Phase II

Pain & Anesthesiology

pain 41#48volume 313#60

Pain rank 48 of 76, volume rank 60 of 76 by industry trials. Trials here amend about 0.9x and fail enrollment about 1.2x the map median.

What this is worth

The amendment proxy, priced. Order of magnitude, anchor cited, assumptions on the table.

Per 100 industry trials in this cell, about 36 rewrite their eligibility criteria at least once. At the industry average of $450k direct cost per amendment, with the 6+ weeks of delay each not even counted, that is at least $16M at stake per 100 trials. Across the roughly 313 industry trials here, the floor is $50M.

If amendments fell by10%$5M30%$15M50%$25M

Assumes $450k direct cost per amendment (industry average; Phase II median runs lower, Phase III higher, and delay cost is excluded), applied to the proxy rate. The proxy counts only trials with at least one eligibility change, so this understates the true exposure. How this is derived.

The signals

Industry sponsors first, since that is the commercial buyer, each figure shown against the map median. All-sponsor figures follow. A trial counts as concluded once it has finished, whether completed, terminated or withdrawn.

Industry sponsors41pain index
Eligibility amendments
36%vs map 40%proxyn = 45sampled
Enrollment failure
16%vs map 13%n = 286concluded
Startup lag
36 dvs map 45.5 dn = 141with dates
Median duration
6.2 mon = 288completed
All sponsors48pain index
Eligibility amendments
29%proxyn = 86sampled
Enrollment failure
17%n = 738concluded
Startup lag
64 dn = 450with dates
Median duration
12.0 mon = 892completed
Why these trials stoppedsponsor decision leads

The most common category here is sponsor decision (12 of 45 stopped). A keyword pass runs first; free text it could not place was sorted once by a frozen AI classification into these same categories, auditable rather than a live model. "No enrollment recorded (inferred)" is not a stated reason: it is read from a zero enrollment count, meaning the trial never enrolled anyone. "Not reported" means the sponsor left the field blank, shown rather than hidden.

Sponsor decision12 (27%)
Safety or tolerability6 (13%)
Efficacy or futility6 (13%)
Not reported5 (11%)
Low accrual5 (11%)
No enrollment recorded (inferred)inferred2 (4%)
Logistics or operations2 (4%)
Never initiated2 (4%)
Superseded by another study1 (2%)
Completed or objective met1 (2%)
Business or funding1 (2%)
Feasibility or operational failure1 (2%)
Other stated reason1 (2%)
n = 45terminated or withdrawn
Evidence12 trials

A sample of terminated or withdrawn trials in this cell. Each links to its ClinicalTrials.gov record.

TrialSponsorStatusStated reason
NCT06509958Shanghai Hengrui Pharmaceutical Co., Ltd.terminatedSponsor decision
NCT05838755GlaxoSmithKlineterminatedEfficacy or futility
NCT05470075Jiangsu HengRui Medicine Co., Ltd.terminatedSponsor decision
NCT05412992Teikoku Pharma USA, Inc.terminatedSafety or tolerability
NCT05394402Jiangsu HengRui Medicine Co., Ltd.terminatedSponsor decision
NCT05260008Allay Therapeutics, Inc.terminatedSponsor decision
NCT05125978EMSwithdrawnSponsor decision
NCT04666701EMSwithdrawnSponsor decision
NCT04593329EMSwithdrawnSponsor decision
NCT04484428Kowa Research Institute, Inc.terminatedSponsor decision
NCT04139330NobelpharmaterminatedLow accrual
NCT04104919Adynxx, Inc.withdrawnLogistics or operations

Pain & Anesthesiology at other phases