To improve clinical research budgets and enhance the management of its clinical development processes
Medidata Solutions has extended its multi-year contract with Shire for use of Medidata Grants Manager and CRO Contractor benchmarking and analysis tools for investigator site and contract research organization (CRO) trial budget planning and forecasting.
Under this new contract, Shire will implement three analysis modules that will enable the company to gain greater insight into clinical research costs and further enhance the management and success of its clinical development processes.
As a result of this collaboration with Medidata, Shire’s study teams will continue to provide high-level cost forecasting and address budget issues. In order to fully optimize the use of Grants Manager, CRO Contractor and the analysis tools, Shire added a full-time position dedicated to providing quality assurance of the planning and budgeting process, conducting analyses of overall clinical spending and ensuring compliance to Fair Market Value (FMV) payment practices.
Fred Naids, senior strategic sourcing director at Shire, said: “We have always benefitted from our collaborative relationship with the Medidata Trial Planning team, and they were able to help us spot areas for improvements across our budgeting and forecasting process and present viable solutions for how our study teams could become even more effectiv.
Moving forward, the Grants Manager and CRO Contractor Analysis modules are going to play a key role in our ability to access and learn from critical benchmarking data.”
Tarek Sherif, chairman and CEO of Medidata Solutions, said: “Shire has been a strong partner that’s proven to be extremely proactive in making improvements to the management of its clinical development plans. Our extended relationship with Shire also shows their commitment and trust in our solutions, services and support teams, and we look forward to continuing our collaboration for many years.”