Phase II

Psychiatry

pain 64#26volume 923#26

Pain rank 26 of 76, volume rank 26 of 76 by industry trials. Trials here sit close to the map median on both amendments and enrollment failure.

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 43 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 $19M at stake per 100 trials. Across the roughly 923 industry trials here, the floor is $180M.

If amendments fell by10%$18M30%$54M50%$90M

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 A trial counts as concluded once it has finished, whether completed, terminated or withdrawn.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 sponsors64pain index
Eligibility amendments
43%vs map 40%proxyn = 44sampled
Enrollment failure
15%vs map 13%n = 794concluded
Startup lag
56 dvs map 45.5 dn = 498with dates
Median duration
14.6 mon = 863completed
All sponsors76pain index
Eligibility amendments
45%proxyn = 89sampled
Enrollment failure
16%n = 2,916concluded
Startup lag
100 dn = 1,932with dates
Median duration
24.0 mon = 3,526completed
Why these trials stoppedlow accrual leads

The most common category here is low accrual (30 of 121 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.

Low accrual30 (25%)
Sponsor decision29 (24%)
Efficacy or futility12 (10%)
Not reported11 (9%)
Safety or tolerability11 (9%)
Business or funding6 (5%)
Logistics or operations6 (5%)
No enrollment recorded (inferred)inferred6 (5%)
Other stated reason5 (4%)
Superseded by another study2 (2%)
External or regulatory1 (1%)
Feasibility or operational failure1 (1%)
Never initiated1 (1%)
n = 121terminated or withdrawn
Evidence12 trials

A sample of terminated or withdrawn trials in this cell.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

TrialSponsorStatusStated reason
NCT06673368Neurocentria, Inc.terminatedLow accrual
NCT06648655Tempero Bio, Inc.terminatedSafety or tolerability
NCT06423794Biohaven Therapeutics Ltd.terminatedSponsor decision
NCT06045793Tonix Pharmaceuticals, Inc.terminatedLow accrual
NCT05941442AbbVieterminatedLow accrual
NCT05839509GH Research Ireland LimitedterminatedLow accrual
NCT05804708GH Research Ireland LimitedterminatedLow accrual
NCT05733390Jazz PharmaceuticalswithdrawnSponsor decision
NCT05594667Cybin Therapeutics Inc.withdrawnBusiness or funding
NCT05438758Zylorion HealthwithdrawnSponsor decision
NCT05413187TO PharmaceuticalswithdrawnLogistics or operations
NCT05372887Tonix Pharmaceuticals, Inc.withdrawnSponsor decision

Psychiatry at other phases