This kind of outsourcing is becoming more popular in the pharmaceutical industry due to the need for low-cost, yet high-quality research services. In fact, it has been found that outsourcing has significantly reduced the burden on market players and has even led to a significant profit margin.
These services are provided to a variety of sectors, including academia, pharmaceutical companies, and government institutes. Preclinical research is an important part of drug discovery. To make new
Contract Research Organization available to patients, drug development companies must conduct preclinical studies. The drug development process is difficult, time-consuming, and resource-intensive.
The clinical phase involves a high risk of failure. Contract research organizations play an integral role in the process by taking on these burdens on behalf of drug manufacturers.
A preclinical research contract research organization (CRO) monitors the effects of drugs on living organisms. They also document the outcomes of all tests. This ensures a smooth process and verifiable data around every test. This helps accelerate the drug discovery process. By hiring a preclinical research CRO, a pharmaceutical company can be sure that every aspect of the process will be handled by specialists.
Dr. Michael Larson founded IBEX in 2003. Prior to this, the company was part of PolarityTE. PolarityTE is a publicly-traded organization. The acquisition of IBEX earlier this month gives PolarityTE the opportunity to provide a more personalized approach to preclinical research. As a result, the company will continue to expand its clinical research team, and the company will add preclinical scientists and technicians.
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