Data Flow

Additional to the decreased time and resource demands, empowering clinical trial participants with real-time tools to measure and record information reduces errors in data collection. Historically, clinical trials, especially those involving multiple countries and languages, have faced unique challenges. As data from disparate sources is received, the need to manually process and translate requires trained staff. Electronic Data Capture (EDC) tools streamline this process and allow data to freely flow into centralized databases where it can be powerfully analyzed. This synchrony in data collection is invaluable to the overall cost, when considering that the cost of each clinical trial participant has a cost of approximately $40,000.

Companies like Integron have partnered with technology leaders in EDC, ePRO, eCOA to make these financial benefits a reality for leading pharmaceutical companies around the world.

Philips and Integron Collaborate to Deliver Integrated Digital Health Solutions

News, Press Releases

Los Angeles, U.S. – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Integron, a leading provider of managed IoT services for connected health, today announced a collaboration that brings together the Philips HealthSuite Digital Platform with Integron’s robust solution deployment services. This joint offering will enable healthcare providers to build and deploy connected health solutions aimed at helping to improve patient outcomes whilst reducing costs.

The addition of Philips’ cloud platform will enable customers of Integron’s connected health offering to access and process data in compliance with US HIPAA requirements for a variety of healthcare applications. Based upon a set of open APIs, HealthSuite simplifies the integration of data from disparate sources – including electronic medical records, diagnostic and imaging equipment, and personal mobile devices. In combination with Integron’s suite of device procurement, management, and deployment services, this provides a comprehensive foundation for the deployment of connected health solutions.

“Our collaboration with Integron is a significant step towards simplifying solution deployment and enabling healthcare providers to leverage the value of data to improve the patient experience whilst reducing costs,” said Dale Wiggins, General Manager Philips HealthSuite Digital Platform at Philips. “Integron is an expert in managed services and this relationship will not only allow us to help our customers get to market more quickly, but also help them reach scale in meaningful ways.”

“As healthcare technologies continue to mature and evolve, the demand for integrated solutions has increased significantly,” said Bryan Lubel, President of Integron. “Working with Philips, we’re able to provide advanced data integration and analysis capabilities, giving our healthcare customers a foundational option from which to build long-term technology strategies.”

The Philips HealthSuite Digital Platform is an open, secure platform of services, capabilities, and tools designed to enable the development of next-generation connected health and wellness innovations. It provides a range of digital tools for application developers and solution providers enabling universal ‘Big Data’ management, predictive analytics, and Artificial Intelligence in support of health management by consumers and care professionals. HealthSuite provides a secure environment that can simplify and accelerate the development of cloud services. It can also save providers the cost of hardware and software, compliance, and staff by providing shared, fully-managed Cloud services and platform.

Integron and Philips will be showcasing their collaboration at Mobile World Congress Americas 2018, September 12-14 in Los Angeles. Visit booth 3136 to learn more.

For further information, please contact:

Mark Groves
Philips Group Press Office
Tel.: +31 631 639 916
E-mail: mark.groves@philips.com

Allison McClary-Corbin
Marketing Coordinator, Integron
Tel.: +1 585 426 6200
E-mail: info@integron.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2017 sales of EUR 17.8 billion and employs approximately 75,000 employees with sales and services in more than 100 countries. News about Philips can be found at http://www.philips.com/newscenter.

About Integron
Integron is an Internet of Things (IoT) Managed Services company that serves the connected health, telehealth, life sciences and remote patient monitoring sectors of the healthcare industry. Integron manages the complexities of enterprise IoT solutions by offering a comprehensive set of services, technology, and strong vendor relationships across the entire IoT landscape. Our managed IoT services include wireless connectivity, provisioning, mobile device management, support, and security. To learn more, visit http://www.integron.com.

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