A recent New England Journal of Medicine (NEJM) Perspective piece criticized the clinical trials industry for its reliance on contract research organizations (CROs). The piece describes the rapid growth in the CRO industry, questions the quality of research data it generates and cites various clinical trials that have shed some negative light on CRO-run studies.
PPD Continues Geographic Expansion While Reporting Strong Third Quarter
While reporting a 14% increase in its third quarter revenue, Wilmington, N.C.-based contract research organization (CRO) PPD opened new offices on four continents.The company launched offices in Sydney, Australia; Copenhagen, Denmark; Lima, Peru and Lisbon, Portugal. PPD has also expanded its presence in India with new office space.
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Phase Forward posts 24% third quarter revenue increase...
