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Japan CRO Business Reports 15 Percent Revenue Increase In 2007

This article was originally published in PharmAsia News

Executive Summary

The Japan Contract Research Organization Association reports that total revenue of its members increased by 15 percent, to ¥95.5 billion, in 2007 due largely to growth in the monitoring business. JCRO President Kazuo Nakamura said that growth for 2008 will be in the double digits, too. Nakamura, chairman of Tokyo-based CMIC Co., also estimates Japan's CRO market will exceed the ¥100 billion mark. As a next step, JCRO will start a monitor certifying system as early as this year. (Click here for more - Japanese language
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