What is IRT and why do we need it?
It is near impossible to have worked in the Clinical Trials space in recent years and not have heard of IRT or interactive response technologies. The system can be highly complex and many users may not be aware of its true potential. IRT can be much more than just a clinical trial supply management tool and has the capabilities to save your trial time and money if used effectively.
IRT has the potential to save your trial from nasty surprises that may cost you an arm and a leg when running a trial, especially when it comes to the organising and maintaining your clinical trial supply chain. IRT not only has the capability to send triggers to an alarm if shipping containers containing your drug stray from the optimum temperature, they now have the ability to alter the temperature within the boxes themselves saving the drugs, sponsor’s money and the trial itself.
Another common issue within the Clinical Trial Supply chain is effective planning and forecasting of stock numbers. Many trials are faced with redundant overstock in order to elevate the risk of falling short and having to pay to produce more of a drug at a later date. IRT uses data in order to produce an accurate forecast of stock needed by knowing how much of a drug a patient may need to take continuously over time and the size different of groups. IRT can therefore lead to less wastage and greater profits. Although IRT implementation has its own cost, if used effectively it has the potential to cover those costs and increase profits overall.
If you want to find out more about IRT then you’re in luck! The Clinical Trial Supply New England conference is returning for its 8th addition and we’ll be holding 2 sessions in the morning of day 2 on integrating different IRT systems across your internal CMS and Transitioning IRT vendors and systems after acquisition. For more information, please visit http://www.arena-international.com/ctsnewengland/ or alternatively email us at: firstname.lastname@example.org
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