New Rising Industry of Pre-Clinical Contract Research Services Industry

New Rising Industry of Pre-Clinical Contract Research Services Industry

A contract research organization (CRO) is a company that supports the pharmaceutical, biotechnology and medical device industries in the form of contractually outsourced research services. A CRO can provide services such as biopharmaceutical development, biological assay development, commercialization, preclinical research, clinical research, clinical trial management, and pharmacovigilance.

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Some of the key players of Pre-Clinical Contract Research Services Industry:

Envigo Corporation, MPI research, Eurofins Scientific, PRA Health Sciences, Inc, Wuxi AppTec, Medpace, Inc, Pharmaceutical Product Development (PPD),LLC, PARAXEL International Corporation, ICON Plc, Laboratory Corporation of America, Inc., Charles River, Labcorp, CRL, Crown Bioscience, Taconic Biosciences, Covance, EVOTEC, The Jackson Laboratory, MI Bioresearch, Champion Oncology, Xentech, Living Tumor Laboratory, JOINN Lab

CROs are designed to cut costs for companies developing new drugs and drugs in niche markets. They aim to make it easier to enter the drug markets and to simplify development, as the need for large pharmaceutical companies to do everything “in-house” is now obsolete. [Citation required] CROs support foundations, research institutes and universities as well as state organizations (such as NIH, EMA etc.).

Many CROs provide specific support for clinical trials and clinical trials for drugs and / or medical devices. CROs range from large international full-service organizations to small niche specialty groups.

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