contract research

Contract research is a service where one company or organization hires another specialized entity—like a research organization or laboratory—to perform specific research activities or experiments on their behalf. Instead of conducting the research internally, they outsource it to leverage expertise, resources, or cost efficiencies. This arrangement is governed by a formal agreement specifying the scope, methods, and compensation. Contract research is common in industries such as pharmaceuticals, biotech, and agriculture, enabling companies to access advanced research capabilities without building them in-house. It accelerates innovation while managing risks and expenses associated with research and development.