Increased focus on clinical trial insurance
Written by ForeignExchange Translations on Saturday, September 26, 2009
Insurance for international clinical trials is getting talked about a lot these days.
Proof of clinical trial insurance is often a requirement in order to initiate clinical trials. However, obtaining such proof (usually in the form of an insurance certificate) is not always a straightforward process.
In the past, a certificate of insurance could be issued in the U.S., stating that the policy in place would address any liabilities associated with a clinical trial. Today, drug and device firms must often secure local coverage.
Unfortunately, there is no consistent approach across territories for the same trial/protocol. Regulations, practical requirements, and insurer approaches differ around the world, and managing this effort has become a frustrating experience for many purchasers of insurance.
To avoid additional delays and costs, be sure to check out James Bird's presentation on how to manage the pitfalls and common problems of clinical trial insurance.
Find out more about ForeignExchange's specialized translation services for international clinical trials.
