Participating in clinical trials for new drugs can pay surprisingly well, but it comes with risks.
Most tests are done in person. So the availability of trials will depend on where you live. Big cities with lots of medical research facilities tend to have trials going on year-round. Clinical trials are harder to find in rural areas with fewer universities and medical centers.
What’s true in all cases is that you’ll know well in advance what type of trial it is, what’s required, the risks and how much and when you’ll be paid. Indeed, you’ll be given a lengthy description of the trial and the potential side effects to consider before you’re accepted.Total pay also varies dramatically. Short studies that are mildly intrusive typically pay $25 to $100 an hour. Overnight studies pay considerably more — often thousands of dollars.
These tests can cost as much as $350 and they’re not covered by insurance. So when he found Tulane’s study, which provided free body composition tests as part of the package, he jumped at the chance. The study, which took less than four hours for three in-person visits, also paid $400.
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