Author: Anthony Encarnacao, Vice President, Global Partnerships
Snapshot:
Understanding Objectives: Successfully partnering with sponsors begins with a clear understanding of their ultimate goals, study objectives, and timelines.
Transparent Communication: Effective governance and regular communication are essential for ensuring alignment and proactively addressing issues throughout the study.
Building Trust: Establishing and maintaining trust through proactive identification of needs and transparent collaboration enhances partnership success.
Strategic Technology Choices: CROs should consider study specifics when selecting flexible technology solutions that can evolve to meet changing trial needs.
As clinical trials evolve, Contract Research Organizations (CROs) face ongoing challenges to secure new bids and retain existing customers—needing to showcase cost-effectiveness, hitting timelines, and efficient implementation to win business from sponsors. Strategic and trusted partnerships with technology vendors can emerge as valuable assets in navigating these challenges and help set the path to success for CROs and sponsors alike.
This four-step checklist, drawn from insights shared by CRO experts in a recent webinar, serves as a practical guide for CROs to build lasting relationships with sponsors and technology vendors.
How CROs and technology vendors support sponsors depends on the trial needs and the sponsor’s goals. Effective technology approaches start with understanding, including exploring these and other questions:
Successful partnerships require clear communication and decision-making. Steps that contribute to effective collaborations include:
Building trust is a foundation for successful study outcomes, especially between CROs and vendor partners. Partners can establish trust by:
CROs, with the help of vendors, play a pivotal role in supporting and guiding sponsors on technology-related challenges. When assessing how to navigate technology challenges:
These are a few of the most critical steps in the CRO-vendor relationship. When CROs work with vendors who are committed to being true partners, CROs can establish robust partnerships with technology vendors and sponsors—and better leverage technology to meet and exceed study goals.
This collaborative approach ensures that technology aligns with study objectives, reduces potential issues, and enhances efficiency in clinical trials. When everyone collaborates, partnerships thrive, and success becomes a shared achievement.