Functional Service Provider (FSP)
As the CRO (Contract Research Organization) industry continues to consolidate at a record speed, and as the demands for clinical research services are increasing, how pharmaceutical, biotechnology, and medical device companies seek external development expertise and labor support for their potential compounds has become a frequent discussion topic.
Between project-based outsourcing and functional service provider (FSP) outsourcing models, the trial sponsors may evaluate which model may be the right fit for your needs.
We know that clinical research needs people with the right mix of expertise and passion. The FSP outsourcing model enables trial sponsors to efficiently and cost effectively manage workforce needs across clinical programs or projects.
The FSP model offers multiple benefits including: