innovations during the drug
discovery phase.
We take a personalized and integrated approach to help our clients position their pipelines and companies for success offering a full range of development and commercialization services.
We are Halloran, a life science consulting firm, partnering to enrich your product development and business growth. We propel your organization further; positively impacting the health and wellbeing of patients around the world.
During our recent Clinical Operations Executive Breakfast, Sarah Santipadri, associate director, clinical program management, AMAG Pharmaceuticals, hosted a virtual roundtable discussion titled “CRO Partnerships – Promise or Peril?” Sarah shared some insights that have helped AMAG see success in its strategic CRO partnering efforts. The participants generally agreed that overall, strategic CRO partnerships can accelerate timelines, improve efficiencies through consistent processes, enable access to a global footprint, and leverage the continuation of corporate knowledge and domain expertise. The level of collaboration required for these benefits involves constant nurturing and engagement as well as mutual widespread investment between both parties. This article highlights some major takeaways on this topic.
What Does An Effective Partnership Look Like?
While most companies strive to benefit from a partnership, every company has its own driver for entering into a partnership with a CRO (or even avoiding one). When a partnership is successful, there is a range of benefits possible for both parties. Some of the hallmarks of an effective partnership that a sponsor company should try to achieve are as follows:
Where To Start
Effective partnerships between sponsors and CROs require clear and open communication and relationship management to form a common vision of partnering and trust. Establishing effective communication from the start can help you move from a tactical vendor relationship to a more strategic operating model with shared goals and united structures and processes. The following recommendations support productive relationship-building:
How To Maintain An Effective Partnership
The sponsor and CRO relationship plays a big role in the success or failure of the study, so it is essential to build and maintain a good working relationship between the sponsor and CRO. In addition to establishing solid communication lines up front, there are several ways to ensure the relationship is nurtured and maintained.
How To Choose The Right Partners
Once you’ve aligned on the level of expectations for maintaining an effective CRO partnership, you should determine what the needs of the project/program are and select CROs that best align with those requirements. Below are recommended key criteria to consider when choosing the right CRO partners:
The benefits of engaging in a strategic partnership are vital to a company’s performance and in turn translate to increased resource efficiency, commitment, cost savings, and, ultimately, more successful studies. Partnerships can be made a success by ensuring internal clarity and alignment, conducting engagement with potential partners, and being open to using cohesive experiences. Thoughtful approaches to the initial relationship-building and in ongoing communications will help lead the path to a successful relationship.