Partnering With The Right CRO To Complement Clinical Trial Analytics

By Comprehend Systems

Clinical development is the most costly aspect of getting drug, medical device or diagnostic to market. Previously priced at $1.3 billion, getting a product approved is now estimated to cost more than $5 billion, according to a recent analysis by Forbes. If you decide to entrust management of your clinical trial to a contract research organization (CRO), what criteria should you look for in a partner to ensure the most reliable results with the greatest efficiencies at the most affordable price?

Faced with escalating clinical trial costs and complexity, shrinking budgets, and pressure to speed products to market, life science companies are increasingly relying on advanced information technology to gain needed efficiencies for clinical development. For clinical analytics and informatics, new technologies are enabling both sponsors and CROs to quickly elicit key information from mass data that will enable them to make faster and more informed critical decisions.