Novotech signs Central Lab Services Agreement with Sonic Clinical Trials
Announcing the new partnership, Novotech CEO Dr. John Moller said, "Novotech has always focused on offering flexible and cost effective clinical trial solutions. Through our partnership with Sonic Clinical Trials, our clients will experience a seamless integration of laboratory services and clinical trial data management by Novotech. From the start to finish, our clients are supported by a team of dedicated project managers.
"Another key benefit to our clients is the fact that Sonic Clinical Trials is pre-audited and an approved Novotech vendor. This removes our clients' need to undertake their own central lab vendor assurance - providing a further savings in cost and clinical trial time."
Sonic Clinical Trials is a registered Research Service Provider (RSP) with AusIndustry, a division of the Australian Government's Department of Industry, Innovation and Science.
"Sonic Clinical Trials' RSP status assists our eligible international clients when accessing the Australian R&D Tax Incentive Scheme. Research from a recent Frost and Sullivan white paper revealed that eligible companies can conduct early stage clinical trials 60% more cheaply in Australia than the USA," explained Dr. Moller.
"Novotech's size and Asia Pacific focus allows our clients to enjoy a direct, hands-on approach to accessing some of the largest patient pools in the world, but we balance this with providing global gold-standard central laboratory services and data management platforms."
About Australian R&D Tax Incentive Scheme
Through the Australian R&D Tax Incentive Scheme, eligible companies may claim a 43.5% R&D tax refund on eligible R&D expenditure. For more information about this scheme, see the joint Novotech / Frost & Sullivan white paper, "Australia: The preferred destination for early phase clinical trials", Mar. 31, 2017. http://novotech-cro.com/news-events.
About Sonic Clinical Trials
Sonic Clinical Trials is a wholly owned subsidiary of Australian-owned Sonic Healthcare, one of the world's largest specialist medical diagnostics companies, employing more than 33,000 people in Australia, New Zealand, the United Kingdom, Germany, Switzerland, Belgium, Ireland and the USA. Sonic Clinical Trials is a registered Research Service Provider (RSP) with AusIndustry which allows it to assist international clients to register for the Australian R&D Tax Incentive Scheme. To learn more, please visit www.sonicclinicaltrials.com.au.
Headquartered in Sydney, Novotech is internationally recognised as the leading regional full-service contract research organisation (CRO). With a focus on clinical monitoring, Novotech has been instrumental in the success of hundreds of Phase I - IV clinical trials in the Asia Pacific region, while it has worldwide reach through its network of strategic partners.
Novotech provides clinical development services across all clinical trial phases and therapeutic areas including: feasibility assessments; ethics committee and regulatory submissions, data management, statistical analysis, medical monitoring, safety services, central lab services, report write-up to ICH requirements, project and vendor management. For more information, please visit www.novotech-cro.com.
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