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Three Crucial Ways to Evaluate the Performance of Your Clinical Development CRO by Phoenix Delray





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Three Crucial Ways to Evaluate the Performance of Your Clinical Development CRO by
Article Posted: 02/27/2013
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Three Crucial Ways to Evaluate the Performance of Your Clinical Development CRO


 
Business
Enlisting the help of a contract research organization can make a tremendous difference to the quality and outcomes of your clinical development trials. The way that pharmaceutical companies go about choosing a clinical development CRO is highly specialized according to their development needs, but there are some common denominators that need to be taken into account during the selection process. As pharmaceutical companies produce more drugs and humans present with new strains of viruses and diseases, the use of CROs are becoming more extensive. If you are looking for a CRO to partner up with, here are the three key qualities that should top your priority list:

1. Budget and Deadline Discipline

Studies indicate that pharmaceutical companies expect outsourced clinical study outsourcing to grow, putting more emphasis on deadlines and quality as more providers start offering the service. Make sure the company you partner up with has a firm focus on meeting deadlines and delivering in budget.

2. Solutions That Are Relative to the Size of Your Company

In small companies 64 per cent of all post phase one studies require CRO for at least one component of the study because smaller companies do not have the resources or man power to do their own clinical trials. If you are a small company, you will need to establish a good working relationship with a CRO if you want to be able to have all your projects managed under one portfolio. You might not have the biggest budget, but you need to ensure that your work will be given priority.

3. Team Dynamics and Chemistry

A positive project relationship among and within all teams is essential, and CROs who place emphasis on this are likely to achieve better results. The teams will need to work closely for long periods of time on projects that cost lots of money and may span different countries and research teams. The team dynamics may also be an important consideration for the study sponsors, so have a look at how different companies present themselves in this regard.

Overall experience, as well as experience in the area demanded by the study, is imperative, so make sure you evaluate the CROs track record and get some professional opinions from people who have worked with them before. And while experience certainly is important, current research indicates that team dynamics may play a more important role and should be given focus when choosing a clinical development CRO to handle your long term clinical development needs.

For more information about a clinical development CRO, please visit our website.

Related Articles - clinincal, development, CRO,

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