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Clinical Research - outsourced

Asked by : Shweta Nigam, Asst. Manager/Manager -(NonTechnical), IBM-Daksh
Industry : ITES / BPO / Customer Service
Functional Area : Outsourcing
Activity: Question posted: 04 27 2008 22:38:01 +0000, 2 answers, 403 views, last activity 07 06 2010 20:18:08 +0000
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Rating : +2 

Clinical research worldwide has shown tremendous growth, but given the recent backlash or rather call backs of certain drugs, pharma companies are being cautious about conducting clinical trials.

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by   Gangadhar GangaSagar, Head/VP/GM-Marketing, Amersham Pharmacia Biotech Asia Pacific Limited  | 05 07 2008 11:58:29 +0000
  Answer modified by     Ajay Mantha, Asst. Manager/Manager -(NonTechnical), Genpact  | 04 27 2008 22:50:22 +0000
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The clinical research industry worldwide is growing at unparalleled rate. It has opened up new vistas for employment for a large number of trained professionals. The clinical trials market worldwide is worth over USD 26 billion and the industry has employed an estimated 2,10,000 people in the US and over 70,000 in the UK, and they form one-third of the total research & development staff. There are more than 2,50,000 positions vacant globally and salaries vary in the region of approximately USD 40,000 per annum for a Clinical Research Coordinator...

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Current scenario might look bad but it is not as bad as it was. We can increase the development pace by stopping the wrong practices going on. But the fact is that we are growing inspite of them.