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ClearTrial to Demonstrate Dramatic Gains in Clinical Outsourcing Efficiency Achieved by Biopharmaceutical Companies at European Outsourcing Event
Date:2/2/2010

the software to provide greater speed, accuracy, and flexibility to outsourcing groups and clinical operations. Supporting all outsourcing models and contract types, as well as 39 currencies and over 150 therapeutic indications, the software automatically calculates labor costs across 70 different countries.

Cubist Pharmaceuticals, Inc., a Massachusetts-based biopharmaceutical company focused on the research, development, and commercialization of pharmaceutical products that address unmet medical needs in the acute care environment, recently acquired the ClearTrial software, with a view to further enhance their clinical outsourcing efficiency.

“New clinical outsourcing models and alternatives that are in practice today have created much more complexity for our clinical trial planning and for optimizing our outsourcing needs,” said Dr. Santosh Vetticaden, Chief Medical Officer at Cubist. “We are looking forward to utilizing the capabilities of ClearTrial, to allow us to quickly compare cost scenarios for different approaches—fully outsourced, outsourced by function, independent contractors, and studies performed in whole or in part by internal Cubist personnel.”

“Other customers continue to share their outsourcing success stories with us,” remarked ClearTrial CEO Mike Soenen. “One recently cited that they shortened their typical two and one-half month contract negotiation period to just over two weeks from RFP development to signed contract. One of our mid-sized biotech customers recently saved 20% of the bid cost of a study through more informed negotiations with their CRO.”

Preparing RFPs and negotiating with vendors also becomes less labor-intensive with ClearTrial, which automatically generates critical documents such as fixed unit based price and resource demand reports based on the study assumptions, and increases accuracy and transparency during negotiations.
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ClearTrial to Demonstrate Dramatic Gains in Clinical Outsourcing Efficiency Achieved by Biopharmaceutical Companies at European Outsourcing Event
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