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Clinical Research Organisation Culture

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CLINICAL RESEARCH ORGANIZATION

CULTURE
SUMMARY: Clinical Research Organization are designed to reduce costs for
companies developing new medicines and drugs in niche markets. They aim to
simplify entry into drug markets, and simplify development, as the need for
large pharmaceutical companies to do everything ‘in house’ is now redundant.
They also support foundations, research institutions, and universities, in
addition to governmental organizations.

In the following article we shall know about few of the Clinical Research
Organizations and that are increasing their presence in the clinical world.

Clinical Research Organization (CRO) is a service organization that provides


support to the pharmaceutical and biotechnology industries in the form of
outsourced clinical research courses (for both drugs and medical devices).
CROs range from large, international full service organizations to small, niche
specialty groups and can offer their clients the experience of moving a new drug
or device from its conception to FDA marketing approval without the drug
sponsor having to maintain a staff for these services.
Many of the world’s population are in desperate need of better medical care.
This need is a large driving force behind drug discovery’s mission to uncover
new medicines.

The drug discovery process is complex and stubborn. The clinical stage, in
particular, is resource intensive, demanding and high risk. A fine balance is
required to execute this stage correctly.

Clinical Research Organizations (CROs) support drug manufacturers on their


road to discover and approve drugs of the future by absorbing some of the
clinical stage’s the burdens.  Data research, project management, tests, trials
that are run post approval, pre-clinical and clinical are just some of the activities
covered.

This relationship, which is built on trust and skill, can award manufacturers with
heightened expertise as well as cost and time efficiencies.  These benefits come
at the cost of duties such as intensive communication management,
confidentiality concerns and regulatory considerations. 

With expansions, consolidations, and innovations continuing throughout the


CRO industry has boosted employment through increased demand for Clinical
trial assistants (CTA) and clinical research associates (CRA).

Some of the clinical research organizations who are steadily increasing their
presence through strategic partnerships and innovative service offerings:

 PPD: Pharmaceutical Product Development (PPD) is a leading CRO that


operates in 48 countries across the globe. They are considered a premium
CRO provider for many pharma and biotech companies globally. In May
2019, PPD was recognised by biotech industry leaders as top supplier
based on their capability, compatibility and expertise in assisting clinical
research training.
 Med Pace: A mid-sized CRO, Med Pace focuses on clinical research for
drugs and devices globally. Unlike many of the larger CROs, Med Pace
have not invested time and effort in acquisitions but instead chosen to
reinvest in their own workforce.
 Clintec: Clintec was a Scottish women-owned independent CRO, before
its acquisition by IQVIA that specialises in oncology and rare disease
clinical research services.
 KCR: KCR is a boutique CRO that has spent the last few years expanding
through Europe, including Germany and UK, finding its feet and creating
a more manageable presence. 
 Parexel: In 2018, industry giant Parexel achieved $2.4 billion in revenues
as it pursues cost-controlling measures and expansion into lower-cost
emerging markets. While simultaneously forging partnerships with Eli
Lilly to develop clinical research in China, and SHYFT to deliver better
real-world data studies. In 2017, Parexel was bought by Pamplona, a
private equity firm, which has served to bolster their profit margin as well
as the quality of their market-leading services to biotechnology
companies across the globe.

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