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  4. Innovation Pharmaceuticals Inc (IPIX) Message Board

Well - I read one poster express excitement about

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Post# of 72446
Posted On: 10/20/2013 11:37:43 PM
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Posted By: seel
Re: petemantx #11255
Well - I read one poster express excitement about ctix 'running their own trials' and 'reinventing the business model'. They will sponsor 4 out of 5 of the trials listed. When Leo says they will conduct - he just mean's sponsor, design and monitor. They will still have to pay a research organization like DF to execute the trials. They now need experts in each type of trial, experts in each diagnosis, to streamline trial design and advise thru trial completion. That is part of the work of the Contract Research Organization. The CRO also helps choose sites and networks with the clinical research staff of the sites. They advise on FDA communication and pay close attention to the red tape involved in all hospital research contracts and all FDA applications. Their payroll just got huge, but keeping this in-house will save some bucks.


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