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| LETTER FROM THE PRESIDENT |
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| Having been in the industry for several decades, we have
seen the progress of the industry and been a part of its evolution.
The driver behind exponential growth of the European market is the
increasing attractiveness of Eastern Europe to drug developers
in both the US and Western Europe. A number of multi-centre
clinical trials being carried out in the CEE region are growing
on average at an annual rate of 30 per cent. |
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| Some areas significantly impacting the European CRO industry
today include globalization, the EU Clinical Trials Directive and EDC
(electronic data capture). The EU Directive continues to create a
challenge for trials in Europe and has increased the regulatory
business for some of the big CRO's, adding another service for
CRO's to provide to clients. In addition, EDC is making headway
as companies look to improve the clinical trial process. |
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| Partnerships with specialized CRO's in different regions always prove
advantageous as they operate globally and have first hand experience of
dealing with regional issues. As CRO's work internationally across
different therapeutic areas and on different types of products they
can often gain ideas on new approaches to important issues such as
patient recruitment. |
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| As these developments make way, we continue to look for opportunities
to expand the industry and tap new markets. Our combined relationship with
AcuNova has enabled us in tapping lucrative opportunities that prevail in
countries like India. ECRON AcuNova combines experts in the clinical research
space with the joint strength of two regional expert CRO's, from experienced
geographies. The new entity will continue to be lead by our 20 years experience
in addition to AcuNova being a reputed university CRO. |
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| We believe this synergy will have a positive impact on the clinical
research space and on the clients of both the company's. We are able to
strengthen our expertise in clinical trials and data management from
our Indian counterparts with faster patient enrolment in clinical trials,
timely database lock, high quality early phase development as well as unique
features like access to the Central Lab for Clinical Trial Testing. These
services bring speed to projects, are of high quality and improve our
competitiveness in Europe. |
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| We look forward to our being your partner of choice and bringing value to the services we offer. |
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Dr K D Wiedey
President
ECRON AcuNova GmbH
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