Flourish Research Gobbles Up Two More Trial Sites with NMS Capital Cash

TrialSite follows research centers, also known as trial sites, all over the world. In the United States, the most active research cluster worldwide, 30,000 sites conducting research exist—they range from health systems, and hospitals to federally qualified health care centers, physician networks, non-profit institutes, academic medical centers, government research clinics and, importantly, private commercial trial site operations. This latter category—the privately held, for-profit research centers—operates in a competitive milieu as pharmaceutical clients (industry sponsors) and their contract research organizations (CROs) continuously press for greater value. This means trial sites must recruit more patients for studies at a faster pace, not to mention offer deep therapeutic area (centers of excellence) and geographic coverage while supporting ever more sophisticated study protocols. The clinical trials ecosystem, particularly in the age of COVID-19 and beyond, also necessitates profound technological shifts with material implications for trial site organizations. They increasingly must be able to support remote, decentralized clinical trials in addition to responding to heighte...

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