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Covance Drug Development Launches Clinical Analytics and Clinical Operations to Expand Its Business

LabCorp, a leading life sciences company, announced that its contract research organization Covance has launched a functional service provider (FSP) offering, FSPx. The offering provides clinical analytics and clinical operations. According to Covance President Bill Hanlon, “Laboratory FSPx helps clients improve data readiness by integrating FSPx and central laboratory data teams from study setup to completion.”

FSPx Clinical Analytics helps deliver customized global data solutions, data transfer, data management, biostatistics, and website interactions. On the other hand, FSPx Clinical Operations provides staff for a broad range of job functions including clinical research associates, project managers, data managers, and clinical trial leads.

Above: The benefits of clinical analytics.

Source: TechFerry

Our Take

As we are passing through the data era, an increasing number of biotechnology and pharmaceutical companies have been leveraging real-time medical data via clinical analytics to decrease medical errors, improve public health, save costs, and increase revenue. Due to the revolution in mobile device technology and data transfer, patients are expecting much faster and better healthcare. This motivates healthcare providers to hold onto IT-based knowledge in order to improve their clinical data and decisions.