For many biotech companies, clinical trial costs spiral beyond initial projections due to ineffective negotiation, unclear contracts, and overly optimistic budgeting. This practical, interactive workshop is designed to equip attendees with the tools and confidence to negotiate stronger contracts, build realistic budgets, and maintain financial discipline throughout the trial lifecycle.
Through real-world examples and peer discussion, participants will learn how to secure value from CROs and vendors, avoid hidden costs, and ensure they only commit to spend that aligns with available funding, protecting both timelines and long-term viability.
Key Learning Points
- How to build a robust, realistic clinical trial budget that reflects true operational costs
- Practical strategies to negotiate favourable contracts with CROs and vendors
- Identifying and managing hidden costs, scope creep, and change orders
- Techniques to ensure financial discipline – spending within available capital, not projections
- How to align finance, clinical operations, and procurement for stronger decision-making
Moderators will split the room into small groups, assign real-world tasks, guide discussions, and reconvene the audience to share key insights and approaches.