Entry of pharmacy chains into clinical research CVS Health CVS Health was the first of the major pharmacy chains to publicly enter the clinical research space when they launched CVS Health Clinical Trial Services in May 2021. They launched this new business arm initially to facilitate clinical trials for COVID-19 vaccines and treatments. While the...
There are plenty of instances where institutional capital goes into a sector, only to fizzle out. Why are we confident that the site network trend is real, and not hype? We’ve identified 4 main levers of revenue and profit growth for network consolidation. In order, from the “quick hit” to the heaviest lift: Business Development...
Valuation of site for purchase by site networks As site networks compete with each other to purchase clinical research sites, certain valuation standards have emerged. For sites that achieve a scale threshold, an exit is possible at a multiple of the site’s EBITDA. EBITDA stands for earnings before taxes, interest, depreciation and amortization, and it’s...
The daunting task of COVID-19 trials The onset of the COVID-19 pandemic posed a new challenge for sponsors. They needed to execute clinical trials at a rate that has never been accomplished before. To succeed, they needed sites that could conduct the trials at unprecedented speed. These are sites with short start-up times, existing large...
In a 2019 CRIO eBook, “Scaling and Innovating: The Consolidation and Reinvention of Clinical Research Sites” we explored the emerging trend of clinical research site consolidation. Our predictions were prescient. Today, the number of institutional investors in the space has increased more than 7-fold since 2015, with no sign of abating. We at CRIO predict...
In the latest virtual conference hosted by ACRP, Innovation in the Era of COVID, Raymond Nomizu of Clinical Research IO and Jessica Branning of ClinCloud Clinical Research discussed electronic Source (eSource) and how it has shaped the future of clinical research. Ms. Branning’s site, ClinCloud, was built ground-up on a technological platform centered around CRIO....
CRIO reviewed the websites of 49 large clinical research sites and site networks (identified from public literature searches and CRIO’s own database) to review whether they’ve posted public information about their response to the pandemic. Of the 40, 17 did. Of the 17, 7 happen to be CRIO clients. Here is a summary and several...
