The pharmaceutical and biotechnology industry has benefited greatly by outsourcing research services contractually. Now, that’s what you call a contract research organisation. When a company cannot handle complex research studies related to biological services, clinical exploration, or chemical formulations, it usually resorts to a contract research organisation for assistance. Today, CRO’s are an integral part of the research process as they serve as guides to assist various service providers. However, the real challenge is choosing a contract research organisation in Delhi. There are several organisations offering assistance to industries, so picking one that serves your need requires careful consideration.
Know your needs
You are familiar with what top contract research organisations do but decision-making can still be difficult. Assess your preferences at first. What is your company looking forward to? Are you inclined to leverage quality or experience? Apart from this, how much is your organisation planning to spend on hiring the contract research organisation? There are several parameters based on which you need to judge them. Here they are:
- Check the portfolio and experience
When searching for top contract organisations in India, watch for the experience of the company? How long have they been in this field? What is their area of specialisation and the industries that serve? Check their track record and how consistently have they delivered to clients? Ask them about the scope of work and how they have assisted the biotechnology and pharmaceutical industries. Get down exploring the qualifications of the staff. At the same time, if your research process is large, find out whether the CRO has adequate quality staff to meet your needs. Check the team’s structure that is responsible for handling your work. Knowing the core capability of the team that will handle your work and how prepared they are to handle new expansions is important.
- Determining the cost of hiring
Do you know the amount you need to shell out for hiring the CRO? Find out how much your company can save when you utilise when you choose the “Get what you pay for” model. When researching the quotes and bids, ask for a breakdown of the cost per unit and not just the entire amount. Don’t feel tempted to pick budgeted proposals that are deemed to be lower than other organisations.
That way, you may compromise the work specifications and get unexpected results. Instead, you can choose flexible payment structures. For instance, if you are running a study of 30 weeks and the initial results are not satisfying, you can bring it down to 10 weeks. So, you will pay only for the 10-week tenure.
- Quality and customer service
When choosing the contract research organisation in Delhi, determine the quality of service they offer. Be mindful that it should be way higher than what your in-house research team can do. Check the certifications they hold and don’t just believe what they say. When it comes to customer service, make sure the team members of the organisation and your company are on the same page. The CRO should constantly communicate with the company they are serving and hold weekly meetings with them.
- Infrastructure and systems
Inspect the infrastructure of the contract research organisation to ensure that they have what it takes to support your research project requirements. Apart from the number of staff in there, you need to find out whether they have software to track the project’s performance. The data at the CRO’s need to be integrated with your company’s system; enquire whether they work with such technologies.
- Add value
While keeping track of the rest of the parameters, you must not forget whether the partnership adds value to the project. Don’t just stay focused on the cost; make sure the anticipated cost of the project generates value for the research studies.
When evaluating the performance of top contract research organisations, you need to consider various factors that are likely to make a direct impact and those that make an indirect impact. Check the financial stability of the organisation and make sure they are capable enough to achieve the desired result for the clinical studies they conduct. Every industry will have their requirements when it comes to choosing the CRO but the criteria mentioned above are the basic ones you must not miss. Connect with Decode DNA for research outsourcing and expect the desired results.
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