The sky high prices of the clinical trial in the past year raised the curtain for the new trends in the clinical trial. To cut down the raising clinical trial costs, the pharmaceutical companies entered the new approach contract research organizations. Pharmaceutical companies were able to play the key role in reshaping the new clinical trial. The services offered by the contract research organizations initiated with clinical research activities like research and development. Today, the services offered by these contract research organizations expand to wide ranges which include preclinical evaluations, study design, clinical trial planning and management, independent data safety monitoring, bio-statistical analysis and many more. With the big pharmaceutical companies out sourcing the clinical research activities, the CRO markets experienced a quick growth in the short span.
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