From a CRO
perspective, winning one large $200-300 million Phase III study can be a huge benefit for the bottom line.
Any trial-related duties and functions not specifically transferred to and assumed by a CRO
are retained by the sponsor.
o, a sponsor company at the marcus evans Evolution Summit 2015, discusses why pharma and biotech companies should consider working with CROs
that have formed an alliance.
However, if a sponsor can manage a project in a manner that results in minimization of long term R and D expenses while containing short-term costs, they will obtain a net advantage in hiring on services of a CRO
In smaller companies, it is more likely that an existing senior executive officer will be assigned CRO
responsibilities until a time when conditions warrant a dedicated position.
2009 18 200 2010 20 240 2011 20 288 2012 20 345 Figure 3: China's clinical CRO
market size and growth rate.
Oncology, Cardiovascular diseases, Dermatology, Neurology, and Respiratory diseases are the top five focus areas for the surveyed CRO
enablement requires an informatics infrastructure that can be "turned on" to enable CRO
collaboration and then shut down at the end of the engagement, ideally requiring a minimal footprint within the CRO
With the CRO
evolution will come changes in Enterprise Risk Management committees, French also said.
The notion of a CRO
is fairly new for hospitals and health systems, he added, noting that it seems to be catching on.
Over the span of his career, a CRO
physician will likely be involved with the successful (and unsuccessful) evaluation and approval processes of scores of products at different stages of clinical development, for dozens of sponsors.
Although the position of CRO
is receiving a lot of attention now, Andrews predicts it will soon become a tradition.