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Lucrative Drug Trials Prompt Hospitals to Join Forces

  • Consortiums hope to compete with large urban medical centers
  • Drugmakers can pay more than $10,000 per patient for trials
Inside Driver Laboratory as Harvard Doctors Backed by Li Ka-shing Try a Fix For Cancer Care
Photographer: Sanjit Das/Bloomberg
Corrected

Small hospitals need money. Drug companies need patients for tests. Both sides say they’ve found a solution.

Regional hospitals across the U.S. are banding together to make it easier for pharmaceutical companies to use their facilities for clinical trials, a strategy that could boost revenue and give drugmakers increased access to patients.