FSP Models For IVD Clinical Trials: Meeting Growing Pipeline Demands

This case study explores how a mid-sized genetic testing and diagnostics company navigated the challenges of conducting clinical trials with limited resources and an expanding product portfolio. To address these obstacles, the company adopted a Functional Service Provider (FSP) model, outsourcing specific aspects of clinical trial management to ProPharma. This approach provided the company with cross-functional support, transparent communication, and optimized resource utilization. The study outlines key outcomes and offers insights into how other mid-sized biotech firms can leverage the FSP model to enhance their clinical trial operations.

The case study covers:

• Balancing limited resources with the need for new programs: The study emphasizes the importance of flexible solutions to manage clinical trials and growing portfolios effectively.
• Overcoming challenges with an FSP model: Outsourcing to a trusted provider like ProPharma enables more efficient operations, cost reduction, and improved overall performance.
• Best practices for implementing the FSP model: Valuable insights and strategies for mid-sized biotech companies to successfully adopt and benefit from the FSP model in their clinical trials.