The amount you pay to participate in a clinical trial varies from study to study. Some range in hundreds of dollars, while others pay thousands of dollars. We also just shared a clinical trial we found out about for people with type 2 diabetes. Inpatient studies that require one or more overnight stays at a clinic usually pay more than outpatient studies, which require only one or more visits.
The answer is yes, you can be paid for study-related time and travel for participating in most clinical trials. Phase III clinical trials compare new treatments with standard treatments or compare new treatments with medical records for a group of patients seen in the past. In some cases, a phase III clinical trial can be stopped if researchers find that one group is doing much better than the other. Inpatient clinical trials require that the subject (i.e., you) remain at the facility throughout the study, including overnight.
No matter how easy it is, participating in a clinical trial can take time and travel, and can involve risks. The Antidote clinical trial search tool allows you to filter by phase and type, which can help you narrow down your search. It is vital that people understand the pros and cons of participating in clinical trials to determine if participation is right for them. Meridian Clinical Research partners with pharmaceutical and biotech companies to research new drugs, medical devices and diagnostics that could improve human health and well-being.
Clinical trials are conducted across the country and are a necessary part of the FDA's approval of new medical technology. If you've ever thought about participating in a clinical trial or research study, you may know that some studies offer financial compensation. In addition to the monetary benefits of participating in a clinical trial, there are other important benefits for you.