Video: Part 1 – Clinical Trial Funding 101
In part 1 of this series on how many is raised for mesothelioma research, Medical Outreach Director Kaylen Jackson, discusses how clinical trials receive funding from one of three main sources: Private Industries, Government, or Foundations. Do you raise money for mesothelioma research? Let us know how in the comments below or on Facebook.
“Hi, I’m Kaylen and I’m the Medical Outreach Director for The Mesothelioma Center. Patients often ask me about the latest research in mesothelioma treatment and ways they can get involved in clinical studies. I’m always happy to connect patients to studies and trials that fit their diagnosis. However, since only about 3000 patients are officially diagnosed with mesothelioma each year, these trials are often rare and difficult to get funded.
Today I wanted to go over the three major sources of clinical trial funding:
The first is through industry support. This includes commercial companies, like those in the pharmaceutical or biomedical industries. These companies invest in developing new therapeutics that they hope will be profitable. This accounts for the largest portion of monetary funding for clinical trials.
The second way that clinical trials are funded is through government support. This includes states and federal grants like those from the Department of Defense and the National Institutes of Health. The purpose of these grants is to learn more about the diagnosis and also improve overall patient care.
The third way that clinical trials receive funding is through foundations. This includes not-for-profits, universities, cancer centers and other organizations. Typically these foundations focus on promising areas of research that might not otherwise receive funding from Industry or Government grants. This is a very important thing for rare cancers like mesothelioma.
It’s up to the doctors and the researchers to present their information and apply for these grants and hopefully receive funding from one or many of these sources. However, now that you know a little bit more about clinical trials and how they get funded, I look forward to sharing ways that you can get involved and help out.
Tune in next week when we go over ways you can raise awareness and help get involved through raising money for mesothelioma clinical trials. And thanks for watching!”
Stay tuned next week for ways you can directly help raise money for mesothelioma research. If you do already, let us know how in the comments below or on Facebook so we can spread the word!