Developing Strategic Alliances between Sponsor and CRO
Conducting clinical trials is becoming an increasingly competitive field with more and more competing trials year on year, especially since the emergence of Immuno-Oncology studies. In order to ensure your clinical trials have the edge needed to stand out this is where your CRO can play a pivotal role.
Each trial is unique and ensuring your CRO fully understands the desired goals of the sponsor is a challenge. Forming strategic alliances could offer consistency, trial quality and cost savings. These could also help tackle the challenge of receiving the ‘A-team’ working on your trial and remaining at the forefront of your CROs mind day-to-day.
Creating strategic relationships with your CRO has potential to offer multiple benefits such as cost, shorter timelines and quality factors. However, have the true benefits of strategic relations been wholly assessed and their value proven.
These strategic alliances are varied and the give and take balance with sponsor and CRO needs to be monitored carefully in order to ensure this ‘long distance’ relationship will be effective for you. The debate of ‘Deciding whether to form strategic alliance for cost, consistency and increase in trial quality’ will give rise to the pros vs cons to evaluate the real benefits of entering into a strategic alliance.
To address this head on, plus an overview of how to successfully outsource your clinical trial to avoid the pitfalls of your industry peers, come join us in June!
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