Law360, New York (September 19, 2012, 1:31 PM EDT) -- Contract research organizations (CRO) provide research services support for the biotechnology, medical device and pharmaceutical industries on a contractual basis. They offer such services as preclinical and clinical research, clinical trials management, biopharmaceutical development and pharmacovigilance.
CROs run the gamut from international full-service organizations to niche specialty businesses. The emergence of the strategic partnership model, with some of the largest global pharma companies pairing with leading CROs in research and development (R&D), has stimulated the industry's growth.
A survey by Robert W. Baird analyst Eric Coldwell found that 42 percent of pharmaceutical companies saw prices increase during the second quarter 2012,...
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