Global Study Startup Survey Reveals Majority of Life Science Companies Lack Automated Processes

SAN FRANCISCO, Nov. 12, 2015 /PRNewswire/ -- Preliminary findings from the goBalto, Inc. 2015 Global Study Startup Survey uncovered significant gaps in the industry's ability to efficiently manage document workflows and activities associated with starting clinical trials.

The survey found that industry leaders were continuing to adopt 'best of breed' cloud-based eClinical solutions, such as clinical trial management systems (CTMS), electronic data capture (EDC), and electronic trial master file (eTMF), however, even the latest releases of these applications fell short in addressing one of the most inefficient and costly bottlenecks of clinical trial conduct – study startup (SSU).

The process of initiating clinical trials continues to remain cumbersome, challenging, and often behind schedule, making SSU one of the poorest performing aspects of clinical trials.

"Excel is still the mainstay in managing clinical trials and while a few have tried to use existing eClinical or document management systems for SSU – they have fallen short," said Sujay Jadhav, goBalto's CEO. "Only a purpose-build SSU solution capable of handling complex regulatory/SOP workflows is able to tackle the complexities associated with starting clinical trials, providing true efficiencies via cycle time reductions."

Unfortunately, the use of Microsoft Excel is still omnipresent. Over two thirds of sponsors and CROs use Excel for site selection and evaluation, with the majority of sponsors (93 percent) and CROs (80 percent) using Excel for site feasibility. Moving further into the clinical study life cycle, activation, over 80 percent of sponsors and CROs still use Excel for tracking of SSU processes.

Ironically, three of the top sponsor/CRO pain points were directly related to the limitations of using Excel for SSU, namely; lack of operational oversight with no availability of real-time reporting on clinical trial status (or CRO performance), lack of project management standards, particularly activities impacting milestones along the critical path; and lack of integration of systems for site selection, feasibility, activation and document management.

Business intelligence initiatives continue to be top sponsor and CRO priorities, as executives demand greater visibility into trial data – at a much faster pace. Manually prepared data is often too old to reliably represent status, and readily proving you're on track is still an ongoing challenge. Instead of traditional one-dimensional, static reports, sponsors and CROs desire interactive, real-time answers about study startup statuses.

"True business intelligence is the ability to proactively identify and resolve bottlenecks in real-time, instantly view statuses, quantify your team's performance, and discover meaningful patterns in your clinical study startup data," said Jadhav. "Today's industry leaders in clinical trials recognize that good data increasingly translates to a competitive advantage."

About goBalto

goBalto develops next-generation solutions that simplify and accelerate clinical study startup in the pharmaceutical, biotechnology, and medical device industries. Our management team has over 100 years of combined experience in the life sciences industry and enterprise software implementation. Our team has worked for such companies as Amgen, Genentech, Quintiles, Roche, Johnson & Johnson, and Model N. With a proven commitment to customer success, disruption, and study startup optimization, we're changing the way our leading global pharma and CRO customers approach their business processes. Based in San Francisco, California, we have satellite offices in Pennsylvania and Singapore. For more information, visit www.gobalto.com.

Press contact:
Craig Morgan
415.671.4372
[email protected]

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SOURCE goBalto, Inc.

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