• SKIP TO CONTENT
  • SKIP NAVIGATION
  • Patient Resources
    • COVID-19 Patient Resource Center
    • Clinical Trials
    • Search Clinical Trials
    • Patient Notification System
    • What is Clinical Research?
    • Volunteering for a Clinical Trial
    • Understanding Informed Consent
    • Useful Resources
    • FDA Approved Drugs
  • Professional Resources
    • Research Center Profiles
    • Clinical Trial Listings
    • Market Research
    • FDA Approved Drugs
    • Training Guides
    • Books
    • eLearning
    • Events
    • Newsletters
    • JobWatch
    • White Papers
    • SOPs
    • eCFR and Guidances
  • White Papers
  • Trial Listings
  • Advertise
  • COVID-19
  • iConnect
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » CROs Deliver Shorter Cycle Times, Says New Tufts Report

CROs Deliver Shorter Cycle Times, Says New Tufts Report

March 11, 2019
William Myers

Contract research services are now the largest single cost category in pharma R&D spending, accounting for almost $90 billion last year, according to Tufts Center for the Study of Drug Development.

All in, CROs raked in about $33 billion last year for services including project management, trial monitoring, biostatistics, site management and medical writing — an increase of 12 percent from 2017, Tufts researchers found.

And it looks like sponsors are getting their money’s worth in terms of development speed. Sponsors that used CROs with established relationships with sites shaved 39 days off study initiation compared to sponsors that retain control. And CROs working with sites for the first time got studies started 77 days faster, on average. Time to build and release a database was 21 days faster when handled by CROs.

This kind of acceleration in trial timelines may be a factor in recent increases in drug development. The number of active drugs in worldwide research or development has risen steadily from almost 8,000 between 2007 and 2010, to nearly 11,000 between 2015 and 2018. There were nearly 3,500 companies with at least one drug in the development pipeline over the same period, a dramatic increase from the 2,000 companies between 2007 and 2010, Tufts found.

CRO advocates were cheered by the results of Tufts’ study. “The report clearly shows that clinical research and technology companies get you there faster,” said Matt Feldman, spokesman for the Association of Clinical Research Organizations. “Whether it’s risk-based monitoring (RBM) or decentralized trials, CROs are continuing to innovate and drive improvements in the drug development process in ways that are valuable to sponsors.”

Still, sponsors aren’t completely on board with the outsourcing model. Few companies reported using contract researchers in any kind of systematic way and only one-third of drug sponsors surveyed reported feeling satisfied that outsourced oversight processes are well established. Fewer than one-fifth of the drug companies, in fact, rated these processes “highly effective.”

The outsourcing rush also has led to more concentration in the CRO market, Tufts found. The 10 largest CROs controlled 57 percent of the money spent on outsourcing in 2018, a 12 percent increase in the past seven years.

Niche, or specialty, CROs have seen strong growth — about 10 percent per year — but medium-sized companies have grown only about four percent per year since 2011, Tufts researchers found.

But it’s not clear that outsourcing has cut drug development costs, which have continued to rise between six percent and seven percent per year. Tufts has previously reported that the average drug costs $2.6 billion to bring to market.

You can purchase a copy of the Tufts IMPACT report here: https://bit.ly/2UrVFXi.

Upcoming Events

  • 24May

    Powering an Effective Oversight Strategy with Clinical and Operational Insights

  • 25May

    2022 WCG Avoca Quality & Innovation Summit: Own the Future

  • 28Jun

    Effective Root Cause Analysis and CAPA Investigations for the Life Sciences

  • 16Oct

    WCG MAGI's Clinical Research Hybrid Conference - 2022 West

Featured Products

  • Spreadsheet Validation: Tools and Techniques to Make Data in Excel Compliant

    Spreadsheet Validation: Tools and Techniques to Make Data in Excel Compliant

  • Surviving an FDA GCP Inspection

    Surviving an FDA GCP Inspection: Resources for Investigators, Sponsors, CROs and IRBs

Featured Stories

  • Protocol-360x240.png

    Avoid Deviations by Making Protocol Review a Team Effort

  • SelectionProcess-360x240.png

    Give Us a Voice: Sites Clamor for a Say on Vendor Selection

  • Convince-360x240.png

    Use Data and Details to Convince Site Leadership to Add Staff

  • AsktheExpertsBadge-360x240.png

    Ask the Experts: Listing Trial Staff and Others on the Statement of Investigator

Standard Operating Procedures for Risk-Based Monitoring of Clinical Trials

The information you need to adapt your monitoring plan to changing times.

Learn More Here
  • About Us
  • Contact Us
  • Privacy Policy
  • Do Not Sell My Personal Information

Footer Logo

300 N. Washington St., Suite 200, Falls Church, VA 22046, USA

Phone 617.948.5100 – Toll free 866.219.3440

Copyright © 2022. All Rights Reserved. Design, CMS, Hosting & Web Development :: ePublishing