Bid defenses have traditionally been considered the gold standard for culminating the contract research organization (CRO) selection process, writes Laurie Halloran, president and chief executive of Halloran Consulting Group, in an Expert View piece giving her perspective on how both parties can make the most out of this process.
Bid defenses have traditionally been considered the gold standard for culminating the contract research organization (CRO) selection process. Sitting in a room for an hour or two with the CRO gives sponsors peace-of-mind as they make their final decision. Recently there has been increased chatter regarding the disconnect between the CRO business development group and the clinical study operations team that occurs post meeting. Drug development companies, large and small, have been questioning the value of the bid defense – some have been eliminating them altogether, and others are turning to a less conventional method of getting to know the CRO, through a workshop.
Bid defenses can, when executed properly, be extremely valuable. We have some insights to share that we have learned from sitting through years of CRO bid defenses and seeing both the relationships and the conduct of the clinical study play out afterward.
Planning
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze