Novotech, the Asia Pacific centered biotech specialist CRO said the latest industry research publication by GlobalData and Novotech found almost 50% of new trials had sites in Asia Pacific.
According to the new publication titled State of the Global Biotech Landscape: Where the Opportunities Lie, demand for Asia Pacific trial sites is strong with almost half of the more than 27,000 clinical trials initiated in 2021 having sites in Asia Pacific.
The data shows almost 12,900 of the new trials had sites in Asia Pacific.
The report also noted that the Asia Pacific region, which has more than 6,772 trial sites each with access to an average of 2,136 million people, has considerable underutilized capacity presenting an opportunity for growth in multinational trials in the region.
In addition, analysis of trial growth trends found that Asia Pacific has also seen high phase-level growth over the 5-year analysis period to 2022.
- Phases I and II were dominated by Asia Pacific, which served as a trial location in 57% and 49% of trials, respectively.
- US and EU remained stable at approximately 20% at phases I through III
- RoW representation is low in phases I and II but on par with the US and EU in phase III.
Novotech this month was awarded the Frost & Sullivan Company of the Year Award 2022 for Best Practices in the Asia-Pacific contract research organization industry. Novotech has been a recipient of the Frost & Sullivan Asia Pacific Best Practices awards since 2006.
Frost & Sullivan identifies companies that consistently develop growth strategies based on a visionary understanding of the future, and effectively address new challenges and opportunities.
Frost & Sullivan said:
“Our approach involves the deployment of best practices and strategic analytics across a value chain. Against this backdrop, Frost & Sullivan recognizes Novotech for its valuable achievement.
Novotech addresses the global drug development market’s unmet needs with a strong leadership focus that incorporates client-centric strategies with best-practice implementation.
From feasibility assessments to regulatory submission support, data management, medical monitoring, and project management, the company provides a 360-degree approach to drug development for its biotech clients.”
In response to the Company of the Year Award announcement, Novotech CEO Dr. John Moller said this award is a credit to our entire global team which has decades of biotech drug development experience.
“Our global clients benefit from access to our expert teams in Asia Pacific, which is the fastest-growing clinical trial region, due to its vast patient populations and sophisticated medical research infrastructure.
Our consistent investment in advanced training and technology systems combine to deliver a specialist full-service biotech CRO solution.”
Novotech also recently produced a new publication for biotechs considering China for their clinical research, and the relevant processes required for global regulatory approvals.
The report details regulatory requirements for biotechs including NDA and IND processes as well as ex-US research guidance for a successful US FDA approval pathway.
Novotech provides the relevant regulatory knowledge and drug development pathways specifically designed to support the US FDA approval process, avoiding delays and additional costs.
Novotech has also recently been benchmarked as a top 10 CRO among the world’s leading CROs, is a finalist in the prestigious Scrip awards, and has just been awarded the Gene & Cell Therapy Excellence Award.
In Asia Pacific Novotech has more than 50 Leading Site Partnership agreements with major medical research institutions delivering exclusive benefits for sponsors.
Media contact
Toyna Chin
Novotech(Novotech-CRO.com) 소개
1997년에 설립된 노보텍(Novotech)은 글로벌 full-Service CRO이자 임상과학 자문 기업으로, 바이오텍 및 제약회사의 보다 체계적이고 성공적인 시장 진입을 지원합니다. 아시아 태평양, 북미, 유럽 전역에 걸쳐 30개 이상의 지사와 5,000개 이상의 임상시험기관과 파트너십을 구축한 노보텍은, 다양한 환자 집단과 주요 입상시험 대상에 대한 최적의 접근성을 제공하고 있습니다.
노보텍은 치료 및 규제 전문성, 고객 중심 서비스 모델, 현지 시장 인사이트, 첨단 분석 기술을 바탕으로, 환자 모집을 가속화하고, 임상시험 효율성을 극대화하며, 혁신적인 치료제를 보다 신속하게 시장에 도입하는 데 기여하고 있습니다. 이러한 노보텍의 역량은 업계에서도 높은 평가를 받고 있으며, Frost & Sullivan의 ‘Global Biotech CRO Award’를 19년 연속 수상하는 등 글로벌 CRO로서의 입지를 공고히 하고 있습니다.
더 자세한 정보나 임상시험 관련 상담이 필요하시면, 노보텍 공식 웹사이트를 (www.Novotech-CRO.com) 방문해 주시기 바랍니다.