NewswireToday - /newswire/ -
Pune, Maharashtra, India, 2015/08/03 - A new B2B portal GetCRO.com, for outsourcing of Pharmaceutical & Biotech R&D research to Contract Research Organizations (CROs), is launched recently. This portal is designed to address challenges faced by Clients & CROs - GetCRO.com.
A new outsourcing portal is set to dramatically change the way in which pharmaceutical and biotech companies partner with contract research organisations (CROs). GetCRO.com is designed to streamline the research services marketplace and enable pharma companies to work to tighter budgets by outsourcing contract research.
The launch of GetCRO.com will mean it's easier than ever for pharma and biotech firms to find a CRO with which they can have a long partnership with, resulting in stronger relationships and more effective research. The B2B e-commerce portal allows pharma companies to post their projects and receive bids directly from CROs. Companies can then choose the most suitable CRO for them based on price, experience and credibility.
CROs are set to benefit from GetCRO too; the portal gives them an opportunity to showcase their experience and expertise, and expand their network of business partners and industry contacts.
Demand is currently high in the pharmaceutical and biotech industry for CROs. With drug development costs continuously rising, pharma companies are under pressure to adhere to strict budgets; outsourcing contract research is a highly effective solution. Currently, pharma companies must invest a great deal of time and money in searching for a suitable CRO, which is why GetCRO is a crucial development in the research services marketplace.
GetCRO's global B2B portal matches demand against supply of all services needing to be outsourced in the pharmaceutical industry. In this respect it is hugely beneficial for companies which require immediate research services for urgent projects, or for companies that require research to a capacity which is currently unavailable to them.
Founder of GetCRO.com, Shrikrishna Pawar, has explained why the portal has been created and what it means for the industry: "We have designed this portal based on our decades of experience in this field. We realised that companies and CROs face lots of challenges during the process of outsourcing. This portal aims to address these pain points of pharmaceutical and biotech companies as well as CROs.
"The marketplace is designed in such a way that while maintaining the confidentiality aspects, companies can find and start working with their most suitable CRO partner. This will save a lot of time and costs for the pharma companies looking to outsource. At the same time, CROs can get access to current business opportunities with a significant decrease in their marketing cost."
GetCRO (getcro.com) has a vast database of CROs with expertise in all stages of drug development, including discovery research, generic product development, contract manufacturing, API, clinical research, regulatory affairs and consulting, to name just a few. Each CRO will be provided with a profile - at no cost - which they will maintain with crucial information such as organisation introduction, services offered, infrastructure, achievements and accreditation details.
Pharma companies are able to register and post their projects for free, whilst CROs make pitches for projects also at no cost. CROs only pay fees when they get results and are awarded projects. This is a win-win scenario for both parties; it means that outsourcing contract research is simplified and cost-effective for pharma companies and marketing costs are kept incredibly low for CROs.
To learn more about GetCRO and register as a pharma company or a contract research organisation, visit the website.