hey guys ECR G here and today we're gonna talk about the difference between
a high stake sponsor and a low stake sponsor alright stay tuned hey guys ECR
G here and today we're gonna be talking about the difference between high stake
sponsor and a low stake sponsor and why this is important alright guys so a lot
of you may know about different sponsors but you may not know that they're
categorized into high stakes versus low stakes now a high stake sponsor is
somebody who's literally betting it all it's you know it's a high stakes there
are typically a smaller company very small they'd only have like one drug or
one medical device or like one molecule that they've been working with that's
why it's high stakes they're betting it all on this one molecule they're
normally gonna be you know searching for investors or they have a few investors
already but they're gonna be constantly pitching to new investors to kind of
stay afloat in the market place you know it's it's high stakes they're not going
to be slow and steady like some of these other companies high stakes you know
like I said they're typically smaller companies they may get bought up in the
middle of the trial if it's promising by some of the bigger medical companies if
the drug is promising while in clinical research it's not bad for research if a
drug is not approved because a negative result is still a good result because at
least the future scientists know not to go down that path that that path doesn't
work but for a high stakes company if their drug is not approved that means
they're pretty much out of business you know it's not good for them if their
drug is not approved even though it's still good for science as a whole so
that's a high stakes now a low stakes company this is gonna be a big company
like your Pfizer is like your Johnson & Johnson and like your Merck they already
have drugs that are profitable in their pipeline they've been making money
they're not gonna die or go out of business if their clinical trial doesn't
it doesn't work you know low stakes they've already had made a lot of money
and they're just you know slow and steady trying to get
more drugs to the market now typically a high-stake sponsor they're gonna pay a
lot more attention to milestones because that means they're gonna be able to go
back to their investor and say that the drug is meeting these milestones the
investors will be able to give them more money to continue the trial so they're
typically gonna be very weary of milestones like first patient in last
patient in make sure that database lock is met on time this is very important to
them so they can get money in their pocket to continue on with the clinical
trial now not only are they scrambling to find money and a high stake sponsor
they are gonna be typically shorted they're typically gonna have a shortage
of resources to experience processes and procedures just overall infrastructure
because they're not as big as some of the Giants or not they're not low stakes
they're high stakes so they're just gonna you know it's gonna be a different
experience dealing with the high stakes versus a low stakes sponsored especially
on the project management side of things and because it's high stakes for these
guys this may come off and your interaction with them meetings may be a
little bit more pressurized they're gonna be a little bit more uptight about
things making sure things are going according to Deadline
and you're obviously gonna feel that feel that tension to feel that lack that
urgency with dealing with these individuals in the high stakes sponsored
group not saying that the low stakes sponsored group they're getting they're
not gonna have that urgency but you'll definitely feel a difference there
alright guys those are the main differences between a high stakes and a
low stakes sponsor and I hope you guys enjoyed this video please like it if you
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