BIT (ASX) BIT Charting

Originally posted by jebby: ↑

Aquestion to AI Copilot
How long does it usually take to analyse thousands of data sets in a phase 2 trial by a biotech company using athird party to analyse the results?

The Answer
Analyzing thousandsof data sets in a Phase2 clinical trial is a complex process that involves several factors. While the exact duration can vary based on the specifics of the trial, here are some key considerations:
Data Collection: Before analysis begins, data must be collected from the trial participants. This includes information related to the treatment, patient demographics, adverse events, and other relevant variables. The time required for data collection depends on the trial’s duration and the number of participants.
Data Cleaning and Preparation: Raw data often contains errors, missing values, and inconsistencies. Biotech companies need to clean and preprocess the data to ensure its quality. This step involves identifying and correcting errors, imputing missing values, and standardizing formats. The time needed for data cleaning depends on the complexity of the data and the efficiency of the process.
Statistical Analysis: Biostatisticians analyze the data using statistical methods. They assess treatment efficacy, safety, and other relevant endpoints. The complexity of the statistical models, the volume of data, and the specific analyses required (e.g., survival analysis, regression, subgroup analyses) impact the time spent on this step.
Third-Party Involvement: When a third-party organization is responsible for data analysis, additional coordination is necessary. The biotech company and the third party must communicate, share data securely, and agree on analysis plans. The time taken depends on the efficiency of collaboration and the third party’s workload.
Quality Control and Validation: Rigorous quality control checks are essential to ensure accurate results. Biotech companies review the analysis outputs, validate statistical code, and verify findings. This process ensures data integrity but adds to the overall timeline.
Reporting and Interpretation: Once the analysis is complete, the results need to be summarized in reports or scientific publications. Interpretation, discussion, and drawing meaningful conclusions take time.
Regulatory Submissions: If the trial results are intended for regulatory submissions (e.g., to obtain drug approval), additional time is needed to prepare documentation and address any queries from regulatory agencies.
Summary:
Duration: The entire process can take several weeks to several months, depending on the trial’s complexity, data volume, and organizational efficiency.
Variability: Each trial is unique, so there is no fixed timeframe. Some trials may be expedited, while others require more time.
Collaboration: Effective communication and collaboration between the biotech company and the third party are crucial for timely analysis.
Remember thataccurate and thorough analysis is essential for making informed decisions indrug development. Rushing the process can compromise the quality of resultsand impact patient safety and scientific validity

Expand

Interesting and informative post, but I think the problem here is the complete neglect of informing the, extremely important shareholders, that analysis of the trial results is progressing smoothly, albeit slowly.
After all they have nothing else to do except overseas holidays and knitting.

No.	Vol.	Price($)
2	121152	2.6¢

No.

Vol.

Price($)

121152

2.6¢

Price($)	Vol.	No.
2.8¢	100000	1

Price($)

Vol.

No.

2.8¢

100000

No.	Vol.	Price($)
1	164	0.027
1	21152	0.026
7	499400	0.025
2	3453333	0.024
1	130000	0.023

No.

Vol.

Price($)

164

0.027

21152

0.026

499400

0.025

3453333

0.024

130000

0.023

Price($)	Vol.	No.
0.026	163	1
0.027	158000	2
0.028	145600	2
0.029	10000	1
0.030	61408	4

Price($)

Vol.

No.

0.026

163

0.027

158000

0.028

145600

0.029

10000

0.030

61408

(20min delay)
Last 2.6¢		Change -0.001(3.70%)		Mkt cap ! $23.45M

Open	High	Low	Value	Volume
2.8¢	2.8¢	2.6¢	$8.096K	297.6K

BIT Charting, page-1386

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

Telstra profits slide 12.8% in FY 2024, but growth evident in most sectors

Orpheus delays drilling at South Australian play Frome, on traditional owner advice

IRIS Metals sniffs 75 metres of lithium in South Dakota, pushing share price up 9.99%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

BIT Charting, page-1386

Top Stories

Bitcoin: Current State of Play & Where to Next | Swyftx

Emerald & Azure score Digger & Dealer awards

Telstra profits slide 12.8% in FY 2024, but growth evident in most sectors

Orpheus delays drilling at South Australian play Frome, on traditional owner advice

IRIS Metals sniffs 75 metres of lithium in South Dakota, pushing share price up 9.99%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News