ADELAIDE, AUS, Aug 10, 2021 - (ACN Newswire) - Avance Clinical, the largest premium Australian CRO for international
biotechs, has been awarded the prestigious Frost & Sullivan 2021 Asia-Pacific CRO Customer Value Leadership Award, the second consecutive Asia-Pacific (APAC) CRO Best
Practices Award for the company from Frost & Sullivan.
Avance Clinical is an Australian owned Contract Research Organisation (CRO) that has been providing high-quality
clinical research services fit for global regulatory standards to the local and international drug development industry
for 24 years.
Frost & Sullivan says the Asia-Pacific's CRO market value, currently at $6.01 billion, is estimated to reach nearly $11.04
billion in 2026, growing at a compound annual rate of 12.2%.
"The region is becoming the go-to research and development market, with China, Japan, Australia, and South Korea in the
lead, accounting for 16% of the APAC clinical CRO market in 2020," according to Supriya Lala Kundu, Best Practices
Research Analyst, Frost & Sullivan.
This is the second Frost & Sullivan award for Avance Clinical, which has seen rapid growth in the APAC region over the past year.
Avance Clinical's CEO Yvonne Lungershausen commended her team of more than 150 clinical trial specialists across
Australia and New Zealand.
"We have shown, with our 89% growth and repeat business rate of greater than 70% that our focus on gold standard
technology paired with solution-orientated clinical experts is the mix clients require in this fast moving, competitive
and high-stakes sector. Avance Clinical is immensely proud of this acknowledgment. This award is real recognition of our
successful approach to delivering value to our customers.
Clients talk about the advantage of Australia's financial tax rebate incentive of almost 50% on clinical trial spend -
but I believe the real benefit is in saving time. Our biotech clients can leverage fast start up with the Australian
regulatory process and obtain early clinical data without first acquiring their in-country IND. The net effect for our
clients is they can speed up their clinical program by getting into the clinic up to a year earlier than anywhere else
in the world, and saving significant associated costs."
Avance Clinical specialises in supporting biotech companies with their early phase clinical trials having conducted over
195 early phase (Phase 1 and 2) trials in the past 5 years involving over 10,000 participants across 105 therapeutic
indications.
According to Supriya Lala Kundu, Best Practices Research Analyst, Frost & Sullivan:
"Avance Clinical has grown rapidly over the past year since our last analyst review, including further expansions of
clinical services across Australia and New Zealand. Its impressive repeat business rate of greater than 70% speaks to
its customer value and reputation in the sector and is a key factor in the 2021 award selection.
Avance Clinical's clients are international biotech companies primarily from the United States, United Kingdom, Japan,
China, South Korea, Taiwan, France, and Germany. These clients are seeking a premium CRO with the same experience and
advanced technology platforms offered by the major global CROs, but with an agile and customer focused approach to
clinical management in Australia and New Zealand.
The company offers best-in-class technologies from leaders such as Oracle, Medidata and Medrio, enabling rapid
high-quality data management accepted by all the major regulatory authorities globally, with a highly experienced team
of more than 150 clinical specialists, with deep experience across more than 105 indications.
The company's accreditation as a gene technology CRO under the Office of the Gene Technology Regulator (OGTR) has
allowed it to expand into clinical trials for vaccines and GMO therapies.
Australia's reputation for FDA compliant scientific and research excellence, its advanced healthcare, and the
opportunity to access patients in a less clinical trial competitive environment further reinforces its advantage as a
destination for clinical trials."
Key Frost & Sullivan analyst findings around the Avance Clinical offering include:
- Financial Performance: Strong overall financial performance is achieved in terms of revenues, revenue growth,
operating margin, and other key financial metrics
- Customer Acquisition: Customer-facing processes support efficient and consistent new customer acquisition while
enhancing customer retention
- Operational Efficiency: Company staff performs assigned tasks productively, quickly, and to a high-quality standard
- Growth Potential: Growth is fostered by a strong customer focus that strengthens the brand and reinforces customer
loyalty
- Human Capital: Commitment to quality and to customers characterize the company culture, which in turn enhances
employee morale and retention
- Price/Performance Value: Products or services provide the best value for the price compared to similar market
offerings
- Customer Purchase Experience: Quality of the purchase experience assures customers that they are buying the optimal
solution for addressing their unique needs and constraints
- Customer Ownership Experience: Customers proudly own the company's product or service and have a positive experience
throughout the life of the product or service
- Customer Service Experience: Customer service is accessible, fast, stress-free, and high quality
- Brand Equity: Customers perceive the brand positively and exhibit high brand loyalty
Learn about the Australian Advantage here
For more information about the benefits of running your next study with Avance Clinical contact us:
About Avance Clinical
Avance Clinical is the largest premium full-service Australian CRO delivering quality clinical trials, with globally
accepted data, in Australia and New Zealand for international biotechs for 24 years. The company's clients are biotechs
in their early phases of drug development that need fast, agile, and adaptive solution-oriented clinical research
services.
Frost & Sullivan awards
Avance Clinical is a Frost & Sullivan 2020 Asia-Pacific CRO Market Leadership Award recipient and a 2021 Asia-Pacific CRO Customer Value Leadership
Award recipient.
Pre-clinical through to Phase 1 and 2
Avance Clinical offers pre-clinical services with their experienced ClinicReady team right through to Phase 1 and 2
clinical services leveraging significant Government incentive rebates of up to 43.5% and rapid start-up regulatory
processes.
Avance Clinical delivers customised solutions designed around specific client needs rather than a one size fits all
approach. With experience across more than 105 indications, the CRO can deliver world-class results and high-quality
internationally accepted data for FDA and EMA review.
Technology
As a company, Avance Clinical has focused on state-of-the-art technology and gold standard systems across all functional
areas to provide clients with the most effective processes. Medidata, Oracle, and Medrio are just some of the technology
partners.