Better visibility and improved study execution are top drivers;
organizations moving to next-generation clinical applications
BARCELONA, Spain--(BUSINESS WIRE)--
Over the past year, there has been significant industrywide momentum
toward streamlining clinical systems and processes, according to one of
the largest annual life sciences surveys of clinical operations
professionals from Veeva
Systems (NYSE:VEEV).
The latest findings of the Veeva
2018 Unified Clinical Operations Survey reveal that nearly all
(99%) clinical leaders surveyed cite the need to unify their clinical
environment. Most (87%) report their organizations are taking action
with initiatives planned or underway to unify their clinical operations
for improved trial performance.
Consistent with the industry’s focus to advance operational performance,
many have also made progress modernizing their clinical processes with
the adoption of purpose-built applications in key areas. Most notably,
the number of organizations that have adopted eTMF applications has
quadrupled since 2014, and a majority of respondents (83%) say they
have, or plan to have, programs to improve study start-up processes.
End-to-End Visibility, Faster Trial Execution Among Top Needs
Standalone eClinical applications, including EDC, CTMS, and eTMF, are
now the norm as sponsors and CROs have steadily adopted
function-specific clinical technologies. Application silos are
contributing to the industrywide move to unify the clinical operations
landscape. Sponsors and CROs say integrating multiple applications (74%)
and managing content and data (56%) across them are among the top
challenges with their clinical applications.
Findings indicate that disconnected applications hinder the ability to
get a full view of clinical trial processes and slow execution. Better
visibility and oversight is the primary driver for unifying clinical
applications for 77% of respondents, followed by faster study execution
(67%) and improved study quality (62%). With a unified clinical
environment, organizations can streamline collaboration across study
partners and ensure all parties are working within complete end-to-end
trial processes.
Consistent use of standardized metrics and KPIs to measure trial
performance is one of the greatest areas of opportunity for improving
clinical operations. Data shows that those extensively using
standardized operational metrics and KPIs report fewer challenges across
key trial processes, including study performance metrics and reporting
(44% versus 66%, respectively) and visibility into TMF status (32%
versus 45%, respectively).
Modernization of Trial Processes Underway
The industry is advancing its processes and systems in major clinical
areas such as eTMF and study start-up to impact visibility,
collaboration, and compliance, yet significant opportunities remain to
further improve efficiency in other operational areas, including CTMS.
Adoption of eTMF has grown significantly and is now the second most
commonly used clinical system at 66%. At the same time, the types of
eTMFs used has also changed dramatically. Half of sponsors (50%) now
have a purpose-built eTMF application versus 13% in 2014. This increase
was matched by a sharp decline in the use of general purpose content
management systems and file shares. This signals a shift away from
passive TMF management toward a mature, active TMF operating model where
TMF processes and information are managed in real-time. These active TMF
solutions have a positive impact on inspection-readiness and trial
performance.
Organizations are also looking at upstream process improvements as an
area of significant potential, focusing on study start-up processes and
leveraging study start-up applications as major priorities. Top drivers
for moving to purpose-built study start-up applications include faster
study start-up times (63%), improved site feasibility and site selection
outcomes (48%), and better visibility into site performance (44%).
Respondents also cite the need to improve their CTMS as 84% say it is a
limiting factor in trial operations. Most have CTMS applications that
cannot fully support a range of key functions, including governance and
oversight (89%), resource management (88%), and issue and task
management (86%). They see improving the CTMS as a way to gain greater
visibility (70%), more proactive risk mitigation (65%), and improved
study analytics and reporting (61%).
“The life sciences industry sees a significant opportunity to run far
more efficient and effective trials,” said Jennifer Goldsmith, senior
vice president of Veeva Vault. “As organizations continue down the path
toward a unified operating model, trial processes will be transformed
for greater visibility and improved trial execution across the clinical
lifecycle.”
The Veeva 2018 Unified Clinical Operations Survey examines the
life sciences industry’s progress toward a unified clinical environment
by gathering the experiences and opinions of 331 clinical operations
professionals from around the globe. This research examines the drivers,
barriers, and benefits of a unified clinical operating model and tracks
the industry’s progress in its move to streamline clinical systems and
processes.
Additional Information
For more on Veeva 2018 Unified Clinical Operations Survey, visit: veeva.com/eu/ClinicalSurvey
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About Veeva Systems
Veeva Systems Inc. is a leader in cloud-based software for the global
life sciences industry. Committed to innovation, product excellence, and
customer success, Veeva has more than 625 customers, ranging from the
world's largest pharmaceutical companies to emerging biotechs. Veeva is
headquartered in the San Francisco Bay Area, with offices in Europe,
Asia, and Latin America. For more information, visit www.veeva.com/eu.
Forward-looking Statements
This release contains forward-looking statements, including the market
demand for and acceptance of Veeva’s products and services, the results
from use of Veeva’s products and services, and general business
conditions, particularly in the life sciences industry. Any
forward-looking statements contained in this press release are based
upon Veeva’s historical performance and its current plans, estimates,
and expectations, and are not a representation that such plans,
estimates, or expectations will be achieved. These forward-looking
statements represent Veeva’s expectations as of the date of this press
announcement. Subsequent events may cause these expectations to change,
and Veeva disclaims any obligation to update the forward-looking
statements in the future. These forward-looking statements are subject
to known and unknown risks and uncertainties that may cause actual
results to differ materially. Additional risks and uncertainties that
could affect Veeva’s financial results are included under the captions,
“Risk Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations,” in the company’s filing on Form
10-Q for the period ended April 30, 2018. This is available on the
company’s website at veeva.com
under the Investors section and on the SEC’s website at sec.gov.
Further information on potential risks that could affect actual results
will be included in other filings Veeva makes with the SEC from time to
time.
Research Highlights
Veeva 2018 Unified Clinical Operations Survey
The Veeva
2018 Unified Clinical Operations Survey examines the life
sciences industry’s progress toward a unified clinical environment by
gathering the experiences and opinions of 331 clinical operations
professionals from around the globe. One of the largest annual life
sciences surveys of its kind, this research examines the drivers,
barriers, and benefits of a unified clinical operating model and tracks
the industry’s progress in its move to streamline clinical systems and
processes.
Industrywide Momentum to Unify Clinical Processes
-
Nearly all respondents (99%) report the need to unify their clinical
trial operating environments, and 87% have or plan to have an
initiative underway to unify their clinical operations for improved
trial performance.
-
The top drivers for unification are to improve visibility and
oversight (77%), enable faster study execution (67%), and improve
study quality (62%).
-
An average of four applications are used to manage their clinical
studies, and more than one-third (38%) use at least five applications.
-
Integrating multiple applications (74%) is the top challenge resulting
from application and process silos, followed by reporting across
multiple applications (57%), and managing content and data across
applications (56%).
-
Clinical applications are now the norm, with EDC (90%), eTMF (66%),
RTSM (61%), and CTMS (60%) as the most commonly used applications.
-
Those extensively using standardized operational metrics and KPIs to
measure clinical trial performance, manage risks, and implement
process improvements report fewer challenges across key trial
processes, including study performance metrics and reporting (44%
versus 66%, respectively) and visibility into TMF status (32% versus
45%, respectively).
-
Organizations using metrics are four times more likely to have
programs underway to unify their clinical applications than those not
using metrics (47% versus 12%, respectively).
Increased Industry Adoption of eTMF Applications
-
Half of sponsors now use a purpose-built eTMF application, nearly four
times the number since first measured in 2014 (13%).
-
The increase in use of purpose-built eTMF applications is matched by a
57% decrease in the use of general-purpose content management systems.
This signals a shift away from a passive TMF operating model toward
active solutions characterized by the ability to manage TMF processes
and information in real-time as the TMF is being generated.
-
Organizations’ primary drivers for using purpose-built eTMF
applications are improved inspection readiness (70%), better
visibility (61%), and improved collaboration across study partners
(42%).
Opportunity to Improve Clinical Performance
-
Nearly all respondents (99%) cite issues when asked about their most
challenging clinical trial management processes, including study
performance metrics and reporting (51%), study and site management
(49%), and resource management (45%).
-
All respondents say they want to improve use of CTMS in their trial
operations, with the top drivers being greater visibility (70%), more
proactive risk mitigation (65%), and improved study analytics and
reporting (61%).
-
A majority of respondents (84%) report significant deficiencies with
their current CTMS applications, with almost all highlighting the
inability to fully support key functions like governance and oversight
(89%), resource management (88%), and issue and task management (86%).
Streamlining Study Start-up a Top Priority
-
A key finding reveals that streamlining study start-up processes is
gaining traction, with 83% of respondents reporting their
organizations have a study start-up improvement initiative underway.
-
More than half of respondents (53%) report site contract and budgeting
among the most challenging study start-up processes that limit their
organization’s ability to speed clinical trials, followed by IRB and
ethics committee planning and approval (45%), and site identification
and selection (41%).
-
More than half of respondents (63%) cite faster study start-up times
as the primary driver for improving study start-up processes, followed
by streamlining site contract and budgeting approval cycles (49%) and
improving site feasibility and site selection outcomes (48%).
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Source: Veeva Systems Inc.