Coronavirus treatment: Vaccines/drugs in the pipeline for Covid-19
The mysterious coronavirus outbreak in the Chinese city Wuhan, now termed as Covid-19, and its fast spread to many other countries, endangers thousands of lives. The pandemic has catalysed the development of novel coronavirus vaccines across the biotech industry, both by pharmaceutical companies and research organisations such as the National Institutes of Health (NIH), US.
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What is a clinical trial?
Clinical trials are research investigations in which people volunteer to test new treatments, interventions or tests as a means to prevent, detect, treat or manage various diseases or medical conditions. Some investigations look at how people respond to a new intervention* and what side effects might occur. This helps to determine if a new intervention works, if it is safe, and if it is better than the interventions that are already available.
Clinical trials might also compare existing interventions, test new ways to use or combine existing interventions or observe how people respond to other factors that might affect their health (such as dietary changes).
The World Health Organization (WHO) definition for a clinical trial is
‘any research study that prospectively assigns human participants or groups of humans to one or more health-related interventions to evaluate the effects on health outcomes’.
Dynamics Of Clinical Trials
The Clinical trial Industry is anticipated to grow in the forecast, owing to the globalization of clinical trials, development of new treatments such as personalized medicine and increasing prevalence of infectious disease and new disease cases. In addition, increasing investments to develop new healthcare products is expected to offer significant growth opportunities in the Industry during the forecast period.
Top Companies Working In Clinical trial Industry
IQVIA, Parexel International Corporation, Charles River Laboratories, ICON plc, SGS SA, Chiltern International Ltd, Syneos Health, PRA Health Sciences, Wuxi AppTec Inc, Pharmaceutical Product Development
For More Insights And Forecast Study Clinical Trials Industry Including Phase (Phase I, Phase II, Phase III, Phase IV); Study Design (Interventional, Observational, Expanded access); Indication (Autoimmune/inflammation, Pain management, Oncology, CNS condition, Diabetes, Obesity, Cardiovascular, Others) and Geography
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References:
- theinsightpartners.com
- australianclinicaltrials.gov.au