The global
CRO services market is slated to acquire a substantial market valuation at a steady CAGR over the review period.
Traditional
CROs are working actively to augment internal capabilities with RWE-based services.
Novotech has been delivering
CRO services in the region for more than 23 years and now has offices in 11 countries to accommodate increased demand from USA biotechs for specialist clinical services.
This year, the
CRO already conducted mobile registration in Paquibato District, Calinan District and Marilog District.
They move the costs and accountability for staff recruitment and retention to the
CRO, enabling the consolidation of contract staffing costs by moving from a number of smaller recruitment agencies to just a few global
CROs.
Moreover, 5 foreign companies were also registered by the
CROs in Karachi, Lahore and Islamabad.
Additionally, the agrochemical expertise of Concord Bio will position Frontage as a major
CRO in the agricultural products industry, stated Dr Song Li, founder and CEO of Frontage Laboratories.
He also directed to take appropriate steps to ensure mutual linkage between the
CROs in Sindh's jails and the
CROs in jails at other provinces.
Consolidation within the
CRO space is increasing competition for major global players and for more specialist firms, and this pushes business development and marketing into the daily workflow, says Nancy Rourke, senior product manager, life sciences, at Abbott Informatics.
Although most
CROs report directly to either the chief financial officer (CFO) or the CEO, in a few cases, the
CRO reports through another position, such as the chief actuary or chief operating officer.
Thus, the ability of the individual charged with leading the research enterprise (e.g., Chief Research Officer or Vice President/Chancellor for Research, hereafter referred to as
CRO) to balance a multitude of conflicting forces has a substantial influence on the institution's capacity to maintain and increase its research productivity (Kulakowski & Chronister, 2006).