MODULE 2: Clinical Trial Phases

Understanding the Journey from Preclinical to Post-Market—And the Disasters Along the Way

Learning Objectives

By the end of this module, you'll be able to:

Table of Contents

Audio: Understanding Clinical Trial Phases

Video: Clinical Study Gauntlet

Section 1: Why Understanding Clinical Phases Matters

Here's the Reality:

Drugs don't just magically appear on pharmacy shelves; they go through a gauntlet of testing. And often drugs fail. Sometimes spectacularly, in full public view. Your job as a sales rep is to know where your drug has been, what it survived, and what could still go wrong.

The Drug Development Marathon

Drugs endure an arduous developmental path. Screening hundreds of thousands of compounds may yield a few hundred potential candidates. Only a few of these potential candidates become "lead compounds" toward research and development (R&D) within a company's clinical pipeline. Each step of preclinical and clinical development is strictly regulated by a country's government agency, which in the US is the FDA (Food and Drug Administration), part of the Department of Health & Human Services (HHS).

Manufacturers must document ALL aspects of a drug's preclinical and clinical development for regulatory scrutiny. That means MOUNTAINS of paperwork. If you think YOUR job has bureaucracy, imagine being the scientists and the regulatory affairs professionals!

The Cost of Each Phase

clinical trials get exponentially more expensive as a therapeutic "candidate" moves through the trial phases. Depending on the disease, the number of patients* may be significantly fewer (for example, in a rare or orphan disease) than the generalized "number" in the table below.

Phase Number of Patients* Typical Cost What Can Go Wrong
Phase I 20-100 $1-5 million Severe adverse events, dosing disasters
Phase II 100-500 $10-50 million No efficacy signal, wrong endpoints
Phase III 1,000-5,000+ $100-500 million Fails to beat placebo/competitor
Phase IV Thousands $50-200 million Real-world safety issues emerge

Each Phase Answers a Different Question

Think of clinical development as a series of gates. Each phase is designed to answer a specific question:

⚠️ The average cost to bring ONE drug to market costs ~$2.6 BILLION. 90% of drugs that enter Phase I will NEVER make it to approval. At EVERY phase of drug development, things can — and DO — go catastrophically wrong.

Section 2: Preclinical — "Is This a Drug?"

🔬 What Happens in Preclinical Studies

Preclinical studies involve cell or animal models to identify potential drugs.

Goal: Evaluate the safety and therapeutic profiles of a potential drug in a controlled and contrived environment.

The Problem with Animal Models

What works in mice doesn't always work in humans. In fact, about ~90% of drugs that pass preclinical testing FAIL in human trials:

Since ~90% of drugs that pass preclinical testing FAIL in humans, since animal models don't perfectly predict human response, and since preclinical studies test safety and mechanism in cells and animals BEFORE human trials... Preclinical data discussions tend to fall under medical affairs' communication domains.

⚠️ Marketed drugs may show preclinical data in new (translation: off-label) applications that the physician community hears about. Thus, when/if doctors ask about preclinical data, be ready to share your company's medical affairs (medical science liaison) contact.

Section 3: Phase I — "Is This Drug Safe?"

💊 What Happens in Phase I Trials

Phase I trials may be called introductory, pilot, feasibility, or prototype studies.

Primary Goal: Test the safety of a drug in a small group of human subjects (typically 20-100 people) and identify:

Finding the Dose

Phase I trials are sometimes referred to as "dose finding" or "dose escalation" studies because their primary goal is to assess the maximum tolerated dose (MTD) of a therapeutic.

Other parameters in the safety profile of a prospective treatment include:

How Dose Escalation Works

A dose escalation usually begins with a small group of patients, called a cohort, who receive a starting dose of the therapeutic.

Depending on the side-effect profiles experienced by the first cohort, successive cohorts will receive increasing doses of the drug until the clinical investigator determines that the therapy's side effects have become unacceptable.

This dose-limiting toxicity (DLT) marks the highest dose used before the unacceptable side effect appears. Once the MTD and DLTs have been established, the therapeutic enters Phase II trials, which involve larger sample sizes and patients with conditions for which the therapy would be indicated.

Important Note: Dosages used in subsequent trials are usually LESS than the MTD determined in the Phase I trial. Additionally, side-effect profiles observed in Phase I studies provide clues to how side effects may be effectively managed in later clinical studies.

Who Participates in Phase I Trials?

Most Phase I studies involve human subjects who are healthy volunteers. Some Phase I studies involve patients with a pre-existing condition for which no alternative treatments may exist. Phase I studies are prominent in oncology, where novel therapeutics are tested in cancer patients whose conditions are refractory (resistant) to available treatments.

Ethical Considerations: Clinical investigators view Phase I trials as ethically complex based on the risk-benefit ratio. Phase I clinical trials have a favorable risk-benefit ratio for cancer patients, who often have advanced cancer and have exhausted available treatment options. However, the use of healthy volunteers in non-oncology Phase I trials raises different ethical concerns.

Cancer patients (with compromised liver/kidney function) can get the same dose as what a healthy human subject (volunteer) appears to tolerate in Phase I. However, due to compromised organ function(s) from disease or prior medications/treatments, cancer patients are unable to metabolize / clear out the drug as quickly. Drug then accumulates in the cancer patients' organ(s). Result? Unexpected toxicity in Phase II. This is why most oncology Phase I trials now use actual cancer patients instead of healthy volunteers—even though it's riskier for those patients.

⚠️ Healthy volunteers metabolize drugs differently than sick patients. Clinical study patients can also metabolize drugs differently than "real world" patients. This is why Real World Evidence (RWE) matters.

Section 4: Phase II — "Will This Drug Work?"

📊 What Happens in Phase II Trials

Phase II trials assess the efficacy of the drug in a given indication. Phase II studies are often expansions of Phase I trials (scale-up in more patients, typically 100-500). In some cases, drugs have been approved based on results of Phase II studies alone—especially in rare diseases where large Phase III trials aren't feasible.

What Makes Phase II Critical

The "scientific robustness" (Level of Evidence) of experimental design and timeliness of completion of Phase II trials are important, especially:

National guidelines shape prescribing decisions by accounting for treatment goals and therapeutic clinical data in a disease state. These same treatment goals or clinical outcomes are considered during clinical study design to most accurately detect the therapeutic effect(s) of a drug.

Example of a Phase II Fail: REGEN-001 (BC 007) for Long COVID

The Phase II trial for REGEN-001 (BC 007) by Berlin Cures, an immunology drug previously promising for heart failure, failed to improve symptoms in patients with chronic Long COVID in 2025.

Key Failure Concept: Inappropriate Endpoints and Patient Selection. The trial struggled due to a too diverse patient group and inappropriate trial endpoints, highlighting the complexity and differences in post-viral syndromes.

Example of a Phase II Success: MM120 (LSD for Anxiety)

MindMed's Phase II trial for MM120 (LSD) for Generalized Anxiety Disorder (GAD) was a major SUCCESS. The positive results earned significant media buzz and potential FDA fast-track designation, demonstrating a clear efficacy signal that justifies a large Phase III trial.

Remember: Phase II tests efficacy — "Will this drug work?" (not just "Is it safe?") 70% of Phase II trials fail because the wrong endpoints or patient population were selected, or the drug candidate showed no efficacy signal. Drugs for rare diseases may get approved on Phase II alone, but confirmatory trials are usually required, and because of the small sample size, important safety signals may not emerge until later or with more patients.

⚠️ Phase II can be a GAME-CHANGER when the trial is well-designed, the endpoint is clear, and the effect size is large. This is why rigorous Phase II data matters.

Section 5: Phase III — "Does This Drug Work?"

🏆 What Happens in Phase III Trials

Phase III trials are the make-or-break stage, often called comparative or head-to-head trials. ThePrimary goal of Phase III studies is to confirm the drug's efficacy by comparing against a competitor or placebo, and to fully assess the safety profile in a large, diverse patient group. Trials are typically randomized, multi-center, and involve a large number of patients (1,000 to 5,000+).

The Scale and Cost

Phase III studies are extremely costly (typically $100–$500 million) and can take a long time to complete recruitment, collect and analyze data, and share/publish results. Approximately 50% of Phase III trials fail, often because the promising Phase II data was misleading or the trial design was flawed.

Example of a Phase III Fail: Relyvrio (ALS) — The Accelerated Approval Trap

Relyvrio (for ALS) received FDA Accelerated Approval based on small Phase II data (CENTAUR study) but subsequently failed its confirmatory Phase III trial (PHOENIX) in 2024, leading to its market withdrawal.

This disaster underscored a risk and ethical dilemma of the accelerated approval pathway. Should the FDA approve drugs based on weak Phase II data to give patients a potential treatment option where few or none exists, or wait for rigorous Phase III data to ensure the drugs actually WORK? Patients receiving accelerated approval study drugs trade the promise of a potential treatment that makes a difference in their disease against the real possibility that the study drugs may not work for them, and they may have lost precious time to the experimental drugs.

Phase III is the "make or break" trial that is large (1,000-5,000+ patients), expensive ($100-500M), and confirmatory. ~50% of Phase III trials fail because Phase II data was misleading or trial design was flawed. Accelerated approvals are risky — if confirmatory Phase III fails, the drug may get pulled from the market if alternative study designs or inappropriate or not (financially) feasible, and company programs (and people) who support that pipeline drug may lose their jobs. Comparative trials matter — doctors want to know how your drug stacks up against competitors or standard of care.

If your drug was granted accelerated approval, be transparent. Acknowledge the pathway's risk while confidently stating you're running (or have completed) the required confirmatory Phase III trial to support the earlier data.

Section 6: Phase IV — "What's the REAL WORLD Evidence?"

🌍 What Happens in Phase IV Trials

Phase IV trials, or Post-Marketing Studies, are conducted after the drug has been approved and is on the market. These studies are designed to gather additional safety and efficacy data, often mandated by the FDA. Companies also use Phase IV to differentiate their drug from competitors and potentially support future label expansions.

A crucial distinction exists between these controlled studies and general surveillance: Post-marketing Phase IV studies are experimental, whereas patient registries (a source of RWE) are observational.

The Rise of Real-World Evidence (RWE)

In 2025, Real-World Evidence (RWE) has become a major focus, representing data collected from non-trial sources like electronic health or medical records (EHRs or EMRs), insurance claims databases, and wearable devices. RWE is critical because controlled clinical trials typically use very strict inclusion criteria, failing to represent the messy, real-world patient population.

The FDA increasingly accepts RWE to support post-market safety surveillance, new indication approvals, and changes to drug labeling. This is particularly important for identifying rare adverse events that only surface when a drug is used by thousands of patients. Safety issues not observed in trials can emerge with widespread use, leading to major consequences, including drug withdrawals, highlighting the necessity of rigorous Phase IV monitoring and RWE tracking.

🎯 REP TIP: When engaging with physicians, you must integrate both controlled clinical trial data (Phase III) and real-world evidence (RWE) (Phase IV/Observational). For example: "In our Phase III trial, we saw [X], and now with 50,000 patients on the drug in real-world practice, we're seeing consistent safety results in a much broader, more complex patient population."

Phase IV Post-marketing studies are conducted after FDA approval to gather more safety/efficacy data. RWE is critical for showing how the drug performs in real-world patients excluded from trials. Post-market failures are real, because real-world data reveal critical efficacy and safety signals that can be missed in controlled clinical study settings.

The FDA increasingly accepts RWE to support post-market safety surveillance, new indication approvals, and changes to drug labeling. This is particularly important for identifying rare adverse events that only surface when a drug is used by thousands of patients.

Section 7: Modern Trial Innovations (2025 Edition)

🚀 The Clinical Trial Landscape Has CHANGED

The clinical trial process has rapidly evolved, driven by the need for greater efficiency, flexibility, and patient centricity. Modern innovations aim to reduce time and cost while improving the quality and relevance of the data collected.

Innovation #1: Adaptive Trial Designs

Adaptive designs allow for pre-specified modifications to the trial while it is underway, based on interim results. This enables researchers to drop ineffective doses (or arms) or shift seamlessly between phases, saving time and resources. Key examples include Basket Trials (testing one drug across multiple diseases with a shared biomarker) and Umbrella Trials (testing multiple drugs in one disease based on patient biomarkers).

Innovation #2: Decentralized Trials (DCTs)

Decentralized Trials (DCTs) allow patients to participate from home, utilizing technology like telemedicine, remote monitoring devices (wearables), and home nurse visits. The primary benefit is increasing patient diversity and recruitment speed, as participants no longer need to live near a major trial site.

Innovation #3: Digital Endpoints & Patient-Reported Outcomes (PROs)

Modern trials capture data beyond traditional lab values:

Digital Endpoints: These use technology, such as wearable devices (e.g., measuring activity in heart failure trials) or smartphone apps, to collect objective, continuous data instead of relying on periodic clinic visits or patient recall.

Patient-Reported Outcomes (PROs): PROs capture the patient's direct perspective on symptoms, quality of life, and treatment satisfaction. Regulatory bodies and payers increasingly require PROs because they provide evidence that a drug improves a patient's actual life, not just their lab metrics.

🎯 REP TIP: If your drug's trial utilized any of these innovations, be ready to explain how it made the data more robust. For example: "The use of PROs meant we had objective, patient-centric data to back up the clinical endpoints".

Section 8: What Sales Reps MUST Know

⚠️ If you don't understand clinical phases, you will lose credibility instantly with a physician. Your role is to be a confident, knowledgeable resource, not just a messenger.

Key Takeaways for Every Rep

1. Master Your Drug's Journey

You must be ready to detail your drug’s specific clinical path: the number of patients studied, the primary endpoints met, and any key setbacks or safety signals encountered. Knowledge of your drug's story from Phase I to Phase IV allows you to address physician skepticism with facts.

2. Be Ready for Phase-Specific Risks

Anticipate the common failure points associated with each phase (e.g., poor safety in Phase I, lack of efficacy in Phase II, failure to beat the comparator in Phase III) and have a prepared, evidence-based response (see table below).

Phase What Can Go Wrong How to Address It
Phase I Severe adverse events, dosing disasters "Our Phase I trial had rigorous safety monitoring with no serious AEs."
Phase II No efficacy signal, wrong endpoints "Phase II showed a 40% improvement, which was confirmed in our large Phase III study."
Phase III Fails to beat placebo/competitor "Our Phase III trial met ALL primary and secondary endpoints, demonstrating superiority."
Phase IV Real-world safety issues emerge "We've been on the market for 3 years with 100K patients—the safety profile remains excellent."

3. Acknowledge Limitations and Disasters

Doctors respect transparency. Never use vague, superlative language like "100% safe". Instead, provide specific data: "In our Phase III trial, 65% of patients achieved remission, with the most common side effects being mild nausea in 10% of patients". If a doctor mentions a major industry disaster, acknowledge the lesson learned and immediately pivot to how your company's trial design specifically mitigated those risks.

🎯 FINAL TIP: Confidence comes from competence. When you truly understand the science, you can have a credible conversation with a physician instead of just reciting approved bullet points.

🎓 Practice Scenarios: Test Your Knowledge

Here are real-world scenarios reps face in the field. Use what you learned in this module to craft your responses.

The Efficacy Signal and Phase II Doubt

Doctor says: "This looks promising, but it's only Phase II data with 150 patients. I'll wait for Phase III."

✅ GOOD ANSWER (Focus on Concept & Confidence):

"That's a smart, evidence-based approach—Phase III is the confirmatory stage. You're right that Phase II is preliminary, but it proved a clear efficacy signal: our primary endpoint showed 42% complete remission vs. 18% with standard of care. We're now running a 1,500-patient Phase III trial with results expected in 6 months. Can I check back with you when those Phase III results are published?"

❌ BAD ANSWER:

"But the Phase II data is really strong! 150 patients is enough."

(Defensive, disrespects the doctor's need for confirmatory data, and ignores the 50% Phase III failure rate)

The Accelerated Approval Failure (Relyvrio Reference)

Doctor says: "We all remember Relyvrio. Approved on Phase II data, then failed the large Phase III and got pulled. Why should I trust your Phase II results if you're going for accelerated approval?"

✅ GOOD ANSWER (Focus on Risk & Mitigation):

"That's exactly the right, ethical question to ask. Relyvrio taught the entire industry about the risk of the accelerated approval pathway. Our Phase II was significantly larger—350 patients vs. Relyvrio's 137. Our endpoint was more clinically meaningful and robustly validated. We respect the pathway's risk. Would it help if I showed you the comparative trial designs to explain how we mitigated the statistical issues faced by the PHOENIX study?"

❌ BAD ANSWER:

"That was a totally different drug and disease, you can't compare them."

(Dismissive, fails to address the doctor's legitimate, concept-based skepticism about Phase II reliability for *any* accelerated drug)

The Real-World Evidence (RWE) Challenge

Doctor says: "Your Phase III trial excluded patients over 75 and anyone with renal impairment. That's simply not my everyday patient population. I need real-world data."

✅ GOOD ANSWER (Focus on RWE Integration):

"You're absolutely right. Clinical trials often use narrow criteria and don't reflect complex real-world patients. That's why our Phase IV commitment to Real-World Evidence (RWE) is so important. From our RWE database of 8,500 patients, 32% are over 75 and 41% have renal impairment. No new safety signals have emerged in these older or more complex patients. Would you like our medical affairs to share this new data when it's available?"

❌ BAD ANSWER:

"Those are standard exclusion criteria for trials, and our drug is approved now."

(True but unhelpful—dismisses the RWE concept and the doctor's specific patient care concern)

💡 Key Principles for Handling Objections

  1. Acknowledge the concern — dismissing and defending trivializes real patient concerns
  2. Provide specific data — percentages, patient numbers, timelines
  3. Show how the company addresses the concern(s) — larger trials, better endpoints, ongoing monitoring (e.g., Phase IV/RWE)
  4. Offer next steps — additional resources, follow-up conversations, MSL involvement
  5. Respect clinical judgment — "wait and see" is a reasonable conclusion even if it cuts into quarterly sales quota (you're in this for the long term, yes?)

References

  1. General development costs
    Tufts Center for the Study of Drug Development. “Cost of Developing a New Drug” (2014, updated 2023). https://csdd.tufts.edu
  2. 90 % preclinical → human failure rate
    Wong CH, et al. Estimation of clinical trial success rates and related parameters. Nat Rev Drug Discov 2019;18:15–16. doi:10.1038/nrd.2018.194
  3. Phase I success rates 2006-2024
    BIO Clinical Development Success Rates 2006-2015 & 2011-2020; updated 2024 dataset. https://www.bio.org/clinical-development-success-rates
  4. REGEN-001 (BC 007) Long-COVID Phase II failure
    Berlin Cures press release 14 Mar 2025; STAT News “Long-COVID drug hope collapses” 15 Mar 2025.
  5. MM120 (LSD) Phase II anxiety – MindMed
    MindMed press release 09 Jan 2025; JAMA Psychiatry 2025;82:210–219. doi:10.1001/jamapsychiatry.2024.4281
  6. Relyvrio / CENTAUR / PHOENIX timeline (Accelerated Approval Risk)
    Amylyx Pharmaceuticals PHOENIX top-line results 08 Mar 2024; withdrawal 04 Apr 2024.
    Paganoni S, et al. N Engl J Med 2020;383:919–30. FDA Accelerated Approval letter 29 Sep 2022.
  7. Adaptive trial designs
    FDA Guidance: “Adaptive Designs for Clinical Trials of Drugs and Biologics” (Nov 2019, updated 2024).
  8. Decentralized trials (DCT)
    FDA “Decentralized Clinical Trials Guidance” May 2023; TransCelerate DCT Toolkit 2024.
  9. Digital endpoints & PROs (RWE Focus)
    FDA “Patient-Focused Drug Development Guidance Series” (2020–2024).