Instem has won a new two-year SEND (standard for the exchange of nonclinical data) outsourced services contract by a top five global nonclinical contract research organisation, worth in excess of £1.7m over an initial two year period.
Instem's expert SEND services team will use its proprietary SaaS-based submit™ technology platform throughout the engagement to create and review all of the CRO's SEND data packages. Instem said the dedicated team allocated to this CRO was expected to grow to around 15 people by the end of the first year of the contract as additional staff were recruited and trained.
It said the team would transition from being predominantly UK/US based to predominantly India based over a 15-month period.
Study volume is scheduled to ramp up through the contract period with revenue of at least £0.7m expected to be generated in 2018.