What is Clinical Research Organization and jobs in a CRO A Clinical research organization(CRO) is an organization that provides support to the biotechnology, pharmaceutical and medical device industries in the form of research services outsourced on an agreement basis. A CRO may provide such services as biopharmaceutical development,commercialization,biologic assay development, preclinical research, clinical research, clinical trials management, and pharmacovigilance. CROs also support foundations, universities, research institutions and in addition to governmental organizations.
Allen does Stage I medical studies for a living. She works for Quintiles, a legal agreement analysis company (CRO) that associates with pharmaceutical organizations to accelerate the medication of growth procedure. In Allen’s calculation, the common medication expenses £900 thousand via the growth levels, which could take 10–12 years. Now with improving expenses and many strict rules, sections of the growth direction are progressively managed by pharmaceutical companies. This is where CROs play their role.
So what is a CRO?
A CRO is an independent organization that gets into the development process once a pharma company has identified a promising novel molecule. The top CROs, according to outsourcing-pharma.com, are Quintiles, INC Research, Parexel,PRA Health Sciences, Pharmaceutical Product Development (PPD), HMR Covance, Meditrial Europe, Medpace, inVentiv Health, and Chiltern. Basically, a CRO will organize and conduct clinical trials to test the novel molecule in humans. Being independent companies, they offer objective assessments of a novel drug in the clinical setting and since they are partner with many companies, they typically offer broader experience compared to an organized trials by the pharma company themselves.
How is it like?
The role of a CRO is very challenging, demanding and also highly rewarding, playing a key part in improving the lives of thousands of people. They create a difference in mass !
So the people in a CRO has a very tenacious role, even stressful for some and certainly requires a high degree of responsibilities. Since the entire clinical research deals with people’s lives, so they have to be very careful.
How do get a job in a CRO?
In order to get a job at a CRO, you should have a first degree or higher or have a relevant experience e.g. several years in a clinical setting. One should should read everything on about clinical research and regulation; also the ethics. A starting tip is to see what is GCP, GLP and GMP and learn all one can about them.
The entry level Clinical research associate (CRA) might expect a salary in the high £20K to low 30K range, and this can soon increase to >50K with experience and with extra responsibilities. Now if carrying out a clinical trial sounds a little scary after the safety of the academic lab bench, plenty of on-the-job training will be offered to ease the transition. One can also gain plenty of project management and business skills that are highly transferable to other organizations.
A significant portion of R&D budgets are spent on outsourcing services either domestic or international; offered by the CRO industries, approximately $25 billion in 2015. And this figure is expected to grow at 9% over the next nine to fifteen years.
There are over 1,100 CROs in the world, despite continued trends toward integration (i.e. many CROs are being acquired in recent times or others go out of business).It is a very fragmented industry with the top 10 controlling 56.1% of the market in 2008 and down to 55% in 2009. One estimates had the size of the market set to reach $24 billion in 2010 and set to grow at a rate of 8.5% through 2015.
Pune is booming with pharama vacancies, so if you want a clinical research career you need to improve your skill set to beat the competition.