AI monitoring tool could generate up to 82-fold ROI in phase-3 oncology trials, study finds
An analysis by the Tufts Center for the Study of Drug Development found that an artificial-intelligence clinical monitoring agent can produce an estimated 82-fold return on investment in phase-3 oncology trials. The study examined Medable’s digital trial platform and reported net financial gains of up to $21 million per drug development program.
The report used expected net present value (eNPV) modeling and showed eNPV improvements of about $7.5 million in a phase-2 trial, $11.3 million in a combined phase-2/3 program, and $21 million in a phase-3 study. Direct operating cost savings were estimated at $4.4 million for phase-2 and $5.6 million for phase-3 trials.
The AI monitoring agent automates routine clinical research tasks such as risk scoring, pre-visit summaries and site communications, which can streamline trial operations and reduce expenses. Tufts noted this is the first application of eNPV modeling based on real-world use data to quantify the financial impact of such technology.
This writeup was produced by pharmadog from original reporting by Fierce Biotech.
Original headline: “AI clinical monitoring agent can deliver up to 82 times the ROI in oncology: report”
read at Fierce Biotech ↗
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