RALEIGH, N.C., April 16, 2015 (GLOBE NEWSWIRE) -- INC Research Holdings, Inc. (Nasdaq:INCR), a leading global Phase I to IV contract research organization, today announced the formation of a new Site Advocacy Group (SAG) focused on streamlining and enhancing the payment process for clinical research sites. Through this forum, INC Research will be at the forefront of working with sites to improve a key aspect of clinical trial management and facilitate ongoing dialogue on operational best practices for conducting successful research.
"Clinical research sites are essential participants in bringing new therapies to market and making them readily available to patients in need," said Clare Grace, Vice President, Site and Patient Access. "To this end, we as an industry must take an active role in providing them with the support they need to be successful. By improving and streamlining the payment process and reducing administrative challenges in managing clinical trials, we are enabling sites to maintain their focus on conducting quality research and meeting enrollment goals. This forum will facilitate meaningful discussions to develop actionable plans that make a real difference for sites and ensure a continued high standard of patient care."
INC Research's new SAG was established in response to specific feedback from sites that noted financial challenges to their ongoing sustainability as a participant in the clinical research enterprise. According to the 2014 Site Solutions Summit Survey conducted by the Society for Clinical Research Sites (SCRS), 65 percent of sites have less than three months' operating cash on hand. The survey also concluded that pass-through items are increasing for sites, placing more pressure on cash flow management. CROs can play a major role in alleviating some of this pressure by improving infrastructure and refining processes to better support sites. The Investigator Payment SAG aims to understand in depth the pain points sites experience and modernize financial processes to keep clinical research sites engaged, as well as recruit new sites.
SCRS members across therapeutic practices are invited to join the Investigator Payment SAG, which will kick-off later this year. As part of INC Research's Circle of Sustainability sponsorship with SCRS, the Company is the only CRO to now lead two SAGs – Investigator Payment and Protocol Review – in an effort to drive efficiencies across the clinical development process. INC Research joins TransCelerate BioPharma and Eli Lilly & Company in leading relevant SAGs to more closely align the work of the sites and industry across the research ecosystem.
"Our SAG program is gaining considerable momentum in the industry and we are fortunate to have INC Research address the issue of clinical research site payments head-on," said Christine Pierre, President, SCRS. "Opening the lines of communication directly with sites and actively listening to their challenges in order to solve industry issues is exactly why we launched the SAG initiative. We look forward to working with INC to share the results of these efforts."
SCRS is a global trade organization founded in 2012, which represents over 2,300 research sites, including 30,000 research professionals in 40 countries. SCRS' mission is to unify the voice of the global clinical research site community for greater site sustainability. SCRS has become an active partner in industry-wide initiatives and dialogues focused on improving the clinical research enterprise. Sites, as well as companies that sponsor or support the work conducted at clinical research sites, will benefit from membership and partnership. Visit MySCRS.org.
About INC Research
INC Research (Nasdaq:INCR) is a leading global contract research organization (CRO) providing the full range of Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industry. Leveraging the breadth of our service offerings and the depth of our therapeutic expertise across multiple patient populations, INC Research connects customers, clinical research sites and patients to accelerate the delivery of new medicines to market. The Company was ranked "Top CRO to Work With" among large global CROs in the 2015 CenterWatch Global Investigative Site Relationship Survey. INC Research is headquartered in Raleigh, N.C., with operations across six continents and experience spanning more than 100 countries. For more information, please visit www.incresearch.com.
CONTACT: Investors: Ronnie Speight, +1 919 745 2745 Media: Lee Kennedy, +1 919 666 0772Source:INC Research