Application: Clinical Research Funding You are a CRA who works in a university lab that has been focusing on the area of Alzheimer’s disease for 15 years. Your team has discovered a compound which appears to impact the formation of characteristic neurological tangles seen in Alzheimer’s in your rodent model of the disease. Neither the lab’s research budget nor the university have the financial capacity to fund future studies which could bring this decrease in the progression of symptoms or the possible cure to the public. To prepare for this Application Assignment, review the Learning Resources for the week, including the presentation in the media by Dr. Kenneth Kaitin, Chapter 5 from the Bazell text, and the Shaw article. Consider the potential ramifications of accepting each of these different types of research funding.
Write a 2- to 3-page paper in which you identify the various funding options which might be available to you to help develop your novel compound. Analyze at least one potential benefit and one potential challenge presented by each funding source option. Describe why your team’s research is worthy of receiving funding.
Sample Solution