www.prweb.com/releases/2008/7/prweb1162034.htm -
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Published on: 8/5/2008
Last Visited: 8/5/2008
However, after several weeks of cost analysis and market research, John Ely, Executive Vice President for Regulatory Affairs at On-X Technologies decided to take a different path - due to the significant cost - and manage the study internally with On-X employees and clinical research software.
"We had to find the right software partner to work with us," John Ely said."We wanted a web-based solution without all the upfront and long-term costs usually associated with packaged software.As a small medical device company, we needed a partner who understood our business cycle and company stage."
After researching five vendors, On-X chose Clinipace's TEMPO clinical research software platform.
"Not only was it [TEMPO affordable, they were willing to offer flexibility no one else could match," John said."Trials are expensive, and they understood our needs."Perhaps most compelling for On-X, Clinipace also offers flexible implementation options.
As part of the evaluation process, On-X determined that with TEMPO software, they could provide project management themselves - with a team of three internal people - at a total cost savings of 50 to 60 percent--over $2 million--compared to outsourcing alternatives.
"Our original assumptions on cost savings are evident and real as we continue conducting this groundbreaking study," Ely said."As a result, we've re-invested the savings into further product innovation initiatives," continues Ely.
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We are thrilled that John and his team at On-X are realizing significant savings, and we are taking this same message to the rest of the market, continues Porter.