Why Working with a Full-Service Clinical Research Company Is Invaluable
As a biotechnology or a pharmaceutical company, your on-site
capabilities for clinical development may be limited. From small firms
to large firms, there are always gaps that need to be bridged. Whether
it’s regulatory compliance hurdles or challenges in early clinical development,
your company may encounter significant roadblocks that could prevent
continued work on any given project. Therefore, you’re faced with a
choice: continue internally—even if you’re not fully equipped to do
so—or partner with a contract research organization. Electing not to
work with a CRO can come with many pitfalls that may ultimately cause
delay to your drug development. Here are the reasons why partnering with
a CRO for your next drug development project is invaluable.
The On-Going Challenge of Regulatory Compliance
Throughout the drug development cycle, your organization may find it
difficult to navigate certain aspects. One of those areas could be
regulatory requirements during each stage of development. With
governmental oversight, laws, and regulations continually evolving, it
can be challenging to keep up to date on regulatory requirements.
Working with a CRO helps overcome this challenge, particularly when
moving from one phase of development to the next. This is especially
true for initiating your first in human clinical trials, which requires the submission of an investigational new drug application (IND).
Cost and Resource Management
Partnering with a CRO is the most cost-effective solution when managing
your drug development project. From regulatory paperwork to conducting
clinical trials, a full-service CRO will have the scientific and
operational resources to make it all happen. A pharmaceutical or
biotechnology company may not have the facilities, staff, testing
equipment, access to a robust participant database and other specific
resources to conduct certain clinical trials. Still, the question of
whether or not to invest in these resources internally may arise.
However, if your company lacks clinical research facilities, it can
prove costly to develop an in-house solution. Partnering with a clinical
research organization helps mitigate many of these costs, allowing you
to retain your focus without spreading resources too thin, not to
mention handling logistics.
Personnel and Participants
One of the biggest reasons to work with a CRO comes down to people.
This means for staff to manage all aspects of the clinical trials and to
ensure the recruitment of participants to participate on studies.
Working with a trusted CRO provides solutions for these needs. The CRO
should have experts to help facilitate and guide your company in the
process. The right CRO will also have access to a robust participant
database to ensure recruitment and retention during your trials. Finding
participants for your trials can prove to be time-consuming and costly,
so your partnership with a dedicated CRO is vital. In short, a CRO can
help connect you with the expert personnel and participants you need to
move forward with your trials, netting you invaluable data necessary to
move to the phases of your drug development program.
About Altasciences
With
over 25 years of research experience, Altasciences is a mid-sized drug
development solution company. Thanks to their innovative approach,
Altasciences has built a foundation that biotechnology and
pharmaceutical companies have come to rely on. With tailor-made program
roadmaps, clients are guided through the drug development process, from
lead candidate selection to clinical proof of concept, and beyond.
Altasciences possesses expertise in a wide range of study types and
therapeutic indications in early clinical development, with key
experience in first in human clinic trials, CNS clinical trials
and ethnobridging. Altasciences maintains several phase 1 clinical
trial units across North America, making their services and resource
base accessible. Those resources include a highly trained and
experienced staff, along with access to over 580 beds and more than
400,000 potential participants in their database. For sponsors in need
of dedicated and integrated CRO/CDMO services, Altasciences is the
perfect choice for drug development.
Learn more about the extensive resource base offered by Altasciences at https://www.altasciences.com/
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