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The economics of trials: reducing waste in research

The economics of trials: reducing waste in research

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Join A/Prof Chris Schilling and Cade Schadbolt from the University of Melbourne as they examine the issue of waste in clinical trials. They will begin by providing a brief overview of the history of waste in medical research, and the papers that have shaped the field over the last 30 years. Next, they will present findings from their own investigation into waste in surgical trials, offering evidence of real-world delays and inefficiencies. Finally, they will explore the broader implications of these findings by introducing a customised economic model that evaluates the costs of trial inefficiencies. Their goal is to stimulate discussion on practical strategies to improve trial efficiency and reduce waste, ultimately leading to more effective and streamlined research practices.

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