ClearTrial to Demonstrate Dramatic Gains in Clinical Outsourcing Efficiency Achieved by Biopharmaceutical Companies at European Outsourcing Event

Document Sample
ClearTrial to Demonstrate Dramatic Gains in Clinical Outsourcing Efficiency Achieved by Biopharmaceutical Companies at European Outsourcing Event Powered By Docstoc
					ClearTrial to Demonstrate Dramatic Gains in Clinical Outsourcing Efficiency
Achieved by Biopharmaceutical Companies at European Outsourcing Event
Software shortens contract closure time for one customer from 2 ½ months to 2 ½ weeks; saves
another customer 20% of outsourcing costs
London, United Kingdom (PRWEB) February 2, 2010 -- ClearTrial (www.cleartrial.com), the leading provider of
Clinical Trial Operations (CTO) software, today announced that it will be demonstrating the software's
capabilities to drive greater outsourcing efficiency to an audience of more than 125 clinical outsourcing
professionals at the 3rd Annual Clinical Outsourcing World conference in London. The event attracts
biopharmaceutical companies from around the globe to hear top clinical outsourcing experts discuss major
strategic and operational challenges of partnering with clinical research organizations (CROs).

 Attendees of the conference will discover firsthand how ClearTrial software is helping biopharmaceutical
companies worldwide gain speed and consistency and cut costs in the outsourcing function:

• Rapid "what-if" scenarios to choose the best outsourcing model for studies
• Accurate cost comparisons between types of CROs
• Fast, consistent RFP development
• Streamlined contract negotiations
• Greater visibility to cost and resource requirements, both internal and outsourced
• Minimized change orders and their corresponding impact on the organization

 ClearTrial software is built on an activity-based or “project management” architecture, which enables the
software to provide greater speed, accuracy, and flexibility to outsourcing groups and clinical operations.
Supporting all outsourcing models and contract types, as well as 39 currencies and over 150 therapeutic
indications, the software automatically calculates labor costs across 70 different countries.

 Cubist Pharmaceuticals, Inc., a Massachusetts-based biopharmaceutical company focused on the research,
development, and commercialization of pharmaceutical products that address unmet medical needs in the acute
care environment, recently acquired the ClearTrial software, with a view to further enhance their clinical
outsourcing efficiency.

 “New clinical outsourcing models and alternatives that are in practice today have created much more complexity
for our clinical trial planning and for optimizing our outsourcing needs,” said Dr. Santosh Vetticaden, Chief
Medical Officer at Cubist. “We are looking forward to utilizing the capabilities of ClearTrial, to allow us to
quickly compare cost scenarios for different approaches—fully outsourced, outsourced by function, independent
contractors, and studies performed in whole or in part by internal Cubist personnel.”

 “Other customers continue to share their outsourcing success stories with us,” remarked ClearTrial CEO Mike
Soenen. “One recently cited that they shortened their typical two and one-half month contract negotiation period
to just over two weeks from RFP development to signed contract. One of our mid-sized biotech customers
recently saved 20% of the bid cost of a study through more informed negotiations with their CRO.”


PRWeb eBooks - Another online visibility tool from PRWeb
 Preparing RFPs and negotiating with vendors also becomes less labor-intensive with ClearTrial, which
automatically generates critical documents such as fixed unit based price and resource demand reports based on
the study assumptions, and increases accuracy and transparency during negotiations. In addition, cost reports
such as milestone payment schedules and cash flow charts promote more equitable payment terms for both
sponsors and their service providers.

 Once a study is in progress, ClearTrial software tracks the project and financial performance against the
operational plan, enabling quick identification of underperforming projects and the ability to drill down to the root
cause. The software allows for quick reforecasting of costs, resource needs, and timelines when change orders
become necessary.

 “Another of our customers said that ClearTrial helped them better prepare to conduct trials in China for the first
time by arming their staff with multiple cost, resource, and timeline scenarios made possible by ClearTrial’s
sensitivity to global differences in study conduct,” remarked Soenen. “As the outsourcing of clinical trials
continues to accelerate and to expand into new regions, we look forward to helping both sponsors and CROs plan,
forecast, and track clinical trials more efficiently.”

 About ClearTrial®
 ClearTrial is a leading provider of clinical trial software for clinical operations planning, budgeting, and
outsourcing. ClearTrial’s award-winning software helps pharmaceutical, biotechnology, medical device
companies, and CROs expedite the clinical development process without sacrificing quality of results. The
company’s software products support clinical operations, resource planning, and outsourcing departments with a
single solution that promotes speed and consistency, while maintaining flexibility to handle different study
requirements. For more information please visit http://www.cleartrial.com.

 ClearTrial® and the ClearTrial logo are registered trademarks owned by ClearTrial, LLC, which may be
registered in certain jurisdictions. Any other company or product names mentioned in this release are hereby
acknowledged as registered trademarks or trademarks of their respective owners.

For more information contact:
Mike Lange
ClearTrial
+1 630.986.9800 x112

###




                                                                       Page 2/3

If you have any questions regarding information in these press releases please contact the company listed in the press release. Our complete disclaimer
appears here. - PRWeb eBooks - Another online visibility tool from PRWeb
Contact Information
Mike Lange
ClearTrial
http://www.cleartrial.com
+1 630 986 9800



Online Web 2.0 Version
You can read the online version of this press release here.

PRWebPodcast Available
Listen to Podcast MP3 Listen to Podcast iTunes Listen to Podcast OGG




                                                                       Page 3/3

If you have any questions regarding information in these press releases please contact the company listed in the press release. Our complete disclaimer
appears here. - PRWeb eBooks - Another online visibility tool from PRWeb

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:14
posted:2/2/2010
language:English
pages:3