functional service provider
As more and more sponsors look for cost-effective solutions and shun preferred-provider relationships, CRO giant Parexel has launched a new functional service offering for pick-and-choose drug developers.
Icon is continuing to change up its business model, kicking off a new functional service provider offering through its DOCS subsidiary.
The American CRO and the Japanese pharma star entered a three-year, functional service provider (FSP) alliance that kicked off earlier this month.
Big pharma companies remain interested in the functional service provider model for outsourcing, and CROs are trying to respond in kind.