- Growing competition in the drugs & pharma industries is driving companies to find solutions to epidemics, large scale diseases or new diseases, or degenerative conditions.
- In this environment, the commercial advantage to the company that produces the first approved drug can be enormous.
- At the same time, the liabilities associated with the trials (at various stages) can be significant for all the parties concerned.
- Clinical Trials Liability Insurance can help protect pharmaceutical companies from some of the damages, compensations, expenses associated with a liability lawsuit.
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