A CRO, or Contract Research Organization, is an outsourced service provider that manages clinical trials. CROs are designed to help make research more feasible. It should then come as no surprise that CROs are involved in an estimated 70% of all clinical research.
Services provided by a CRO can range widely, from pre-clinical services to post-marketing surveillance, and depends on the type of CRO. A full-service CRO can offer all the services associated with conducting a clinical study, including:
Operating clinical research is expensive both in terms of overhead costs (such as equipment, clinical space, etc.) and human resourcing needs. CROs help to reduce these costs by providing the resources necessary to conduct a clinical trial as soon as a contract is in place. Even if a company has the capital necessary to invest in the resources necessary to conduct research, timing may be a limiting factor.
While there are many types of CROs, most fall into 2 main categories:
Not all CROs are created equal. Some things to consider when selecting a CRO are:
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