Global Clinical
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Description
Global Clinical Trials Industry In order for a new drug or medication to be developed and eventually introduced into the marketplace, it is necessary that the drugs go through a series of clinical trials to be tested for safety, side effects, efficacy, and more. The drugs will often be tested in the lab and on animals first before the clinical trials begin on humans. Throughout generations this clinical trials industry has become quite immense, reaching expenditures of over 18 billion in 2007 in the U.S. alone. Due to the size of this industry, there is an increasing need for large samples of individuals to test these new drugs, thus resulting in these trials becoming globalized. Globalization has become an increasingly prevalent trend in society, especially in pharmaceutical...