BANNOCKBURN, IL — (PRWEB) September 9, 2010 — Advanced Clinical, a leading provider of clinical research services, just launched its “How Advanced Are You?” contest to help life sciences companies create R&D transformation and innovation to improve clinical trial performance.
The pharmaceutical industry has struggled with making significant budget cuts in its workforce and R&D spending. Drug development costs continue to rise, while new and experimental drugs are increasingly delayed in getting to market. Loss of patents and competition from generics only add to these problems. The $70B revenue gap between what’s in the pipeline and revenue at risk due to patent expiration further exasperates these issues. The pharmaceutical business model is broken, and it is clear to industry experts that a transformation and growth breakthrough innovation is needed. Advanced Clinical launched its “How Advanced Are You?” contest to show how these issues can be addressed with a new framework that leverages leading practices within and outside of the life sciences industry.
Advanced Clinical just launched the paradigm shifting Industry Leading R&D Performance (ILRDP) framework to help life sciences companies deliver strong clinical trial performance and to create step-change improvement in the “Business of R&D.” ILRDP includes codified methods, tools and techniques. Rosemarie Truman, Executive Vice President of Solutions at Advanced Clinical, said, “The ILRDP diagnostic framework allows us to assess how R&D capabilities can be enhanced to ensure R&D can deliver clinical development, clinical trials as well as clinical operations at the lowest Total Cost of Ownership (TCO), with the highest probability of success.”
“How Advanced Are You?” contest submissions should answer the following criteria:
Do you want to know how advanced you are in clinical development, clinical trial performance, clinical operations and/or overall R&D? Sign up and take Advanced Clinical’s ILRDP Challenge to win a free ILRDP assessment to determine how you can optimize your clinical trial. You will gain recommendations on how to increase your probability of success, obtain lowest TCO and attain the highest quality results.
Winning companies will receive a two-day assessment to analyze what changes can be made to optimize their trial performance.
About Advanced Clinical: Advanced Clinical provides consulting services, strategic sourcing (CRO), talent management, and technology solutions to the Life Sciences industry. With 15+ years of experience, Advanced Clinical is an established presence in the clinical research field, providing services specifically for Pharmaceutical, Biopharmaceutical, Biotechnology and Medical Device organizations. Advanced utilizes a value-based, “One Team” approach. To learn more, visit http://www.advancedclinical.com.
Contact: Rosemarie Truman rtruman@advancedclinical.com 1200 Lakeside Drive Bannockburn, IL 60015 Ph: 202-438-2208
