COVID-19 has a big impact on the current business volume of CROs. And so questions arise how long CROs can suffer this downturn in business volume without getting financially in troubled water.CLICK HERE to get your free COVID19 Financial Health Check advice
Here are the facts:
- Worldwide stopped trails this year until May: 1.118
- This is 16% of all trials started per year.
- The average operating margin of CROs is between 9-14% of the revenue.
Any sponsor shall be concerned about this the financial impact of COVID-19 on their vendors.
As a measure of risk management, we provide a financial health check of your CRO.
This is to make sure, that the CRO is still financial stable with a good outlook over the next years.CLICK HERE to get your free COVID19 Financial Health Check advice
COVID-19: Make sure that your CRO is still financially stable
Financial Health Check of CROs
Free first advice upon request