#biotech--Science Exchange, the leading SaaS provider of supplier orchestration solutions for the life sciences industry, today announced the launch of its Clinical Development Solution. Designed to a...
Addressing the complexity of FSP and FSO outsourcing models, this new solution, powered by Science Exchange's supplier orchestration platform, modernizes clinical supplier collaboration and budget management.
PALO ALTO, Calif.: #biotech--Science Exchange, the leading SaaS provider of supplier orchestration solutions for the life sciences industry, today announced the launch of its Clinical Development Solution. Designed to address the unique challenges faced by clinical operations and procurement teams managing outsourced clinical studies, the platform provides pharmaceutical sponsors with the tools to efficiently orchestrate the entire contracting and collaboration process across suppliers—whether in functional service provider (FSP) or full-service outsourcing (FSO) models.
The Business Process Challenge in Clinical Development
Clinical trials, especially large-scale studies such as oncology trials, involve increasingly complex outsourcing arrangements. The shift from full-service outsourcing (FSO) to functional service provider (FSP) models has created new operational burdens for clinical operations teams. In an FSP model, sponsors directly manage a diverse set of specialized suppliers responsible for various trial components, requiring greater coordination and oversight. Key business process challenges include:
These challenges are common across the full lifecycle of clinical trials and highlight the critical need for a digital supplier orchestration platform purpose-built for clinical development operations.
Modernizing Clinical Operations with Supplier Orchestration Software
The Science Exchange Clinical Development Solution addresses these pain points head-on, empowering sponsors with a centralized platform to manage the complexities of FSP and FSO models. Key features include:
"In an era where R&D budget complexity threatens strategic decision-making, Science Exchange’s clinical development solution acts like a digital Rosetta Stone. By converting fragmented PDF and Excel data into structured, actionable intelligence, they’re not just digitizing budgets—they’re transforming how life sciences organizations unlock hidden financial insights. Imagine having instant, granular visibility into every budget line item, enabling precision cost optimization that was previously impossible," said Wynn Bailey, a former partner at PwC, Life Sciences Operations practice.
The Science Exchange Clinical Development Solution is a transformative step forward for the industry, addressing the operational burdens of increasingly complex outsourcing models. By enabling sponsors to bring their supplier engagements, budgets, and collaboration processes onto a single technology platform, Science Exchange is paving the way for faster, more efficient clinical trials.
“The shift to FSP outsourcing models has introduced unprecedented challenges for clinical operations teams, particularly in managing a growing network of specialized suppliers,” said Elizabeth Iorns, CEO and Co-Founder at Science Exchange. “Our orchestration platform is purpose-built to address these challenges, providing sponsors with the technology to digitize, automate, and streamline their workflows across all components of clinical development. Whether it’s a central labs study or a complex Phase 3 oncology trial, the solution is designed to deliver efficiency, transparency, and process compliance.”
Explore our new solution
About Science Exchange
Science Exchange is the first procurement and supplier orchestration cloud software platform for life sciences companies. The platform digitizes and streamlines complex procurement workflows spanning the entire purchasing lifecycle, from vendor and product discovery through purchasing and payment. Many of the world's top pharma and biotech organizations rely on Science Exchange to help accelerate their research, automate manual processes, and advance their programs faster. For additional information on Science Exchange, please visit www.scienceexchange.com.
Fonte: Business Wire
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