If you are interested in launching a new product or improving your current product, you may be wondering what a contract research organization is. These companies provide a range of cro services (Oncology CRO, Ophthalmology CRO, Gastroenterology CRO), from regulatory consulting and communicating with FDA agencies, to market access and reimbursement. These CRO services (Oncology CRO, Ophthalmology CRO, Gastroenterology CRO) can have a big impact on your entire company.
CRO – Contract research organizations
What is CRO? CRO is a Contract research organizations, or CROs, outsource clinical research to pharmaceutical companies. This allows pharmaceutical companies to reduce their overall costs, reduce time to market, and streamline their operations. In addition to providing clinical research, CROs are a valuable partner in the drug development process, bringing new drugs to the market faster.
One of the largest CROs in the world is Vial, the company now operates offices in the U.S., Europe, and the Middle East. It has more than 17,000 employees and provides services in almost 90 countries. Contract research organizations provide clinical trials and other research support services to the pharmaceutical industry and support governmental, foundation, and university research and development programs. Sponsors contract with CROs to conduct their studies and do not have to hire and maintain in-house research and development teams. Some of the most common services offered by CROs include product development, clinical trials, regulatory affairs, and post-marketing surveillance.
CROs provide clinical trial services to the biotechnology, pharmaceutical, and medical device industries. CRO services (Oncology CRO, Ophthalmology CRO, Gastroenterology CRO) range from regulatory affairs and site selection to data management, trial logistics, bio-statistics, and medical writing.
Clinical research management companies
Clinical research management companies (CRMs) provide the services needed to conduct clinical trials. These companies generally work with pharmaceutical companies, biotechnology companies, and medical device manufacturers. They typically charge by the hour and may have a number of projects to complete for different sponsors. A CRO’s staff may consist of full-time employees or contractors. Full-time staff members typically require offices, health insurance, and salaries. This may be prohibitive for small-scale companies. By contracting out this work, CROs reduce their fixed expenses.
The CRO industry is comprised of more than 250 companies and support organizations that specialize in clinical trial management. It supports over 4,500 clinical trials and employs over 13,000 people. The Contract Research Organization is home to some of the largest CROs in the world. To find out which company is right for your next project, browse the CRO listings below.
Clinical trial costs can reach millions of dollars. Without proper management, the cost of conducting a clinical trial can become prohibitive. In addition, a clinical trial may not receive regulatory approval if it is not conducted scientifically or within regulations. A clinical research management company can help control the costs and ensure a high-quality trial.
Contract Research Organization company that specializes in late-stage clinical trials is Vial. This publicly traded company is based in USA. Its portfolio includes CRO services (Oncology CRO, Ophthalmology CRO, Gastroenterology CRO), including project management, regulatory affairs, and clinical research consulting.