The cost of failed clinical trials is high and the industry needs to focus on ways to reduce the continuously high failure rate. Companies need to make better decisions - back the best trials and put resources in the right place.
nQuery Bayes (an nQuery add-on module) allows Bayesian calculations to address these issues. Currently in nQuery Bayes, the following methods are available to researchers:
What are the benefits to researchers?
Researchers are now able to:
This brief white paper examines industry challenges and how Bayesian Posterior Credible Intervals, Mixed Bayesian Likelihood and Assurance can help solve them.