Novotech, the Asia-Pacific CRO, has again won the prestigious Asia-Pacific CRO Biotech of the year awarded by leading analyst firm Frost & Sullivan. This is the fifth year Novotech has been awarded the top CRO for the region which focusses on best practices in clinical research for biotechs.
The announcement was made at the ASCO Annual Meeting (May 31 - June 4, 2019 McCormick Place, Chicago, IL).
The Novotech group has conducted about 250 projects in Oncology studies and recent Asia-Pacific data shows the demand in the region will continue:
- From the 4,700 trials in Oncology initiated in 2018 worldwide, at least one country in Asia Pacific was involved in 46% of these trials (2,180) (source GlobalData)
- For these Oncology studies initiated in 2018, patient recruitment rate (expressed as median patient/site/month) for trials involving the Asia-Pacific was over 20% higher than worldwide median (1.17 p/s/m vs 0.94 p/s/m). (source GlobalData)
Dinesh Sampath Rangaraj, Vice President Healthcare, Frost & Sullivan said:
"Novotech is internationally recognized as a leading regional full-service CRO in Asia- Pacific. The company has achieved colossal success in Phase I through IV clinical trials and established itself as a specialized biotech CRO in the region. In addition, with its international accreditation coupled with local knowledge, partnerships, and expertise, Novotech has reinforced its presence in Asia-Pacific."
Novotech CEO Dr John Moller said he was extremely pleased the company had again been recognized as the leader in the region.
“Novotech is growing rapidly due to its reputation for specialist teams on the ground with local knowledge and expertise, and partnerships with Key Opinion Leaders and Sites.
“Staff numbers in Asia have grown by 20% since December. We now have 600 Novotech people delivering excellence in clinical research management across a full range of services,” he said.
Novotech has been delivering CRO services in the region for more than 23 years and now has offices in 11 countries to accommodate increased demand from USA biotechs for specialist clinical services.
Novotech works in partnership with the leading medical institutions across Asia to accelerate quality clinical research for its clients and has now signed 19 strategic partnerships with hospitals and research institutions in the region.
Novotech acquired Australasian specialist CRO Clinical Network Services (CNS) as part of a mutual mission to expand services to biopharma for early phase product development and clinical research in Australia, through to later Phase regional and global trials.
Novotech’s Asia-Pacific clinical research offers:
- Large patient population
- Few competing trials
- Efficient regulatory system
- Highly qualified and educated medical professionals
- Low operational costs
- Well supported IT infrastructure
- High level of GCP compliance
- Efficient trial management and logistics infrastructure
“Our customers value our regional capabilities and our in-country knowledge and leadership where we can work across and understand local cultures, customs, and regulations, and we have developed deep relationships with the key investigators in the region,” said Dr Moller.