by james82_watt
@ 2006-04-06 - 10:11:08
Outsourcing offers a number of advantages to the companies. These include:
Reduces the time (8 to 15 years) required to develop and bring a new drug to market
Sponsor can convert the fixed costs of maintaining the personnel, expertise and facilities like data management) necessary for clinical trial management into variable costs
Non-availability of services in-house
Less knowledge of regulatory affairs in a particular country of interest
Increased complexity of clinical trials
Increased amount of data required from clinical trials
Multinational and multi-center nature of current clinical trials
Large requirement of patient populations
Regionalized diseases
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