A European full-service CRO
Project management | Regulatory affairs | Monitoring| Data management | Biostatistics | Pharmacovigilance | Medical writing
The Smerud Medical Research Group (SMERUD) is a leading, commercial clinical Contract Research Organisation (CRO) providing full-service clinical trial services to biotech, pharma, medtech and academic sponsors. We primarily operate in Northern Europe with headquarters in Norway and subsidiary offices in Denmark, Finland, Sweden, United Kingdom, Germany, Austria and Poland. Thus, our clients will benefit from our local presence and point of contact, and also full access to our firm’s overall expertise and experience.
The company is 100% one-family owned, and this guarantees ownership involvement, orientated towards long-term perspectives and leveraging of the client-provider relationship, including a personalized approach. We are passionate about clinical trials, and consider the development of a study protocol or a study report as nothing less complex and beautiful than art, aiming for perfection in the final document. We are very proud of our highly competent and well educated staff, most of whom could claim seniority in the business of drug development. We look at professional pride as a key value and our promise to clients and employees is that we will always adhere to premium business ethics, and aim to deliver first class quality in all our services. Being innovators and entrepreneurs in several areas, we remain committed to our corporate vision: ‘Semper excelsior’.
The company was founded back in May 1993, so we have 28+ years of profitable operations, covering all significant therapeutic areas. However, being a relatively small company with some 40 headcounts, we primarily focus on our niche expertise areas:
- Clinical trials in the Nordic countries
- Planning, conduct, analysis and reporting of clinical trials in phase I and II
- Management of full clinical development of orphan drugs, including regulatory strategy and consultations
- Securing public R&D grants for early-stage clinical trials
Our experience and size, makes us and ideal provider to biotech companies sponsoring early clinical stage trials, fulfilling one of our slogans ‘Big enough to manage, small enough to care’.
PRODUCT DEVELOPMENT & FINANCING
Profit generated from this fee-for-service CRO business unit is to a large extent re-invested into our own drug development programmes. We have developed an innovative business model in which we may partner with selected biotech companies, wherein SMERUD invests in-kind a significant part of the clinical trial costs, allowing our biotech partner to spend their cash more efficiently. Such co-development contracts typically secures some 50% of the investment needed for a clinical trial, generating a favourable investment case when seeking additional funds from venture capital. SMERUD has – together with its associated venture firm Scandinavian Biotech Venture AS – become one of the largest private biotech investors in the Nordic countries with an accumulated investment close to 10 m€ by mid-2021.
As part of this co-financing and co-development strategy, SMERUD has achieved an unrivalled position in Europe as the consultancy, which not only successfully writes grant applications for clinical trials, but is also committed to being an active partner (beneficiary) within the consortia, with a dedication and responsibility in delivering the project as per agreed plans.