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Rise in the Outsourcing of Clinical Trials in India 

Keeping in mind the present day economic condition, outsourcing business in the medical sciences, has gone up especially in biopharmaceutical and pharmaceutical business.

 

 
 
Tags:  Clinical Trials  biometrics  clinical laboratory 
Views:  77
Published:  December 06, 2011
 
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Slide 1: Rise in the Outsourcing of Clinical Trials in India Keeping in mind the present day economic condition, outsourcing business in the medical sciences, has gone up especially in biopharmaceutical and pharmaceutical business. This has increased with the outsourcing of clinical trails that comprise an essential part of drug development process. The research study "Booming Clinical Trials Market in India" talks about the clinical trials in India that has been estimated to expand at a CAGR over 30 percent during the years 2010 to 2012. As this growth is being eagerly anticipated, India is being estimated to be the highest growing medical tourism and clinical trial hub in the world. The report talks about the eminent biotech and pharmaceutical players and also the CRO’s that have been working towards carrying out clinical trials globally by finding patients that qualify for these trials. This process is said to be easier in the Indian sub-continent as compared to any Western destination. Other factors for instance the costefficient nature of the trials and the prevalence of the disease have also been promoting the medical trials. The report also highlighted certain restraints such as the absence of adequate trained medical staff, weak IPR protection and few others that are hindering the growth of the market. Therefore, in order to make the Clinical trails in India flourish, it is necessary to look into these concerns and resolve them. CRO’s in India have been conducting Clinical Trials for quiet sometime now. They have strategic alliance with prominent medical institutions and hospitals all over the country. Some of them even have global link ups and tieups. Therefore, CRO’s have got the access to databases that highlight multiple therapeutic areas and other diagnostics and proprietary trials. The CRO’s in India also conducts the Phase II –IV trails. Furthermore, they have their own research programs and other project implementation for instance pharmacokinetic analysis, clinical pharmacology, and bio-analytical method development that are conducted by a team of qualified research associates and medical co-coordinators. They out forward a 360 degree approach towards the clinical trails ensuring the sponsors the advantages from a vast range of services as listed below : Pharmacy Services that assures a strict adherence to GCP and other allied international regulatory requirements Feasibility Studies Clinical Trial Supplies & Management Bio Statistics Project Management Clinical Monitoring Volunteer Recruitment & Planning       These apart, Bio Studies too are another segment of services provided by the CRO’s in India. A vast range of bioavailability and bioequivalence are done in various centers complying with the global regulatory requirements that are further supervised by an independent quality assurance segment. Click here for more on biometrics & clinical laboratory

   
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