Huron Consulting Group (NASDAQ: HURN), a leading provider of business
consulting services, today announced the launch of its trialRxtm
service, a Huron
Life Sciences clinical trial data monitoring service that helps
pharmaceutical, biotechnology and medical device companies understand
and mitigate clinical trial disclosure risks.
Huron Life Sciences’ trialRx
service is enabled by a unique, proprietary data analytics and
visualization tool that leverages a database of the 32 million unique
data points available on the National Institutes of Health’s (NIH)
website, clinicaltrials.gov. The trialRx service provides an
accurate, automated way to monitor clinical trial registration and
results reporting compliance, allowing companies to develop focused
strategies to mitigate clinical trial disclosure risks efficiently.
“The trialRx service provides life sciences companies with a
straightforward, efficient way to monitor all publicly available
information posted on clinicaltrials.gov. Based on this
information, they can generate insights to inform and support various
clinical operations and compliance initiatives,” said Paul
J. Silver, managing director and practice leader, Huron
Life Sciences. “We developed the trialRx service to further support
the strategic, clinical and regulatory compliance needs of our clients
in a world where data is everywhere – and where being able to use it is
critical.”
Risk Exposure and Data Quality
The trialRx
service equips companies to understand their overall risk exposure on clinicaltrials.gov
for each of their clinical trials. Huron’s clients have experienced a
reduction in overall noncompliance and realized additional value by
using the service to enhance data quality, create business insights and
identify operations improvement opportunities. Specifically, clients
have used the trialRx service to identify and remediate data quality
issues including errant clinical trial sponsor listings, duplicate
secondary IDs, lack of universal trial numbers and identification of
non-harmonized study conditions and interventions.
“Our trialRx service fills a distinct need in the marketplace by closing
the loop between what is posted by clinical trial sponsors – either
manually or using trial data disclosure solutions – and what regulators
require,” said BJ
D’Avella, director, Huron
Life Sciences. “It provides sponsors an efficient, cost-effective
way to understand their evolving clinical trial portfolios and can be
customized to meet our clients’ unique business and compliance needs.”
Huron’s trialRx service is compatible with existing software solutions
that automate aspects of the posting of trials to clinicaltrials.gov
and can help ensure that those postings are complete, accurate, and
timely.
For more information on Huron’s trialRx service or to request a demo,
visit: https://trialrx.com.
About Huron Life Sciences
Huron
Life Sciences serves pharmaceutical, medical device and
biotechnology companies, healthcare providers, academic medical centers
and the law firms and investment firms that support these organizations
to achieve financial, operational, and strategic objectives. Learn more
at www.huronconsultinggroup.com/lifesciences
or follow us on Twitter: @Huron.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve
performance, transform the enterprise, reduce costs, leverage
technology, process and review large amounts of complex data, address
regulatory changes, recover from distress and stimulate growth. Our
professionals employ their expertise in finance, operations, strategy
and technology to provide our clients with specialized analyses and
customized advice and solutions that are tailored to address each
client's particular challenges and opportunities to deliver sustainable
and measurable results. The Company provides consulting services to a
wide variety of both financially sound and distressed organizations,
including healthcare organizations, leading academic institutions,
Fortune 500 companies, governmental entities and law firms. Huron has
worked with more than 425 health systems, hospitals, and academic
medical centers; more than 400 corporate general counsel; and more than
350 universities and research institutions. Learn more at www.huronconsultinggroup.com.
Copyright Business Wire 2014