How much does a contract research organization cost?

The CRO overhead costs can range from 10% to 27%. Pharmaceutical companies’ G&A costs often run between 20% and 60%. Once you have your company’s G&A costs, you can apply this to your available labor costs.6 Feb 2017

How much do CRO companies make?

The average additional cash compensation for a CRO (Chief Revenue Officer) in US is $172,348. The average total compensation for a CRO (Chief Revenue Officer) in US is $406,944.

How much do clinical research organizations make?

While ZipRecruiter is seeing annual salaries as high as $239,500 and as low as $25,000, the majority of Clinical Research Organization salaries currently range between $56,000 (25th percentile) to $150,000 (75th percentile) with top earners (90th percentile) making $197,500 annually across the United States.

What does a contract research organization do?

What is a CRO? A contract research organization range of clinical research services to (CRO) provides research services to pharmaceutical, biotechnology, and medical device companies. Services can range from drug discovery to commercialization, pharmacovigilance to post-approval services.

How do contract research organizations make money?

CROs partner with biotech companies, pharma companies, and they handle all facets of the clinical trial process. The great thing for investors is that the CRO makes money on the drug basically no matter what the outcome is. If a drug fails to live up to its expectations, the CRO still gets paid for conducting a trial.25 Jan 2019

How much does a contract research organization make?

While ZipRecruiter is seeing annual salaries as high as $401,000 and as low as $21,500, the majority of Contract Research Organization salaries currently range between $72,500 (25th percentile) to $228,500 (75th percentile) with top earners (90th percentile) making $400,000 annually across the United States.

What is a full service contract research organization?

A contract research organization (CRO) is a life sciences company that provides support to the pharmaceutical, biotechnology, and medical device industries in the form of research services outsourced on a contract basis. CROs range from large, international full-service organizations to small, niche specialty groups.

What is the purpose of a CRO?

The main role of the CRO is to plan, coordinate, execute, and supervise the processes involved in the development of a clinical trial, being a central contact point between the sponsor and other trial actors (e.g. ethics committees, regulatory agencies, vendors, and hospitals).5 May 2018

What is the highest paying job in clinical research?

– Clinical Research Physician. Salary range: $74,500-$201,000 per year.
– Public Health Physician. Salary range: $52,500-$177,000 per year.
– Clinical Research Director.
– Clinical Trial Manager.
– Clinical Scientist.
– Clinical Project Manager.
– Clinical Data Manager.
– Clinical Research Manager.

Do clinical research coordinators make good money?

The salaries of Clinical Research Coordinators in the US range from $11,218 to $300,332 , with a median salary of $58,138 . The middle 57% of Clinical Research Coordinators makes between $58,138 and $138,651, with the top 86% making $300,332.

Is clinical research a lucrative career?

The clinical research industry is a highly lucrative and expanding field. The global clinical trials market has been estimated at $46.8 billion in 2019. As the push for new vaccines and therapeutics climbs, the field value is expected to grow even more.29 Jul 2020

How much do CRA get paid?

Annual Salary Monthly Pay
————— ————- ———–
Top Earners $140,000 $11,666
75th Percentile $115,500 $9,625
Average $93,280 $7,773
25th Percentile $63,000 $5,250

Who are the top CRO?

– Covance.
– IQVIA.
– Syneos Health.
– Parexel.
– PRA Health Sciences.
– PPD.
– Charles River.
– ICON.

Is Icon the biggest CRO?

ICON reported $2.8 billion in 2020 revenue, a 4.8% increase over the prior year. According to an investor presentation, ICON ranks as the sixth largest CRO measured by revenue while PRA is the fifth largest.24 Feb 2021

How many CROs are there in the world?

1,100 CROs