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Details Of What Is A Contract research organization
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Whether you're considering outsourcing your research, or simply want to cut costs in other areas, a CRO can help. Below are some of the possible costs of not working with a CRO.
CROs offer global capacity, extra-knowledge, and advanced technologies. They also help you convert large fixed costs into variable costs. About half of pharmaceutical companies outsource their clinical trials, and the market is valued at $24 billion globally.
In the past decade, pharmaceutical companies have spent over 13.4% of their total budget on contract clinical services. The What is a Contract research organization commodification of clinical research is a growing concern among experts, who worry that the outsourcing process is compromising quality and speed.
Many outsourcing models force CROs to compete with one another for research contracts, which may compromise the quality of the trial. Additionally, many CROs are motivated only by the cost savings and the speed of completion of the study.
In the past decade, pharmaceutical companies have spent over 13.4% of their total budget on contract clinical services. The What is a Contract research organization commodification of clinical research is a growing concern among experts, who worry that the outsourcing process is compromising quality and speed.
Many outsourcing models force CROs to compete with one another for research contracts, which may compromise the quality of the trial. Additionally, many CROs are motivated only by the cost savings and the speed of completion of the study.
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