how much does the pharmaceutical company pay on average contract payout to Contract Research Office (CRO)
A contract research organization (CRO) is an organization that provides support to the pharmaceutical, biotechnology, and medical device industries in the form of research services outsourced on a contract basis.n increasing number of clinical trials are run by CROs; the amount spent on CRO-run research increased from $1.6 billion in 1994 to $7.6 billion in 2004. Over the same time period, the share of clinical trials run at academic medical centers dropped from 63% to 26%. As one author put it: