The sponsors of Clinical trial and CROs are recognizing benefits from advanced clinical trial technologies. But if they’re still depending on excel spreadsheets to manage performance, they’re not only destroying valuable resources, they’re also leaving cost savings, greater visibility and improved collaboration on the table, as well.
The clinical trial landscape is changing, with CROs assuming more control over clinical trials on behalf of drug company sponsors. With so many firms looking for business in the space, having the right set of tools to manage today’s complex clinical trials has never been more important. The right clinical trial management solutions allow CROs to bring sponsors up to speed briskly and with greater transparency.
Suppose you’ve hired a contractor to renovate your kitchen and a curtain is hung on the threshold, hindering your ability to see the project. You’re told that the curtain will be opened once a month so you may note progress. For the rest of each month, you’re left wondering whether any work is being done. Often, CROs relied on study team resources to manually yield status reports from disconnected spreadsheets and systems, which inherently limits in-stream visibility. But with emerging technology solutions, CROs are now lifting the proverbial curtain to get near real-time insight to trial progress and revelling in new-found business advantages.
The transformation is entirely due to technology related visibility. Transparent CRO performances not only improve the communication between sponsors and CROs, but has a good effect on trial outcomes as well. In the quest to meet clinical trial milestones, successful CROs are saving both time and money by putting technology to work for them and offsetting the burden of digging through an ever-growing volume of study data to produce status reports and metrics.
With transparent information flows, insights are shared on sponsor-accessible platforms in near real-time. This automated approach ensures data is free of human error ― a big concern for CROs ― and produces an end product that CROs can share with confidence. No longer do CROs need to worry about error-prone reports; instead they can focus on proactively executing the trial against expected timelines and milestones.
An automated, cloud-based approach is a major selling point for future business. The appropriate clinical trial management solution positions a CRO well ahead of its competitors by offering the kind of transparency sponsors are looking for, and which will soon be an industry best practice thanks to the recent ICH E6 (r2) guidelines amendment.
The next generation clinical trial management system must enable CROs and sponsors to truly collaborate so they can effectively mitigate risks and increase efficiencies. The future demands a connected and central solution that lowers complexity and helps study teams to manage clinical trials with confidence. CROs who take advantage of this sooner vs. later will have a significant leg up on their competitors – and will lead the way in transforming the manner in which trials are managed.
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