The primary reason behind this trendsetting is the benefits to be gained from the external specializations that will allow the drug makers to focus on their core competencies.
Outsourcing models have always been considered as the key to sustained mutual growth, however, how it will innovate the industry was still unclear until the discovery of the cloud.
With cloud-based software, it became possible to revolutionize the traditional clinical trial workflow.
As per the experts, choosing an appropriate CRO is an important task and there are certain characteristics to look for before making a decision.
The characteristics to look for in a CRO are its readiness to embrace new technologies, expertise in risk-based monitoring, specialization in data management services, and strong relationships with sites and local regulatory agencies.
3 Key Points
“The trend of biopharma companies and CROs developing their technology strategies and roadmaps independently has resulted in an enterprise information portfolio that is made up of various disparate data warehouse and storage areas. This disconnected approach is magnified when clients that work with multiple CROs receive both patient and operation data/reports in each of their partners’ formats, causing clients to manage their studies or programs through these non-standardized processes.” – David Blackman, Business Innovation Director at Pharmaceutical Product Development
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