IDBS Blog

IDBS Blog | 30th August 2018

Working with CROs: Are You Ready to Future-Proof Your Business?

Despite shrinking growth in the pharmaceutical market, from double to single digit growth rates, demand for contract research organization (CRO) services is growing rapidly, according to the Business Research Company’s (BRC’s) 2018 CRO Global Market Report.

Affirming CROs are on the rise, LabCorp, the world’s leading healthcare diagnostics company, has invested heavily in Covance – its CRO line – signing several partnership deals to enhance its drug development process.

To date, Covance has recorded $1.1bn revenue for the quarter, an impressive 31% growth compared to last year.

The success of the drug development process relies heavily on diligent recordkeeping, therefore improving efficiencies while preserving accuracy is key. Outsourcing, when done right, will provide researchers with a controlled, compliant environment and advanced data management system.

CROs and R&D organizations both require solutions that can manage existing infrastructures, seamlessly integrating outdated lab informatics. A prime system will also provide an inceptive layer of quality control (QC) checks, and doesn’t just simply flag deviations.

R&D organizations that want to future proof their business need to ask themselves: is my software ready for outsourcing?

About IDBSContact us

More news

Webinar | September 30 | DLX Integration within E-WorkBook

This session will provide an overview of IDBS’s upcoming plans to embed the DLX platform within E-WorkBook Cloud to provide a scalable, enterprise-grade integration backbone for lab connectivity and workflow orchestration. Following the overview, there will be an open forum to discuss some of the challenges in delivering lab integration at scale and feedback on workflows / instrument classes that should be considered for initial prioritization.

Read more

Webinar | September 21 | Upcoming Analytics Launch

IDBS is excited for its upcoming analytics launch and will update attendees to the progress made in this space which will have real benefits to its system administrators and spreadsheet data consumers. E-WorkBook Cloud and Polar customers will learn about new capabilities soon available to them – and E-WorkBook on-premise customers will learn about some business benefits of migrating to the cloud.

Read more