Article | May 23, 2018

Collaboration Is The Secret To Successful Outsourcing

Source: Oracle Health Sciences
Collaboration Is The Secret To Successful Outsourcing

The increasing globalization of R&D over the last several decades have made it challenging for pharmaceutical companies to operate with in-house teams alone. The practice of clinical outsourcing is on the rise as a way to reduce operational and infrastructure costs, increase clinical timelines and organizational agility, and achieve scalable growth. A recent report by Research and Markets predicts that by 2020, 72% of clinical trials will be outsourced to Contract Research Organizations (CROs)1, up from just 23% in 2012.2

To realize the benefits of this outsourcing model, sponsors and CROs must form an effective collaborative relationship with transparent communications in an environment based on trust. Collaborative relationships between sponsors and CROs have the potential to deliver savings in both time and money, increased patient safety, improved regulatory compliance, and enhanced trial data quality.3