eClinical Solutions Expands Presence and Growth on West Coast as Market Continues to Grow
"The global life science's technology market is growing significantly, but it's especially exciting to watch the momentum on the West Coast. West Coast biotechs are rapid adopters of clinical trial technology, decentralized trial models and smaller, more focused outsourced providers like eClinical's Data Services" Biocom California, the association representing the California life science industry, reports that the state's life science sector has tripled since 2000, with a compound annual average growth rate of 5.6%. The organization's recent report also reveals that the local life science industry generated $131 billion in 2020 alone. Simultaneously with this growth, companies face increasing pressure in a crowded market to quicken drug development timelines to get treatments produced faster than competitors and contribute to the industry's sizable ascent. The elluminate Clinical Data Cloud, which now includes risk-based quality management (RBQM) for operational insights, and a Statistical Computing Environment (SCE) will help these companies enhance their clinical trial efficiencies through greater automation of processes delivering sustained competitive advantage.
May-26-2022, 14:50:58 GMT
- Country:
- North America > United States > California
- Los Angeles County > Los Angeles (0.06)
- San Diego County > San Diego (0.07)
- San Francisco County > San Francisco (0.06)
- North America > United States > California
- Genre:
- Research Report > Experimental Study (0.82)
- Industry:
- Technology: