Clinical trials (CT) are required to bring safe, innovative and effective drugs, vaccines and devices to market. They are the first time science is tested with human subjects in a highly controlled setting. On an experimental basis, they have the potential for the relief of pain and suffering and they may reverse or halt the effects of disease or disability. Clinical trial contracts are worth millions of dollars and thousands of jobs. The successful completion of trials provides the confidence to bring new drugs, devices and procedures into practice. These can result in cost savings to our health system, better quality of life, and more revenues, jobs, and spin-off effects for our economy.
However, Canada is not the only country to appreciate the benefits of clinical trials. Comparator nations that are organizing and competing for CTs, without compromising safety or quality, will win contracts from us. Global head offices sponsoring clinical trials will only invest in those countries that provide the best comparative return on investment for their increasingly scarce research dollars.