Pharmaceutical and biotech companies seek more efficient and cost-effective ways to conduct clinical trials in a climate of intensifying competition. In response, Functional Service Provider (FSP) models in Clinical Research have emerged as a preferred alternative to traditional outsourcing as sponsors are looking for innovative solutions to manage their trials. It allows sponsors to focus on their core competencies while leveraging the expertise of external partners.1
An FSP model is a type of outsourcing arrangement in which a sponsor engages a contract research organization (CRO) or other service provider to deliver specific functional services for a clinical trial. These services can range from data management and biostatistics to clinical monitoring and regulatory affairs. The key characteristics of FSP models include:
Maxis Clinical’s Functional Service Provider (FSP) offerings include important functions, like:
There are several types of FSP models, each designed to cater to the specific needs of sponsors and their clinical trials:
Maxis Clinical Sciences offers a range of FSP models that align with these industry-standard approaches. For example, MaxisFlex is a Hybrid FSP model, MaxisAdvance is a Tech-Enabled FSP model, MaxisTotal is a Fully Outsourced FSP model, MaxisAgile is a Talent Augmentation FSP model, and MaxisSync is a Managed Workforce FSP model. By providing these options, Maxis Clinical Sciences ensures that sponsors can select the approach that best suits their specific requirements and enables them to efficiently run their clinical trials.
There has been a move away from full-service outsourcing to more customizable solutions, with companies seeking greater ownership and control over the development of their compounds. This shift has led to the emergence of the FSP model, which can offer substantial cost savings compared to traditional full-service models – for instance, Maxis Clinical provides outsourcing services at up to 30% lower cost. One of the primary benefits of the FSP model is that it enables sponsors to regain strategic control, allowing them to collaborate closely with the vendor and make informed decisions on resource allocation based on the specific needs of the clinical trial. As a result, successful FSP collaborations often involve the vendor becoming a virtual extension of the sponsor company, with regular touchpoints and open communication throughout the partnership, ultimately fostering a more efficient and effective clinical trial process.
To ensure a seamless FSP collaboration, it is important to have a playbook in place that includes steering committee meetings and governance charters. Sponsors should also tailor their request for information (RFI) to the FSP model, focusing on embedded resources and portfolio-level goals rather than unit costs and isolated trials. As the clinical research landscape continues to evolve, it is likely that more sponsors will explore FSP models as a means of driving efficiency, quality, and innovation in their trials.
If you are considering an FSP model for your clinical trial, it is important to carefully evaluate your needs, select the right FSP partner, and establish clear processes for communication, governance, and performance monitoring. With the right approach, an FSP model can help you achieve your clinical trial objectives while positioning your organization for success.