LabCorp (Covance) Makes Smart Move Acquiring Home Health Care Group to Bolster Decentralized, Patient-Centric Trials

LabCorp (Covance) Makes Smart Move Acquiring Home Health Care Group to Bolster Decentralized, Patient-Centric Trials

Prior to the COVID-19 pandemic, a confluence of forces, from technological advancement to the need to transform antiquated clinical trials models led to increasing calls for “patient-centricity” and “decentralized clinical trials.” But industry sponsors are heavily regulated and have built up complex, silo-intensive divisions of labor that make change often slow and frustrating. But COVID-19 changed much of that. As TrialSite recently reported, the move to virtual or decentralized trials requires more than “just flipping a switch.” From issues involving sustainable trial design and protocol strategy to local and national law considerations to detailed logistics involving specific therapeutic area delivery, those firms that don’t critically vet, challenge, and work to transform their own paradigms will most certainly lose out. With the acquisition of GlobalCare, LabCorp’s Covance, a major clinical research organization (CRO), executes on a strategy to enable decentralized clinical trials (DCT). The CRO probably understands that it can’t necessarily transform without new fresh ideas, culture and professionals, with new perspective and experience, dedicated to new models of home heal...

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