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How Contract Research Organizations help pharmaceutical companies?

What is a CRO? How does it help a Pharma Giant?

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How Contract Research Organizations help pharmaceutical companies?

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  1. How Contract Research Organizations help Pharmaceutical companies?

  2. What is a Contract Research Organization (CRO) ? A Contract Research Organization (CRO) also known as Clinical Research Organization is a company that conducts research on behalf of a Pharmaceutical or a Medical Devise Industry to develop a new drug or a medical treatment for the prevention, diagnosis or cure of a disease.

  3. Why Pharmaceutical Companies hire CROs? A Pharmaceutical Company is always busy in Research and Development, Marketing and sales of its current drugs and medical treatment and any new research results in incurring of huge expenses. A CRO specializes in research as compare to a Pharmaceutical Company and also helps in reduced cost and time period for the research!

  4. How CROs help Pharmaceutical Companies? 1. Medical Professionals- A CRO works with a number of clients and thus, are comprehensive medical professionals in clinical research. 2. Regulatory Affairs Team- CROs have a designated regulatory affairs team that helps in getting the necessary approvals from Regulatory authorities like FDA 3. Clinical Operations- A CRO has all the required equipment and technology to conduct the research. 4. Data Management- A CRO has a dedicated data management tool and databases to ensure that the data collected is clean and proper analysis can be done. 5. Medical Writers- CROs also have professional medical writers who writes studies for it to be understood by the common people

  5. Lotus CR LLC Website- http://www.lotuscr.com/ Contact Us-(626) 568-8727 Address- 100 W. California Blvd., Unit #25 Pasadena, CA 91105

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