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 QualityThe 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.