|[May 01, 2012]
New CenterWatch Study Finds Major Differences in Performance and Outlook between Investigative Site by Size, Age and Setting
BOSTON --(Business Wire)--
Results of the 2012 CenterWatch
Study of Global Investigative Sites released in today's CenterWatch
Monthly reveal wide differences in profits, growth and economic
optimism between the largest and smallest sites, the youngest and oldest
sites, and for-profit versus not-for-profit sites.
In its most extensive study of investigative site operations in a
decade, CenterWatch surveyed 257 global sites about their finances,
operations and outlook for economic recovery. The average site reported
a rebound in operating conditions but concern about the stability of the
clinical research sector. A complimentary sample of the summary report
and data is available at www.centerwatch.com/promotions/sampledata.pdf.
While small sites (five or fewer employees) saw the strongest top-line
revenue growth in 2011, up 15%, and the highest profit margin of all
site groups, the largest sites are more poised for growth, with 63%
eporting expansion plans in 2012, compared to only 36% of small sites.
Younger sites saw the fastest growth and are the most optimistic about
the future. More than half of those in business for less than five years
expect economic conditions to improve this year, while only 20% of sites
with more than 21 years of experience share that optimism.
"Although it is common for pharmaceutical companies and contract
research organizations to think of investigative sites as a homogeneous
group," said CenterWatch COO Joan Chambers, "CenterWatch research shows
time and again that there are wide differences between investigative
sites across a variety of characteristics including size, volume of
activity, age, and clinical trial setting. The results of this
CenterWatch study offer real insights into the unique operating needs of
various types of investigative sites."
CenterWatch released part one of this study reporting on growth in
clinical trial activity, staffing, patient volume and revenue.
an excerpt from this feature article, purchase a copy
of the May issue or subscribe to The CenterWatch Monthly
online at http://store.centerwatch.com,
or call (617) 948-5100. New subscribers will receive the full summary
report with 20 data and methodology charts.
Founded in 1994, CenterWatch is a trusted source for clinical trials
information and analysis by research professionals and patients.
CenterWatch provides a wide variety of information services including
grant leads and actionable insights for investigative sites; business
development leads and strategic news for sponsors and contract service
providers; postings of industry-wide career opportunities; listings of
clinical trials actively seeking patients; advertising and promotional
opportunities; and proprietary business analysis, market and drug
intelligence. Visit www.centerwatch.com.
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