Contract Research Organizations: Land of Opportunities

30 04 2013

AAPS Blog

Prathap ShastriPrathap Shastri, Ph.D., is the principal investigator, study director for the Pharmacokinetics Dynamics and Metabolism services at Seventh Wave Laboratories.

Contract Research Organizations (CROs) are independent entities that contribute to drug development by providing support to the pharmaceutical, biotechnology, and medical device industries. Development of a pharmaceutical product involves multiple stages, taking 10–20 years, and could cost billions of dollars. CROs can offer a wide range of services—helping with all stages of drug development from drug discovery to clinical trials and some other services only for clinical research.

It is no surprise that the CRO sector is generating great interest among investors as many drug makers are looking to outsource more studies to CROs. It has been reported that there is an increase in the research and development budget being outsourced by large and small pharma, and the market penetration has increased in recent years. The faster turnaround time…

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