Canada-based ethica Clinical Research Inc. establishes joint venture with India-based Matrix Group
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ethica Clinical Research Inc., a contract research Organization (CRO), has formed a joint venture with the Hyderabad-based Matrix Group. The new company, ethicamatrix CRO Pvt Ltd, will manage contract research services in India on behalf of North American and European pharmaceutical and biotechnology companies, as well as on behalf of domestic Indian life sciences companies. The initial activities of ethicamatrix will focus on clinical research services including study monitoring, data management, and investigator training.
ethicamatrix will serve Western life sciences companies that seek to benefit from the highly cost-effective Indian research environment, as well as from a hugely enhanced ability to recruit research participants for clinical trials. For example, if a life sciences company were to pursue the development of a therapy for bacterial conjunctivitis, subject enrollment in Canada would present nearly insuperable difficulties given the rare incidence of the disease here compared to the incidence in India. Life sciences companies faced with similar subject recruitment delays can now engage ethicamatrix to manage their research in India with the full knowledge that their clinical trials will be conducted according to the highest international standards.
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