An AIC in possession of a well-trained staff and a trial-ready location must be in want of a lucrative clinical trial agreement. Especially at first, finding and landing these types of contracts is daunting and potentially difficult. On one hand, identifying the studies that create the possibility of favorable margins is a skillset by itself. On the other, access, visibility, and consideration are difficult to create out of thin air.
The first step for a would-be site is to be clear-eyed about its strengths. Starting with patient population, researcher background and domain expertise, and normal course of business operations and specialties, the site’s operator can list out the factors that make successful trial recruitment and completion more likely. From there, it’s possible to look at the application of those advantages to the set of treatment areas or investigational drugs that would be a particularly good fit and evaluate them on the basis of how well they serve longer-term strategic goals.
For example, an AIC that was new to research might seek out simpler trials with smaller scopes and shorter time horizons to start building a history of knockout performance. Or an AIC that was motivated more by a desire to gain experience with new treatments before they come to market might seek trials of drugs that would be additive to their existing offerings.
In any case, the likeliest source of trials with enough funding behind them to make profitable outcomes possible for the AIC will most likely be pharma companies. The cost to take a new drug through trials is in the billions of dollars, and at this point pharma is funding a significant portion of all research into new drugs—as much as 80% of total annual drug research funding in the US, depending on the source of the estimate and the specific window you choose to look through.
Within the universe of pharma, there are several avenues an AIC can explore to find trials that meet their current strategic needs and budget appetite.