CROs slashing clinical trial times

By Kirsty Barnes

- Last updated on GMT

Related tags Drug companies Clinical trial Pharmaceutical industry Contract research organization

Contract research organisations (CROs) are slashing clinical trial
times by an average of 30 per cent and the outsourcing trend is
showing no signs of slowing, as the pharma industry continues to
face rising pressure to reduce time-to-market of new drugs.

Drug companies take an average of 88 weeks to complete Phase I trials, 139 weeks for Phase II trials and III trials, compared with only 66, 81 and 97 weeks for a CRO, according to a report by market research firm Business Insights.

This is partly because even the largest and most financially stable drug developers often don't have sufficient resources to efficiently carry out R&D in-house due to the broad range of skills required to bring a novel compound to market.

As a result, time-to-market was the second most important driver for drug companies seeking CRO services in 2005, second only to cost, and more than 43 per cent of companies surveyed for the report planned to increase their degree of outsourcing by a further ten per cent or more this year.

Time saving in R&D is increasingly vital to drug companies, who are struggling to claw back return on investment, revive flagging pipelines and replace lost revenue resulting from increasing generic competition.

R&D spending has risen dramatically in recent years - in the US alone, jumping from $26bn (€20bn) in 2000 to $39bn in 2004 - however, the number of new drug approvals continues to fluctuate with no apparent relationship to spending.

Pharma firms are fast realising that bringing drugs to market more quickly is one way of countering a lower number of product approvals, as it allows them to bring in revenues from drug sales earlier.

For blockbusters with annual sales of more than $1bn, revenues from an early launch can be substantial and amount to more than $2.7m per day, said the report, titled "Pharmaceutical Outsourcing Strategies: Market expansion, offshoring and strategic management in the CRO and CMO marketplace."

Related news

Show more

Related products

show more

Using Define-XML to build more efficient studies

Using Define-XML to build more efficient studies

Content provided by Formedix | 14-Nov-2023 | White Paper

It is commonly thought that Define-XML is simply a dataset descriptor: a way to document what datasets look like, including the names and labels of datasets...

Overcoming rapid growth challenges with process liquid preparation

Overcoming rapid growth challenges with process liquid preparation

Content provided by Thermo Fisher Scientific - Process Liquid Preparation Services | 01-Nov-2023 | Case Study

A growing contract development manufacturing organization (CDMO) was challenged with the need to quickly expand their process liquid and buffer preparation...

Why should you use clinical trial technology?

Why should you use clinical trial technology?

Content provided by Formedix | 01-Nov-2023 | White Paper

New, innovative clinical trial technology is helping to revolutionize the research landscape. COVID-19 demonstrated that clinical trials can be run much...

Related suppliers

Follow us


View more