It was only after 2013 in India that the clinical research sector gained better transparency in business activities facilitated by guidelines laid down by the government. The clinical research organizations have gotten specified ways of conducting business supported by government regulations and provide drug trial and other related services to different pharmaceutical companies and CROs without facing any hazards in operations. However, there are definitive problems that many clinical research companies face when it comes to being on site physically.
An SMO situated in Noida can definitely execute a drug trial project in Mumbai, but there are various risks involved in that. Accidental queries may escalate into deeper problems for the service provider if they are not handled on site. This is where Parshwa Life Sciences differentiates itself from its competitor SMOs in the market. It believes in physical presence of concerned individuals and handling each and every problem at once.
The company considers three major segments while providing services to any client that are quality, strategy and presence on site. “Without good quality, it is impossible to sustain in this industry. We, as a team have always taken care of that which was supported by well-defined strategies. Gaining projects in this segment depends on previous work experience; a provider needs to have a good portfolio of past quality and strategy”, says Mehul Shah, Director, Parshwa Life Sciences.
Eyes on Excellence
The company gives a lot of importance to site management. It believes that micro management
is required when it comes to conducting trials. Parshwa Life Sciences is currently based in Mumbai and handles 5-6 sites only in the city. The reason why it had not yet decided to spread its business across other cities in the country is the sole reason to handle operations perfectly and in a transparent way. As of now, the company has a team of 40 qualified members who look after complete business operations from top to bottom without leaving any stones unturned. “We provide instant resolution to queries and take care of all client requirements ourselves without having to take information or make it work through someone else. The sites that we have are located in government and private hospitals all across the city and any company that needs clinical research services in Mumbai will surely come to us”, mentions Mehul Shah.
Zainab Shaikh, Head Operations
Parshwa specializes in all kinds of trials that include phase 1, phase 2, phase 3, phase 4 and PMS & proof of concept trials. The company is also interested in initiating a trial that is thought of by a scientist and has been approved by the authorities. It has separate proof of concepts for every study it has conducted until now and comes with an extended experience of 12 years in this matter.
Without good quality, it is impossible to sustain in this industry. We, as a team have always taken care of that which was supported by well-defined strategies
Looking at the Future
As has been mentioned, in the last 12 years, Parshwa Life Sciences has come a long way in the clinical research sector. It has completed several DCGI inspections and four USFDA inspections successfully in its area of operations. It has gained a lot of trust in the market and grown at a rate of 20 percent YOY in the last five years. Talking about the roadmap ahead for the company, Mehul concludes, “Now as we have gained solid ground in Mumbai, we would like to expand our services to other cities of the country as well.”
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