Pharma and Biotech Industry Management
Randomized controlled trials (RCTs) are a type of scientific experiment that aim to reduce bias when testing the effectiveness of new treatments or interventions. In RCTs, participants are randomly assigned to either the treatment group or the control group, allowing researchers to compare outcomes objectively and establish causality. This method is vital for validating new drugs and medical devices, influencing industry trends and management practices in pharmaceutical and biotechnology sectors.
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