What is contract research organizations :- A contract research organization (CRO) is an entity that extends support to the pharmaceutical, biotechnology and medical device industries in the form of research services outsourced on an agreement basis. A CRO may offer such services as biopharmaceutical development, product commercialization, clinical research endeavors, clinical trials conduct, pharmacovigilance and biologic assay development. Contract research organization also support research institutions, traditional universities in addition to governmental institutes.
Many Contract research organization exclusively provide clinical-trial and clinical-study support for drugs and medical device companies. Contract research organization range from big, global full-service organizations to small, niche subject groups. Contract research organization that focus on clinical-trials services can provide their clients the capability of promoting a new treatment or medical device from its conception to marketing approval, without the sponsor having to keep up staff for these activities. Ultimately the sponsor grasps the purse strings and it is left to the CRO to ally their tasks to make sure trials are conducted in a time bound manner and to impart confidence not only in the sponsor but also in each other.
Well-organized project management will be a reality when there are definite requirements delineated by the sponsor to CRO and this will mitigate the threat of delayed supplies and consequently lower the possibility of study time limits being missed.
A CRO is proficient in composite development programs demanding novel regulatory and clinical strategies, and will have expertise in executing and accomplishing successful clinical trials and drug development programs.