A CRO perspective on what would attract more Clinical Trials to the Nordic Region Jan Hellqvist Regional Managing Director Northern Europe, TFS Chairman of the board, Red Glead Discovery TFS General Overview Founded in 1996 in Sweden, TFS has built one of the largest, independent global clinical CROs with focus on serving the biopharmaceutical sector § Headquartered in Sweden with global operations and offices in 21 countries § Regional US Headquarters in Princeton, NJ § ~700 employees § Operations inspected by U.S. FDA, EMA (Europe), MHRA (U.K.) and MPA (Sweden) § Revenue of $85 (€75) million in 2015 § Experience, track record and reputation has engendered strong references among the leading life science sponsors and SMEs TFS Revenue Distribution 2016 Business Area Client Segment 4% TFS Develop 30 % 6% 9% Biotech TFS People 70 % Big Pharma 43% 14% Pharma SME Medical Device 24% Government/Academia Other (Generics, CRO, Functional Food, Diagnostics TFS in the Nordic area Market Leader in the Nordic area § ~210 Employees § From first in man to post launch § All Development services in house § Approx 140 customers and increasing § Currently working with: § Big Pharma § SMEs § Biotechnology § Medical Device § Functional Food § Aestetics § Oslo Espoo Gothenburg Stockholm Lund (HQ) Copenhagen www.tfscro.com ©2011 What´s the problem? 0.4% 6.8% What is important to a CRO? 1. Quality Assurance 2. Predictability 3. Timelines 4. Key Competence 5. Cost What hurdles do we see? 1. Time & willingness to take part in clinical research 2. Predictability in recruiting patients 3. Infrastructure could be improved 4. Cost is an issue (especially in Finland and Norway) 5. Time to start can be shortened 6. Some cherry picking 7. Better coordination and cooperation over the boarders 8. Unique competence should be more developed and utilized better in research centres Now is the time to act Long approval times, receding market Not cheap any more, patients are treated better than before Issues with study related deaths, credibility, time Market Trends Where should we focus? Observational Research Time of trial and start up times Ready to start within 30 days in Canada • Well organized regional stuctures with SMOs/Research hubs • Maximum 30 days Regulatory, and ethical approval in parallell. • Site contract negotiations in parellell. • Tax deductions for Canada based Companies performing early clinical research i Canada. Predictability Poland • Poland went from a huge issue to a significant strength. They can now see the number of trials increasing rapidly. • Site contracts negotiations has decreased from approx. 4-5 months to two weeks and recruitments has become really predictable by assigning private SMOs attached to University Hospitals. • Government led campaigns to increase the willingness of patients to take part in clinical trials fuel the recruitment capacity.. Learn from Denmark • Significant infrastructure improvements • A culture of collaboration over regions and between hospitals. • No need for ethical or regulatory approval in observational research • A willingness to bring in support when needed • A long term collaborative business sense • A committment to early clinical research. (NEXT) A Nordic approach for Clinical reserach 1. Act as one strong area 2. Shorten timelines 3. Learn from US on need for Regulatory approvals. Do we really need new Regulatory approvals for all trials? 4. One ethical application for the whole region. 5. Learn from Canada on Speed 6. Learn from Poland and Denmark on Infrastructure and change management 7. With SMOs coordinating and facilitating research in the regions the infrastructure will be better. 8. Focus on early and late phase clinical research 9. Develop unique competence even further. What hurdles do we see? 1. Time & willingness to take part in clinical research 2. Predictability in recruiting patients 3. Infrastructure could be improved 4. Cost is an issue (especially in Finland and Norway) 5. Time to start can be shortened 6. Handling of site contracts 7. Cherry picking 8. Better coordination and cooperation over the boarders 9. Unique competence should be more developed www.tfscro.com