Article | August 23, 2016

10 Tips For Enabling Better CRO-Sponsor Collaborations

Source: Oracle Health Sciences
10 Tips For Enabling Better CRO-Sponsor Collaborations

By Craig Morgan, brand development director at goBalto Inc.

By 20201 72% of clinical trials are anticipated to be outsourced, up from just 23% in 2012. Sponsors are seeking cost reductions, access to specialized knowledge, and increased speed and agility. Meanwhile, CROs focus is on business goals related to economic outcomes for their owners, investors and shareholders. Each group is expecting deliverables and timelines to be met or exceeded for potentially different business reasons, leading to a traditional client/vendor-type relationship. Though alliances and partnerships are increasing, there continues to be a client/vendor mentality at the operational and management levels, which perpetuates a lack of trust and empowerment.