Vision Shopsters: Strategic Clinical Sourcing: Managing Costs and CROs

Added: (Thu Jun 03 2010)

Pressbox (Press Release) - Strategic Clinical Sourcing: Managing Costs and CROs is an in-depth look at the entire clinical outsourcing process. Our study analyzes outsourcing strategies, costs, and timelines of top pharmaceutical companies.

- Set a winning strategy: Learn how to optimize your available resources and avoid problems in key aspects like patient recruitment.
- Control costs and limit waste: Consult real-world examples of trial costs at all phases of development. Find per unit hour metrics
for nine roles/positions ensure that you are paying CROs at a reasonable rate.
- Select the right vendor and negotiate a deal: Examine rankings for 25 CRO traits over six different categories.
- Manage the relationship successfully: Adapt real-company strategies to resolving conflicts and ensuring acceptable compensation structures.

For more info, please visit : http://www.visionshopsters.com/product/3315/Strategic-Clinical-Sourcing-Managing-Costs-and-CROs.html

Key Metrics : Strategic Clinical Sourcing: Managing Costs and CROs four chapters contain trial cost, staffing and timeline metrics. They include the following:

Chapter 1: Clinical Outsourcing Strategy
- Executives involved in determining which activities will be outsourced
- Percentage of companies outsourcing clinical trial activities
- Percentage of companies outsourcing clinical trial activities by type

Chapter 2: Outsourced Trial Cost Management
- Percentage of companies outsourcing position/roles, including trial managers, CRAs and monitors, data management, patient recruiters, clinical trial supplies and biostatistics - Total trial costs by development phase II, III, and IV - Staffing and cost per unit hour metrics are included for nine roles/ positions:
-- CRA/monitoring -- Trial management -- Data management -- Biostatistics/bioanalytics -- Patient recruitment -- Clinical trial supplies -- Medical writing -- Regulatory -- Senior level oversight

Prevalence of trials taking place in major regions worldwide: Asia/Pacific, Europe, Americas

Chapter 3: CRO Selection and Contract Negotiation
CRO Criteria: Importance of
- a CRO’s ability to meet deadlines, by company - company size and geographical reach when selecting CROs - overall cost and preferred status when selecting CROs - work quality when selecting CROs - relationship management when selecting CROs - experience with similar products when selecting CROs - other considerations: turnover rate, knowledge of regulatory concerns and intellectual property

CRO Performance Ratings
On a scale of 1 to 5 — with 5 being best — study participants rate actual CROs on:

- price - reach - work quality - therapeutic area/drug experience - relationship management

CRO Selection Process Timeline Metrics:
- Number of CROs receiving RFPs - Weeks elapsed from RFPs sent to proposal submission deadline - Number of CROs submitting proposals, by phase - Weeks elapsed from proposal deadline to final CRO/vendor selection, by phase - Number of CROs that make the final cut - Percentage of respondents happy with amount of time proposal process takes - Time spent negotiating contracts with CROs/vendors, in days

Chapter 4: Managing CROs and Monitoring Trial Metrics

Relationship Management :
- Performance tracking and accountability (reporting structure of a surveyed company)
- Clinical trial management issues (surveyed company example)
- Executives involved in negotiating contracts with CROs/vendors
- Number of days spent negotiating agreements with preferred vendors versus non-preferred vendors
- Executives involved in day-to-day oversight of CRO/vendor’s work
- Management of future contracts with a problematic vendors

Timeline metrics :
- Percentage of reported trials by phase
- Trial disease state
- Length of time from protocol finalization to first patient’s first visit (in months)
- Length of time from first patient visit to last patient’s last visit
- Length of time from last patient visit to clinical trial report
- Target patient enrollment
- Effect of target patient enrollment on months taken to collect data

For more information on the report, kindly visit :
http://www.visionshopsters.com/product/3315/Strategic-Clinical-Sourcing-Managing-Costs-and-CROs.html

or email us your query at : info@visionshopsters.com
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