Klinikos Consulting is a niche CRO that drafts and negotiates clinical contracts and other related agreements for pharmaceutical, biopharmaceutical, and biotechnology companies, contract research organizations, and clinical vendors.
In surveys conducted by CenterWatch, investigational sites indicated that contract negotiations were considered to be among the top delaying factors when performing a clinical trial, both in Europe and the United States. Costs for delay of a clinical drug trial are estimated to be on average $1.3 million per day.