Geographically, the North American region is the largest CRO
services market, in terms of value, and is poised to acquire a substantial market share over the review period.
Although strategic partnerships have sometimes been a sole-source model using a single CRO
, most pharma companies have preferred to mitigate the potential risks associated with using just one vendor by outsourcing to two or three preferred suppliers.
Precision tumour diagnostics firm Helomics established a clinical CRO
operation at the start of 2017, and now offers pharmaceutical, biotech and diagnostic clients a range of 'boutique' services for clinical and translational research, spanning biochemical profiling, genomics, proteomics and cell biology.
Ernst & Young's (EY) sixth annual survey of North American insurance chief risk officers (CROs
) provides an overview of current enterprise risk management (ERM) capabilities, practices and organizations.
The current study examines the above questions, providing a description of the structure and function of CRO
offices, portraits of current occupants of the CRO
role, expectations for change in the future of the role, and the means by which universities might best develop procedures to encourage skill development, recruit potential candidates, and evaluate current CROs
market, developing markets such as India, China, Brazil, Latin America and Eastern Europe are cited as targeted regions for growth.
LHP: In light of the new regulatory requirements, how you do see the CRO
Because of my R&D experience, I decided to forgo the expense of employing a CRO
. I took responsibility for managing the study.
Thornton: Ten to 15 years ago most insurers didn't have a CRO
, so the role itself has evolved along with its scope.
* Risk sharing: CRO
shares risk and reward with Sponsor on project-by-project basis
A chief risk officer (CRO
) is a relatively new addition to the corporate hierarchy.