How is a clinical research organization useful in the pharma industry?
A clinical research organization conducts clinical trials and testing on drugs developed by the pharmaceutical companies before they’re introduced into the marketplace for commercial use. Following are the phases of a clinical trial: • Phase 0: small dose of a drug on limited number of in-patients • Phase I: observing the consequences of various drug dosage on a gaggle of 20-40 people to seek out the perfect dosage capacity • Phase II: trial to guage and compare the effect of the new drug as compared to the effect of existing drugs for an equivalent medical condition. This phase is usually administered on a wider scale (~3000 participants) • Phase III: trial after FDA approval of the drugs . It involves thousands of participants and may last for years. Apart from testing for the effectiveness of a drug, a clinical research organization also offers the next services to varied pharma and biotechnological companies:- • Clinical data management • Pharmaco...