SOLUTION SHEET July 1, 2021 Selecting a CRO: Three Ways PharPoint Better Supports Small and Emerging Clients When it comes to clinical outsourcing, needs differ depending on several criteria – including sponsor size. What makes a certain CRO the best choice for small and emerging pharmaceutical and biotechnology companies? The Importance of Therapeutic Experience According to a 2020 ISR report titled “CRO Quality Benchmarking Report – Phase II/III Service Providers: A Look at Small and Emerging Biopharma,” one of the most important criteria for selecting a service provider is therapeutic expertise. In an interview with Ed Miseta, Chief Editor of Clinical Leader, ISR’s VP of market research Rebecca McAvoy explained: “While only 13 percent of respondents from larger sponsors chose Therapeutic expertise as the most important attribute, 24 percent of respondents (nearly double) from small and emerging companies selected this as their top attribute.” Featured Resource: Learn more about PharPoint’s therapeutic experience Outside of therapeutic expertise, what other areas may be more important to small or emerging sponsors? Three Ways PharPoint Better Supports Small and Emerging Clients At PharPoint, we’ve identified three points that our smaller clients value in a CRO – while there are certainly more, these areas are concerns commonly brought up with our teams. As a client-focused CRO, they’re also areas we excel in. 1. You need faster results (without sacrificing data integrity or quality). While faster timelines are important to ALL sponsors, their importance is often amplified for smaller and emerging clients who may be eager to present study findings to investors and other stakeholders. To support these needs, all PharPoint clients (small or large) benefit from our industry-best biometric timelines. When plotted against standard timelines from Tufts Center for the Study of Drug Development, PharPoint’s biometric timeline shows that we can lock a database an average of 31 days faster than competitors. Top line results are quick to follow – typically delivered only 2 days after database lock. 2. You have a tight budget (and need a partner who can work both efficiently and transparently). When it comes to setting and sticking to a budget, communication is key. You need a CRO that can properly – and honestly – communicate costs and help you avoid unregulated scope creep. PharPoint works closely with clients to keep costs within budget and is quick to communicate when unavoidable obstacles that may impact budget arise. And of course, since time is money, our standard timelines allow us to shorten the length of your trial, saving you money in the long run. 3. You want a consultative, experienced CRO with a track record of success. Above all else, a team that’s capable and experienced is critical – and this should ring true whether it’s your in-house teammates or a service provider. PharPoint leverages extensive industry expertise to make knowledgeable, long-term cost and time-saving recommendations for your program. We’ve participated in over 900 studies since 2007, and average two successful regulatory submissions each year. Our success is founded on sponsor satisfaction – and many of the innovative companies we work with are repeat clients. Conclusion Every sponsor is different, and finding a CRO that can fit your development program’s needs is critical. As you search for a contract research organization to fit your needs as a small or emerging company, you can afford to be choosy. High quality, fast timelines, transparency, and therapeutic & operational expertise are all within reach. DOWNLOAD: Why Mid-to-Large Companies Choose PharPoint Breast Cancer Clinical Trials: A Caregiver & Project Manager's Perspective Filter content by category: Blog (15) Career Resources (5) Clinical Operations (1) Events (7) Industry News (15) Press Release (6) Solution Sheet (5) Success Stories (1) Therapeutic Areas (6) Get to know PharPoint’s Sr. Director of Clinical Operations Learn more REMOTE WORK & THE CRO INDUSTRY Career Resources BREAST CANCER CLINICAL TRIALS: A CA... Career Resources, Clinical Operations, Therapeutic Areas SELECTING A CRO AS A SMALL OR EMERG... Solution Sheet © 2021 PharPoint Research, Inc. All rights reserved Privacy Policy Cookie Notice Durham/RTP office 5003 S Miami Blvd #100 Durham, NC 27703 919.433.2440 Wilmington office 1001 Military Cutoff #301 Wilmington, NC 28405 910.790.0482 Home About Services Resource Library Careers Contact Partner with a CRO dedicated to quality & customer service PharPoint Research provides drug development solutions to clients of all sizes. Contact us to speak with a representative about how PharPoint can help with your current or upcoming study needs. Read More ACCEPT To opt out, use cookie consent settings here: Cookie settings