Why one benchmark number is dangerous
Phase 1 cost depends on cohort count, healthy-volunteer versus patient population, inpatient or outpatient requirements, PK/PD sampling, sentinel dosing, imaging, central labs, manufacturing support, monitoring, data, safety oversight, number of sites and geography. A single blended industry average can hide the variables that actually control your budget.
Start with the pieces you can price
Separate patient-level cost, screen failures, site startup, recurring site fees, CRO scope, central vendors, travel/shipping and any special procedures. If a category is unknown, keep it UNKNOWN rather than silently treating it as zero.
The better question
Instead of asking only 'what will Phase 1 cost?', ask 'what is the cheapest credible design that can answer the next management question?' That is Cost-to-Truth.
Questions people actually ask
FAQ
Is a Phase 1 trial always cheaper than Phase 2?
Not necessarily. Intensive sampling, inpatient stays, specialist procedures or rare-patient recruitment can make an early study expensive.
Should I use an industry average?
Use it only as orientation. A protocol-specific budget should be built from actual assumptions and quotes.
Related
Do the useful thing now