Interview about the company's beginnings, development and plans with the General Manager of CPS Cortex – Dr István Szemerédi
|Dr István Szemerédi|
1. Where does the name of your company come from? Does the name “CPS Cortex” have anything to do with "the cortex" we know from the dictionary?
The name “Cortex” was invented by the CEO of the company, who is a neurologist. She wanted to find a name which would be related to medicine and neurology. Cortex is the grey matter of the brain (in Latin), so the name shows that we do use our grey matter when managing clinical studies.
2. Your company provides clinical trial services. What was your motivation to start?
The founder of the company worked for the pharmaceutical industry and for a multinational CRO as a CRA for years. Given her experience, she imagined having her own company and established it in 2005. She planned to run a small company with 1-2 CRAs. However, clients showed a much higher interest in our services than expected, and CPS Cortex had to grow its services and personnel.
3. What is your competitive advantage over other CROs located in the CEE region?
Cortex has been present in Hungary for 8 years, and has managed more than 60 clinical studies since then. Over the years, and through the studies we have been involved in, we established extensive and outstanding relationships with Hungarian opinion leaders and investigators. We have also acquired in-depth knowledge of local circumstances, which is necessary if you want to conduct successful trials.
4. How have you fitted into the market trend which started in 2011, and what was the response of the pharma sector?
A slight decrease was observed in the number of studies, and we turned towards smaller and local sponsors. So far, this seems to be successful.
5. Is there a market for your services within the CEE as well as outside the region?
Yes, definitely, however we operate only in the CEE and mainly in Hungary. In the CEE region, clinical research is of exceptional quality. We have highly qualified and reliable professionals, and the region has a long history of clinical development, making it easier to find and train skilled investigators. Enrolment is fast and compliance is high, so considerable savings can be achieved. The number of well-organized site management organizations and experienced local and regional CROs is increasing.
6. What are your plans for the New Year? How are you going to expand your services?
Approaching new clients of course, and maintaining the existing ones. The plan for this year is to increase the number of projects by 10%.
7. You are going to participate in the BioForum for the second time. How do you find this event? Was it successful for you?
Last year, the Forum in Brno was very successful. We managed to meet new companies, colleagues and friends. I expect it to be the same this year; and therefore, I decided to participate again, of course.
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