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Biopharmaceutical Companies Transform Clinical Trial Strategies for Success in Global Marketplace
Date:4/13/2013

CHAPEL HILL, N.C., April 13, 2013 /PRNewswire/ -- Pharmaceutical companies in North America and Europe have recently been faced with two major concerns: clinical costs are continuing to rise and sales are either rising a little or not at all. In emerging markets, organizations are experiencing lower clinical costs and rapidly rising sales. Although mature markets still represent a majority of sales, it is clear that emerging markets offer significant cost savings and important future sales.

While there are many advantages that come along 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. Despite these obstacles, pharmaceutical organizations must evaluate the necessity of expanding their clinical programs into emerging markets in order to cut costs and boost sales.

In order to help biopharma organizations set a strategic direction for conducting clinical trial activities in emerging regions of the world, Best Practices, LLC conducted a primary research report. The report, Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharmaceutical Success in a Global Marketplace, analyzes 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:

  • Pharmaceutical presence in emerging markets
  • Evaluating resour
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SOURCE Best Practices, LLC
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