RE: Biostatistics26 Oct 2024 12:25
Strategic rationale for developing Biostatistics service capabilities is three-fold; firstly, the application of
Modelling & Simulation and Biostatistics in drug development overlaps, with often the output of the former
being a key input to the latter, allowing for natural follow-on work to be offered to clients. Secondly,
biostatistics is a necessary component to the setup, conduct and reporting of any interventional clinical trial,
from Phase 1 through to Phase 4, regardless of the therapeutic area. This opens up a significant market for the
Company, giving greater opportunity to scale. Finally, with both service lines utilising the same business model
and similar expertise across mathematics and data science, this allows the Company to operate flexible staffing
across service lines to meet demand and maximise utilisation.