Phase IV

Rare & Genetic

pain 94#3volume 145#72

Pain rank 3 of 76, volume rank 72 of 76 by industry trials. Trials here amend about 1.5x and fail enrollment about 1.7x 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 61 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 $27M at stake per 100 trials. Across the roughly 145 industry trials here, the floor is $40M.

If amendments fell by10%$4M30%$12M50%$20M

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 A trial counts as concluded once it has finished, whether completed, terminated or withdrawn.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 sponsors94pain index
Eligibility amendments
61%vs map 40%proxyn = 137sampled
Enrollment failure
23%vs map 13%n = 114concluded
Startup lag
94 dvs map 45.5 dn = 91with dates
Median duration
28.0 mon = 141completed
All sponsors93pain index
Eligibility amendments
48%proxyn = 230sampled
Enrollment failure
22%n = 263concluded
Startup lag
107 dn = 208with dates
Median duration
28.0 mon = 363completed
Why these trials stoppedexternal or regulatory leads

The most common category here is external or regulatory (8 of 26 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.

External or regulatory8 (31%)
Low accrual6 (23%)
Not reported2 (8%)
Safety or tolerability2 (8%)
Change in standard of care2 (8%)
Other stated reason2 (8%)
Sponsor decision1 (4%)
Feasibility or operational failure1 (4%)
Logistics or operations1 (4%)
No enrollment recorded (inferred)inferred1 (4%)
n = 26terminated or withdrawn
Evidence12 trials

A sample of terminated or withdrawn trials in this cell.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

TrialSponsorStatusStated reason
NCT06666335Swedish Orphan BiovitrumwithdrawnSponsor decision
NCT06015750Alexion Pharmaceuticals, Inc.withdrawnExternal or regulatory
NCT05494593TakedawithdrawnLow accrual
NCT04306510Akcea TherapeuticsterminatedSafety or tolerability
NCT04189315Alexion Pharmaceuticals, Inc.withdrawnLogistics or operations
NCT04143958SanofiwithdrawnLow accrual
NCT04133480Jazz PharmaceuticalswithdrawnLow accrual
NCT03021941PfizerwithdrawnExternal or regulatory
NCT02823470Vertex Pharmaceuticals IncorporatedterminatedLow accrual
NCT02476994Baxter Healthcare CorporationterminatedExternal or regulatory
NCT02248922Novartis PharmaceuticalsterminatedLow accrual
NCT01698944Novo Nordisk A/SterminatedLow accrual

Rare & Genetic at other phases