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Sponsor

The Sponsor is an individual or organization who initiates a trial and is responsible for its management, finance and results.Often this is the pharmaceutical company developing the test medication. The Sponsor may delegate day to day running of a trial to a service company (eg. CRO) or institution specializing in clinical research.An independent research entity may also become a Sponsor in the case of unpatented products. An Investigator conducting a trial on his own initiative and working independently assumes the role of Sponsor as well.