Benchmarking Clinical Trial Strategies for Success in a Global Marketplace

CHAPEL HILL, N.C., Feb. 12, 2016 /PRNewswire/ -- Clinical Affairs leaders at pharmaceutical organizations are looking to either start or increase their clinical presence in emerging areas of the world. While some companies have conducted a significant number of clinical trials in emerging regions, others lag in their clinical activity in countries such as India and China.

According to research from benchmarking firm, Best Practices, LLC, 83% of pharmaceutical participants believe the number of trials in emerging areas will increase in the next two to three years. While there are many advantages that come with expanding into these emerging markets, large countries like China and India are now requiring local clinical trials to win regulatory approvals to market products in those countries.

The related report, "Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharmaceutical Success in a Global Marketplace," analyzes the factors associated with outsourcing clinical trial activities – including cost, staffing, and quality – to help leadership evaluate the organization's approach to outsourcing relative to other market leaders.

Key study topics include:

• Vendor Selection and Outsourcing Attributes –-Presents benchmarks around selecting a vendor and the attributes of outsourcing.
• CRA, CRM, and CRD Competencies & Outsourcing Levels– Presents benchmarks on desired competencies for CRAs, CRMs and CRDs and participants' outsourcing levels for these functions.
• Clinical Affairs Organizational Fit –Highlights benchmarks around participants' organizational structure for Clinical Affairs.
• Outsourcing Success Factors and Pitfalls – Provides participants' qualitative insights around outsourcing success factors and pitfalls.
• Outsourcing Trends and Directions– Presents benchmarks on emerging trends for clinical activities in emerging areas of the world.

This benchmarking research drew participation from seven clinical leaders at six pharmaceutical companies. In addition, deep-dive interviews were conducted with four executives to gather qualitative insights. 

To access the full report, or to download a complimentary summary containing insights found in this report, click on the following link: http://www.best-in-class.com/rr1190.htm

For more information on other recent primary research studies, contact us at 919.403.0251. For related research, visit our Best Practices, LLC website at http://www.best-in-class.com/

ABOUT BEST PRACTICES, LLC
Best Practices, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations. Best Practices, LLC believes in the profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.

SOURCE Best Practices, LLC

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