Pharmaceutical companies continue to face challenges in ensuring optimal level of resources in-house at all times to support their clinical development programs. The ideal solution is to let a partner manage the risk of the peaks and troughs in resource requirements. In addition to this, there’s also the strategy of identifying core and non-core activities, building in-house capacity for core functions and using contractual resources for the rest.
Clinical trials being outsourced to full-service CROs is a fairly standard operating model, but the past couple of decades have witnessed an increasing interest in the FSP (functional service provider) model. An FSP partner offers functional expertise, resource management and technology solutions in a flexible, scalable delivery model. Such capability augmentation requirements are common in the area of clinical trial execution. With the rising demand for real world data analysis and the advent of value-based care models, these requirements have extended to real world data analytics and related areas.
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