Emerging Markets Shorten Drug Development Timeline and Provide Patients with Faster Access to Better Medicines
SAN FRANCISCO, Dec. 8, 2011 /PRNewswire/ -- ClinStar, LLC, an established CRO providing clinical research services in the emerging markets of Russia and Eastern Europe to the biopharmaceutical industry, announced today that it is being featured in a Medical Minutes series by Business Day TV hosted by Terry Bradshaw.
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According to the episode, it takes approximately 10 to 15 years and over one billion dollars to launch a new drug, and even then, only one in five products generate enough revenue to break-even. To speed up the process, biopharmaceutical companies utilize the services of Contract Research Organizations (CROs) to conduct the clinical research phase in patients. However, with qualified and interested patients becoming more difficult to find in the West, the industry is turning to CROs like ClinStar that geographically specialize in emerging markets.
"More and more clinical research is being conducted outside the traditional markets of North America and Western Europe," says David Passov, President and CEO of ClinStar. "This is not necessarily driven only by somewhat lower cost but rather by the ability to significantly speed up drug development by accessing a global population of 7 billion people."
Specializing in the emerging markets of Russia, Ukraine, Belarus and the Baltic States, ClinStar leverages the region's combined population of over 200 million and the support of physicians and government regulatory bodies to enjoy recruitment rates up to 20 times faster than in the West.
"By conducting clinical trials in emerging markets, biopharmaceutical organizations are able to reduce the time to develop a drug," says Mr. Passov. "This not only translates into cost savings for the biopharmaceutical industry but results in faster access to better medicines for us all."
View the full-length version of ClinStar featured on Business Day TV
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About ClinStar, LLC
ClinStar is one of the most prominent CROs in the emerging markets of Eastern Europe and the Baltics with more than 10 years of expertise in Phase I-IV clinical studies in multiple therapeutic areas. Headquartered in San Francisco, California, ClinStar manages studies from its offices in Russia, Ukraine and Belarus, with total staff of over 260 people. Its portfolio contains over 130 clinical trials conducted for US and European pharmaceutical and biotechnology companies. More information is available at www.clinstar.com.
SOURCE ClinStar, LLC