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CRO stands for "Contract Research Organization." It represents a specialized service provider in the pharmaceutical, biotechnology, and medical device industries that offers outsourced research and development services to support drug discovery, clinical trials, regulatory submissions, and post-marketing activities. CROs provide a wide range of services, including preclinical research, clinical trial management, data management, statistical analysis, regulatory affairs, and pharmacovigilance. These organizations play a crucial role in accelerating the drug development process, reducing costs, and mitigating risks for pharmaceutical companies by leveraging their expertise, infrastructure, and resources to conduct research and trials more efficiently and effectively. CROs also offer flexibility and scalability, allowing sponsors to access specialized expertise, technology platforms, and operational capabilities on demand, without the need for significant upfront investment in infrastructure or personnel. By partnering with CROs, pharmaceutical companies can expedite the development and commercialization of new therapies, improve patient outcomes, and bring innovative treatments to market faster, ultimately benefiting patients and healthcare systems worldwide.