With so many balls to juggle in the development pathway of a new drug, pharma companies looking for support along the research process often find value in calling upon the expertise of contract research organizations. Companies such as Parexel (Nasdaq: PRXL), which has recently opened a new European hub near Berlin, Germany, can smooth the patchwork of trials and development by reducing the number of interfaces.
Thomas Senderovitz, senior vice president of clinical research services at Parexel, describes the services that contract research organizations such as Parexel supply as “helping clients make the journey from ideas to the market with more integrated solutions.”
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