Choosing the right CRO to conduct your clinical research studies

The dependency of Pharmaceutical and Biotech companies on CRO i.e. Clinical Research Organization has been increasing quite drastically over the past few decades and is expected to grow even more in the coming few years.

According to a report published by Fortune Business Insights, it is estimated that the global contract research organization (CRO) services market size was valued at USD 62.75 billion in 2021 and is expected to be USD 163.48 billion by 2029.

Which makes it quite essential for pharma companies to choose a reliable CRO partner that would help them with bringing out the right outcome within the budget for their clinical research studies.

So here are 6 factors that we have listed down below which can be considered as the core qualifying points which you should consider before outsourcing your project to a CRO!!

1. Quality of Service

The quality of clinical research services offered by a CRO is determined by their recognition, end-to-end quality management protocols, and standard operating procedure.

All these factors should be carefully evaluated, monitored, and checked before making a final decision of outsourcing your project to the CRO.

2. Work Experience

Work experience plays a crucial factor when it comes to choosing the right CRO. Get a sense of their company staff in terms of quality, adherence, experience, and exposure.

Ask for specializations and prior experience of projects, especially one that is directly related to your clinical study /trial. Identification of core capabilities and new areas of expansion should also be considered.

3. Patient and Site Availability

The key to successful clinical trials is the availability of sites and the right patients that match the requirements of the clinical study. CROs offer this ease to sponsors because they continuously interact with hospitals and new investigators.

Also, one of your key decision-making hallmarks when it comes to choosing the right CRO can be their ability to facilitate quick access to trial participants and strong recruitment capabilities.

4. Geographical Reach

A good geographical coverage and reach are needed for sponsors when their clinical study scope is large and requires multi-country clinical trial support. Especially for those rare diseases and studies that need local as well as regional clinical trial support in different locations of the country.

So choose a CRO that is adaptable to these conditions and challenges or else you will have to invest more time and energy in finding other CROs that provide clinical trial assistance with different regulatory compliance.

5. Therapeutic Expertise

Conducting clinical trials is a challenging task and needs a lot of expertise and experience to do so. Hence it will be wise if you opt for CROs that are niche specific and already possess good exposure in the therapeutic area of your clinical study.

You can do so by checking their skill set, and past projects and verifying the outcome of that respective clinical study within the boundaries of that particular regulatory body.

6. Pricing

Pricing may not be the deal breaker for many sponsors when it comes to choosing the right CRO. However, it is essential to verify the costs in order to avoid and prevent any possible price bumps during the clinical study conduction.

Get a detailed work proposal agenda in written format along with the pricing details and see if it meets and matches the market value.

Conclusion

Choosing the right CRO itself is a real challenge but once done they can support you in the long run and can help you achieve greater efficiency while conducting of your clinical trials. To know why ProRelix Research CRO can be the right partner for you please visit our website at www.prorelixresearch.com