Advantages of Conducting Clinical Trials in Australia
Discover how Australia can deliver rapid start-up and provide cost-savings for your next early phase trials.
Huge cost savings, Quick start up, Quality data
Cost: In comparison to US and Europe, cost for running a clinical trial in Australia is approximately 30% lower. If the R&D tax incentive is applicable, the cost advantage climbs to more than 50%. Couple this with our hourly rate and 'pay as you go' model, the cost savings is significant.
R&D Tax Incentive: The Australia government offers a generous 43.5% cash refund for clinical trials conducted in Australia if the company has an aggregated turnover of less than AUD20 million. Email us to understand more how you can take advantage of this generous offer for your next clinical study.
Investigational New Drug (IND) approval not required: US FDA IND is not required for initiating a study in Australia. Clinical studies can be initiated in Australia at any time before or during the IND application process, and the data from these studies can then be used to support or supplement the IND application, resulting in massive time saving.
Australian data accepted by US Food and Drug Administration (FDA) and the European Medicines Agency (EMA): Many companies have advanced directly to Phase II at the time of IND approval since all Phase 1 studies were already completed in Australia by the time IND approval was received. This is made possible due to confidence in the very high quality data generated for clinical trials in Australia.
Quick start-up: The Australian regulatory authority for clinical trials, the Therapeutic Goods Administration (TGA), utilises the Clinical Trial Notification (CTN) scheme for approving most clinical trials. This scheme involves a simple notification process where TGA only needs to be notified once HREC approval is granted before initiating the study (no separate review process required).
HREC review is very quick and takes between 4-8 weeks in most cases.
World-Class Research Infrastructure: Australia has a world-renowned research industry with some of the world's best researchers conducting clinical trials in state-of-the art research facilities for testing, treatment and analysis.
We partner with various R&D Tax Incentive consultants who can help you understand better regarding the requirements, how you can benefit from this offer, and provide application & lodgment services.
Email us now so we can help you understand how benefit can provide cost-savings for your next clinical trial.