Life sciences companies are now investing more in R&D productivity, and this is a clear sign there is a paradigm shift in the 'business of R&D.'
Bannockburn, IL (Vocus) September 10, 2010
Advanced Clinical, a leading provider of clinical research services, is implementing R&D transformation to gain true insight into clinical development and clinical trial success.
With Roche’s recent announcement to cut costs and raise R&D productivity, and having joined others, like Novartis and Pfizer, to shift the center of gravity to emerging markets such as China for R&D, it is clear the R&D model has changed for major pharmaceutical companies. These announcements, coupled with significant budget cuts in the R&D workforce and spending, signal a need for an innovative turnaround in R&D transformation.
Advanced Clinical launched its Industry Leading R&D Performance framework to implement R&D transformation (ILRDP) to help life sciences companies deliver strong clinical trial performance as well as to create step-change improvement in the “business of R&D.” ILRDP includes codified methods, tools and techniques to ensure operational excellence and improve productivity. By implementing the ILRDP framework, R&D will not only be transformed in the industry, but optimized as well.
Sean Gerstenlauer, Vice President at Advanced Clinical, said, “Life sciences companies are now investing more in R&D productivity, and this is a clear sign there is a paradigm shift in the ‘business of R&D.’ Advanced can offer a lot of value in this scenario, as the ILRDP framework creates breakthrough performance in R&D and clinical trials.” In addition, Sean adds, “Having the right talent is foundational to driving R&D productivity.”
ILRDP employs codified delivery methods, tools, techniques and intellectual property assets to speed the delivery of a clinical trial at the lowest Total Cost of Ownership and with the highest probability of success.
About Advanced Clinical: Advanced Clinical provides consulting services, strategic sourcing (CRO), talent management, and technology solutions to the Life Sciences industry. With 15+ years of experience, Advanced Clinical is an established presence in the clinical research field, providing services specifically for Pharmaceutical, Biopharmaceutical, Biotechnology and Medical Device organizations. Advanced utilizes a value-based, “One Team” approach. To learn more, visit http://www.advancedclinical.com .
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