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[Music] contract research organizations also known as cros are companies that provide a wide range of research and development services on contract basis to clients in the pharmaceutical biotechnology and medical device industries these companies range from large end to end service providers offering a broad range of services to small niche players that offer specialized services a cro may provide services anywhere within the research and development value chain for example a biopharmaceutical cro may provide one or more services from target discovery pre-clinical research clinical trial management regulatory support to product commercialization based on what part of the research and development process they support cros are broadly classified into preclinical and clinical cros those that focus on offering services in the early stage of drug research and development before human trials are called pre-clinical cros while those that focus on offering services in the later part of the r d