7 Signs You Need the Services of a Contract Research Organization

Clinical trials may sometimes be so cumbersome, especially when you are working on it alone. Successful clinical trials require the help of a good Contract Research Organization (“CRO”). The right CRO will add great value to your research, especially while dealing with critical elements.

What is a Contract Research Organization?

It is a company that supports clinical research by providing outsourced services such as auditing, training, monitoring, data and project management. A well-established CRO will offer all the services mentioned above or even more. A CRO team can provide its support throughout the clinical trial or may come in at critical stages.

Why Should You Hire A Contract Research Organization?

When Having a High-Risk Trial

Some trials may be risky and more unique to the knowledge of your research site. For instance, when conducting a medical device trial for the first time, a Contract Research Organization will always bring a wide range of experience in monitoring all types of experiments. They will help you in devising strategies for risk-based supervision.

When Having High Staff Turnover

Staff turnover is always a significant hindrance to clinical research. Clinical researchers have different aspirations, and they come from diverse backgrounds. Some may not fit into your organization, prompting staff turnover. Having the help of a CRO will be beneficial to your organization in such situations. Besides, they will ensure that your team is trained on the fundamentals of clinical research and that everyone understands the research regulations.

Having Delays in Your Trials

Having backlogs in data management can lead to delays in clinical trials. However, other factors such as auditing, monitoring, and project management may also bring the delay. Having a Contract Research Organization can be the best remedy for these delays.

Receiving a Warning from FDA

FDA always inspects all the clinical trials and issues warning letters to those firms that do not comply with the set regulations. Failure in conducting tests following the set plan or regulations may lead to these warnings. Seeking the services of CRO may help your clinical trials get back on track after those warnings.

Experiencing Miscommunication among Major Stakeholders

A Contract Research Organization will act as a bridge between your firm and other stakeholders. Clinical trials involve many activities; hence communication between vendors, device manufacturers, and your organization needs to be constant. Having a CRO will ensure there is no miscommunication; thus, your trials will be completed on time.

The Hiring of Clinical Events Committee (CEC) or Data Monitoring Safety Board (DSMB)

High-risk clinical trials may call for the hiring of CEC or DSMB. These boards can be challenging to recruit and manage if you lack the necessary experience. However, having a CRO on your side will help you hire the best CEC and DSMB to fast track your trials.

Having a Small and Inexperienced Team 

A small team is not a big deal, but it can lead to liabilities and inefficiencies. Partnering with a CRO will help lighten your organizational loads. Furthermore, it will help your firm keep pace with innovative strategies and new technology.

If you experience the above-discussed issues, it will be best for you to hire a CRO. Companies like LexaGene Holdings Inc. (TSX.V: LXG) (OTCQB: LXXGF) that have been in the game for long have probably mastered getting the balance right between doing things in-house and engaging external help, and startups would do well to learn from them.

About BioMedWire

BioMedWire (BMW) is a bio-med news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with BMW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.

To receive SMS text alerts from BioMedWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information, please visit https://www.biomedwire.com

Please see full terms of use and disclaimers on the BioMedWire website applicable to all content provided by BMW, wherever published or re-published: http://BMW.fm/Disclaimer

BioMedWire (BMW)
San Francisco, California
www.biomedwire.com
415.949.5050 Office
Editor@BioMedWire.com

BioMedWire is part of the InvestorBrandNetwork.