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By Michael Wong | January 23, 2022.
Earn Money Participating In Paid Clinical Trials
Did you know you can earn $1000s participating in paid clinical trials?
What are clinical trials? How much do they pay? Where can you find clinical trials near you?
Read this article for answers to those questions and more.
What Is A Clinical Trial?
A clinical trial is a research study on volunteers under the supervision of a physician and other research professionals, that explores whether a medical strategy, treatment, or device should be approved for wider use in the general population.
How Much Do Clinical Trials Pay?
Clinical trials can pay quite well. Paid clinical trials pay anywhere from a few hundred dollars to as much as $8,000 or more.
Inpatient trials (overnight stay required) typically pay more than outpatient trials (day visit).
Many clinical trials do not offer any monetary compensation. The compensation comes in the form of potentially receiving a new treatment for the disease/condition you have.
Who Can Participate In Clinical Trials?
Before joining a clinical trial, a volunteer must qualify for the study. Qualifying factors may include gender, age, whether or not you smoke, your BMI, the type and stage of a disease, previous treatment history, and other medical conditions.
Some clinical trials want volunteers with specific illnesses or conditions, while others require healthy volunteers.
Clinical Trial Phases
Clinical trials are conducted in a series of steps, called "phases." Each phase is designed to answer a separate research question:
- Phase 1: Researchers test a new drug or treatment in a small group of people (20 to 80) for the first time to evaluate its safety, safe dosage range, and side effects.
- Phase 2: Researchers test the drug or treatment on a larger group of people (100 to 300) to see whether it is effective and to further evaluate its safety.
- Phase 3: Researchers test the drug or treatment on large groups of people (1,000 to 3,000) to:
- confirm its effectiveness
- monitor any side effects
- compare the product's effects to a standard treatment, if one is already available
- collect information that will allow the drug or treatment to be used safely
Inpatient Paid Clinical Trials
With inpatient paid clinical trials, you must stay at the facility which can be as short as overnight, to one to two weeks, or even longer. There may also be follow-up calls.
Outpatient clinical trials only require you to visit the facility during the day. You are not required to stay overnight.
Your health is monitored during and after the trial.
Benefits Of Clinical Trials
Benefits of participating in a clinical trial are that you:
- can earn up to many thousands of dollars
- find out about your health without having to pay for tests (physical exam, blood tests, EEGs, EKGs, MRIs, etc.)
- gain access to research treatments before they are widely available
- help others by contributing to medical research
Risks of Clinical Trials
Participating in clinical trials may post potential risks to your health. Some treatments can have unpleasant, or even serious, side effects. Often the side effects are temporary and end when the treatment is stopped.
However, some side effects can be permanent. Some side effects appear during the clinical trial. Other side effects may not show up until after the study is over.
The risks depend on the treatment being studied and your health. Researchers will explain fully all known risks before the trial begins. If new risk information becomes available during the trial, researchers are required to inform you of it.
I would suggest you ask every question you can think of to fully understand what the potential health risks are. Always consult with a physician. Then seriously consider the reward versus potential health risks, before you agree to participate in a paid clinical trial.
Clinical Trial Regulation
Most clinical trials are federally regulated by the Office for Human Research Protections (OHRP) in the Department of Health and Human Services (HHS).
The Food and Drug Administration (FDA) has authority over clinical trials for drug, biologic, and medical device products regulated by the agency.
Many clinical trials are not subject to FDA regulation but are monitored by the institution sponsoring the trial, such as a hospital.
To help protect the rights and welfare of volunteers and verify the quality and integrity of data submitted for review, the FDA performs inspections of clinical trial study sites and anyone involved in the research.
What Is Informed Consent?
The FDA requires that prior to agreeing to participate in a clinical trial, a volunteer has the right to know and understand what will happen during a clinical trial.
The process is known as "informed consent," and it must be in writing.
You are not obligated to join a clinical trial, but can consent to participating, if you feel the potential risks and benefits are acceptable.
You have the right to leave a study at any time, without penalty or loss of benefits to which you are otherwise entitled.
Conversely, you will be informed of circumstances that may arise which your participation may be terminated by the researcher, without your consent.
Here are two examples of when your participation may be terminated by the researcher:
- If it becomes evident that a trial is not working, researchers may decide to terminate the trial.
- If an unexpected change occurs in your health, it would not be in your best interest to continue, and it would not be consistent with what the researchers are trying to study.
Informed Consent Requirements
The FDA require researchers to inform clinical trial participants:
- the purpose of the clinical trial
- that the study involves research of an unproven drug, biologic (such as a vaccine, blood product, or gene therapy), or medical device
- what will happen during the clinical trial
- which parts of the clinical trial are experimental
- how long you are expected to participate in the clinical trial
- the possible risks or discomforts
- the possible benefits to you
- other procedures or treatments that might be advantageous to you instead of the treatment being studied
- whether any compensation and medical treatments, if any, are available if you are injured, what those treatments are, where they can be found, and who will pay for the treatment
- that participation is voluntary
- that you can quit the clinical trial at any time, without penalty or loss of benefits to which you are otherwise entitled
- the person to contact with questions about the study, your rights, or if you get hurt
- that the FDA may look at the clinical trial records, but the records will be kept confidential
How To Find Paid Clinical Trials Near You
The best way to find local paid clinical trials near you is to visit Google.com and conduct a search that includes:
- the name of your city/town
- the search term: paid clinical trials
For example:
new york paid clinical trials
3 Sample Paid Clinical Trials
Here are three organisations offering paid clinical trials. Visit each website for the latest trials.
- Earn $2,500 to $8,000+ participating in Covance clinical trials.
- Refer a friend to a clinical trial and earn up to $500 per qualified referral.
- Sample clinical trial #1:
- Investigational drug being developed for diseases, such as multiple myeloma, a type of blood cancer. The purpose of this part of the study is measure how much of the study drug gets into your blood and urine, and if it has any effects on heart rhythm. You will receive a single, oral dose of the study drug or a placebo (inactive substance).
- Qualifications:
- Gender: Both
- Age: 18 to 55
- Location: Daytona Beach, FL.
- Women must be postmenopausal or surgically sterile.
- Time required: 4 overnights, 2 outpatient visits, and 1 phone call.
- Compensation: $2,768
- Sample clinical trial #2:
- Qualifications:
- Gender: Both
- Age: 18 to 55
- Location: Dallas, TX.
- BMI: 18-30.
- Time required: 2 stays of about 2 weeks each with 6 outpatient visits, and 1 follow-up phone call, all spanning 2 months.
- Compensation: Up to $8,837
- Locations:
- Dallas, TX
- Daytona Beach, FL
- Madison, WI
- Covance Inc., is part of Laboratory Corporation of America Holdings, an $18 billion publicly traded company (http://c1ick.us/labcorp-nys).
- Employees: 10,001+ (http://c1ick.us/labcorp-lkd)
- Minimum age: 18+
- Countries: USA
- Free to join: Yes
- Earn up to $3,000+ participating in clinical trials at Parexel's Baltimore clinic.
- Sample clinical trial #1:
- Qualifications:
- Healthy volunteers of African descent.
- Gender: Male, female, non-smoker.
- Age: 18 to 55
- BMI: 18 to 32
- Baltimore (MA) clinic.
- Time required:
- 2 screening visits.
- 1 in-house stay of 9 nights / 8 days, and 1 outpatient follow-up.
- 2nd screening visit will be scheduled upon receipt of genotype lab results (within 14-21 days of 1st visit).
- Compensation: up to $3,100
- Sample clinical trial #2:
- Qualifications:
- Gender: Male, female.
- Age: 18 to 50
- Diagnosed with Schizophrenia.
- Taking medication for schizophrenia at a stable dose for at least 2 months.
- Glendale (CA) clinic.
- Time required:
- Evaluation in the clinic to see if you qualify.
- 4 in-house stays.
- 1 stay of 5 days/4 nights.
- 3 stays of 4 days/3 nights.
- 9 outpatient visits.
- Compensation: Up to $8,085
- Employees: 10,001+ (est. 1982) (http://c1ick.us/parexel-lkd)
- Minimum age: 18+
- Countries: USA, UK, Germany.
- Free to join: Yes
- Earn up to $800 participating in clinical trials at Rochester Clinical Research in New York and the five counties surrounding it.
- 34,000+ volunteers, many of whom have participated in multiple paid clinical trials.
- Sample clinical trial #1:
- Investigational drug administered orally once daily in patients with knee osteoarthritis. The drug is aimed at reducing cartilaginous degradation and hopefully improve pain and function in the arthritic knee.
- Qualifications:
- Age: 40 to 75
- BMI: Less than 40kg/m2.
- History of knee pain for at least 6 months.
- You're happy to receive (free of charge - health insurance is not required):
- 3 MRIs of the knee
- 2 x-rays of the knee
- Time required:
- Up to 2 screening visits
- 3 days/2 nights admission
- 3 follow-up visits
- Compensation: Up to $575
- Sample clinical trial #2:
- 60 week long research study to evaluate the efficiency of a daily oral migraine medication that could potentially prevent your migraines or reduce the number of headache days each month.
- Qualifications:
- Age: 18 to 80
- History of migraines for at least 1 year with an onset before the age of 50.
- Experiencing 4 to 14 migraines per month.
- Time required: 16 visits to Rochester Clinical Research.
- Compensation: $800
- Employees: 11-50 (est. 1994) (http://c1ick.us/rochesterclinicalresearch-lkd)
- Minimum age: 18+
- Countries: USA
- Free to join: Yes