Re: Accounting for Clinical Trials
Doug Wilkerson 31 Oct 2003 14:05 EST
How much Residual is too much??? After your PI certifies that he/she has paid all internal and external bills (and you verify this however you can) and you have a "release" from the sponsoring company saying that they are satisfied that you have delivered everything that you promised, what percentage of the revenues would you expect (and be comfortable with) being left in the study account? Is 10% OK? How about 30%? How about 70%? OR, is too much like pornography "you know it when you see it"?
Doug Wilkerson, Ph.D. Phone: (419) 383-4252
Assoc. Vice Pres. for Research Fax: (419) 383-4262
Professor of Pharmacology E-mail: xxxxxx@mco.edu
Research & Grants Admin. Web: www.mco.edu/research
Block Health Sci. Bldg., Rm. 148
3035 Arlington Ave.
Toledo, OH 43614-5804
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