275 Grove St., Suite 101C, Newton, MA 02466
+1 617 454 9300
2520 Meridian Parkway, Research Triangle Park, Suite 200, Durham, NC 27713
+1 919 544 3170
© 2000-2022. Parexel International Corporation.
275 Grove St., Suite 101C, Newton, MA 02466
+1 617 454 9300
2520 Meridian Parkway, Research Triangle Park, Suite 200, Durham, NC 27713
+1 919 544 3170
© 2000-2022. Parexel International Corporation.
The right team on the ground today. Because they need a new therapy yesterday.
High-performance FSP. For high-performance biopharma.
Our world-class network of clinical FSP experts is ready to scale your trial resources, accelerate timelines, and maximize efficiency throughout development.
Whether you need a handful of experts or an entire department, they can start optimizing trial performance the moment they're contracted. Because patients need a new therapy yesterday.
It's why we've earned a Top 3 FSP client satisfaction rating and why we're prepared to start driving higher performance and efficiency for you, too.
We provide you with a dedicated client partner, a single point of contact, who will help you to access everything Parexel has to offer. Our suite of FSP services includes:
Our Parexel FSP Culture Mapping™ process enables us to match the right people to you with the right mix of expertise, passion, and accountability who embed themselves and engage as an extension of your team.
This means fewer disruptions to your development timelines, so you can get treatments to those who need them faster than ever before. That's why we have our FSP staff retention rates are some of the highest in the industry with 88+% and client satisfaction rates of 4.75 out of 5 (for the last five years).
Whether you are looking to scale up in locations you are already working in or access expertise in lower-cost regions, we have the global infrastructure and local knowledge to meet your needs.
We partner with you to provide the right functional outsourcing model, task ownership, level of oversight, workforce scale, duration, tools, systems, and process to deliver an FSP solution with experts that function as part of your team.
Parexel FSP:
When unforeseen circumstances, such as a global pandemic, require you to quickly pivot, Parexel FSP can provide continuity to your clinical development programs, as well as lifecycle support.
Our latest blog by Chris Baker, Global Head, Parexel FSP discusses the growth of the FSP model over the last several years and how companies are bringing FSP into the future with forward-thinking strategies to accelerate timelines and maximize efficiency — even in today's complex landscape.
The demands on statistical programming staff have drastically changed over the last 10 years and there aren't enough highly experienced staff available to deliver on biopharma’s needs. Watch a discussion about how to up-skill junior staff and novel ways to use resources more efficiently.
Hear from Parexel FSP experts about how they work to deliver high-performance that makes an impact on #DayOne, so biopharma can expedite treatments to patients.
00:05 [Chris Baker]: When you work with Parexel and you work with Parexel FSP, a real difference is both in the processes. We know from day one, how to hit the ground running, how to be easy to do business with.
00:16 [Harshad Sodha]: Clients come to us because they're under time pressures more often than not, particularly for these backend services that we provide to them, the full bio stats and statistical programming. And so, time is of the essence for those clients.
00:30 [Burt Wichek]: Day one for us really means everything is ready to go. We've identified an individual, we know that they're ready to go. Our client has identified a good match and a good fit. And day one means they are ready to work.
00:42 [Claudia Cravioto]: Whether it's a CRA, whether it's a data manager, whether it's a line manager, we put the best of ourselves in, again, bringing our expertise, bringing our style, our focus also to those particular needs that they have and making sure that we have a joint solution.
01:03 [Chris Baker]: We need to make sure that those medicines get to the patient as quickly as possible. So, months matter, minutes matter, moments matter, and so, we feel that urgency every day in order to help our clients deliver the drugs that are life-saving to the patients out there.
In clinical development, functional service provider (FSP) outsourcing is an outsourcing model that gives biopharmaceutical companies the flexibility to contract out full or partial aspects of a specific function or functions to a contract research organization. A range of FSP models help biopharmaceutical companies manage the ebbs and flows of portfolio workflow staffing, with customized levels of oversight, administration and governance. An FSP can range from one or two employees to teams of 50 or 100+. FSP collaborations may involve the use of either the biopharmaceutical company’s or the research organization’s systems and processes. In some cases, it may involve a mix of both.
The most outsourced services in a functional service provider (FSP) model are clinical operations, site management, and data management. However, FSP outsourcing can include, but is not limited to:
There are a variety of benefits to the FSP outsourcing model. They can include:
Parexel’s FSP model options include:
Staff augmentation – Skilled staff who perform well-defined tasks for a functional area (such as clinical monitoring or study management roles), using the sponsor's systems and processes
Managed staff – Skilled staff and line management are provided by Parexel and work within the sponsor’s system and processes
FSP flex – Skilled staff and line management who perform a specific volume of work, with unit-based pricing. Use of Parexel or sponsor systems and processes
Hybrid - A combination of FSP and full-service delivery models with flexible management, using either Parexel’s or a sponsor’s systems and processes
One of the benefits of an FSP is that it can accommodate your specific needs, whether that’s one or two staff or a team 100+. Additionally, it’s a scalable model which allows you to quickly ramp-up or down depending on your needs.
FSP 2.0: Why Talent Development is the New Talent Acquisition
Watch now
Putting AI to Work in Your Safety Program
View now
FSP Case Study: Urgent medical writing need to assist with dual FDA submissions
View now
EMWA Regulatory Matters Vol 29 Issue 1 March 2020 - J Wolfe and S Takidar
View now
FSP future view: the functional service provider model in 2025
View now
Browse the Parexel Resource Center for our latest content on clinical trial supplies, logistics, innovation, drug safety, cell & gene therapy, and more!
FSP 2.0: Why Talent Development is the New Talent Acquisition
Watch Now
Putting AI to Work in Your Safety Program
View Now
FSP Case Study: Urgent medical writing need to assist with dual FDA submissions
View Now
EMWA Regulatory Matters Vol 29 Issue 1 March 2020 - J Wolfe and S Takidar
View Now
FSP future view: the functional service provider model in 2025
View Now
Elevate Your Medical Writing Team To Success
View Now
Landing in the EU – The importance of choosing the right experts for EU/EEA QPPV
View Now
The Rise of FSP Outsourcing
View Now
Parexel FSP Culture Map
View Now
The Evolution of FSP Article
View Now
FSP Infographic
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Is your FSP vision 2020?
View Now
Parexel FSP: Highly skilled people, where and when you need them
Watch Now
The Workforce of the Future: Spotlight on Statistical Programmers
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Parexel FSP: delivering high-performance, day one
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Identifying the right FSP candidates on day one
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Parexel FSP: Making a difference from day one
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Partnering with clients day one to find better solutions
Watch Now
The FSP Workforce of the Future: Spotlight on CRAs
Watch Now
Podcast: Making the Most of Functional Service Provider (FSP) Relationships
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We are always available for a conversation.