Published:
Phase Forward Signs Multi-Year Agreement with Quotient Clinical for Use of InForm Electronic Data Capture Solution
WALTHAM, Mass. - (BUSINESS WIRE) - Phase Forward (NASDAQ: PFWD), a leading provider of data management
solutions for clinical trials and drug safety, today announced a
multi-year agreement with Quotient Clinical, which specializes in early
development services for a broad range of pharmaceutical and biotech
customers.
Quotient Clinical, a strategic business unit of Quotient Bioresearch
("Quotient" ), is implementing Phase Forward's InForm Global Trial
Management (GTM) electronic data capture (EDC) solution to support data
collection, management and analysis for its clinical trials. In
addition, the company will use Phase Forward's Central Designer module
to enhance eCRF design efficiency and improve workflow in the study
development process for EDC trials.
"As an innovative provider of early drug development services, we want
to ensure that our customers can take advantage of the benefits inherent
in using EDC in Phase I trials, including access to high quality data
within hours of collection, streamlined process efficiencies and rapid
qualification of data," said Quotient's David Chalmers, vice president,
Biometrics. "We selected InForm because of Phase Forward's strong
position in the marketplace and the company's experience with Phase I
trials."
By supporting faster accessibility and greater visibility into trial
data, the EDC implementation will help Quotient to expand its
full-service, in-house Biometrics offering, according to the company. In
addition, Quotient plans to offer customers on-line access to trial
data, making it easier for them to track progress to date or to review
summary reports.
"Quotient's team is committed to continual expansion of its technical
infrastructure to provide advanced services that help customers speed
the development process," said Steve Powell, senior vice president,
Phase Forward. "The organization joins the growing number of CROs
adopting our InForm product as part of a broader initiative to automate
and streamline their Clinical Research Units."
About Quotient Clinical
Quotient Clinical is a strategic business unit of Quotient Bioresearch.
It was formed in May 2009 following the acquisitions of two companies,
Charles River Laboratories' Edinburgh clinical research facility in May
2009 (formerly Inveresk Clinical Research) and Pharmaceutical Profiles
in December 2008. Quotient Clinical specialises in early clinical drug
development, and offers a unique streamlined process to reduce the time
from First-in-Human studies through to proof of concept, integrating
flexible drug product manufacture into clinical trials. With an existing
strong customer base in the United States, Europe and Japan, the
principal focus of Quotient Clinical is to provide a unique and
comprehensive range of early development services to a broad range of
pharmaceutical and biotechnology customers.
For further information: www.quotientbioresearch.com
About Phase Forward
Phase Forward is a leading provider of integrated data management
solutions for clinical trials and drug safety. Phase Forward's products
and services have been utilized in over 10,000 clinical trials involving
more than 1,000,000 clinical trial study participants at over 300
organizations and regulatory agencies worldwide including: AstraZeneca,
Boston Scientific, Dana-Farber Cancer Institute, Eli Lilly, the U.S.
Food and Drug Administration, GlaxoSmithKline, Harvard Clinical Research
Institute, Merck Serono, Novartis, Novo Nordisk, PAREXEL International,
Procter & Gamble, Quintiles, sanofi-aventis, Schering-Plough Research
Institute, Servier, SGS, Tibotec and the U.K. Medicines and Healthcare
Products Regulatory Agency. Additional information about Phase Forward
is available at www.phaseforward.com.
Cautionary Statement
Certain statements made in this press release that are not based on
historical information are forward-looking statements which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. This press release contains express or
implied forward-looking statements relating to, among other things, the
performance and features of Phase Forward's products and services,
demand for Phase Forward's products and services, future business and
operations plans of a Phase Forward customer, and the ability of Phase
Forward's customers to realize benefits from the use of Phase Forward's
products and services. These statements are neither promises nor
guarantees, but are subject to a variety of risks and uncertainties,
many of which are beyond Phase Forward's control, which could cause
actual results to differ materially from those contemplated in these
forward-looking statements. In particular, the risks and uncertainties
include, among other things, the ability of Phase Forward's customers to
realize benefits from the use of its products and services, the
possibility that customers' needs or plans may change over time, the
possibility that the level of demand for Phase Forward's products and
services may vary, regulatory changes and competition. Existing and
prospective investors are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
Phase Forward undertakes no obligation to update or revise the
information contained in this press release, whether as a result of new
information, future events or circumstances or otherwise. For additional
disclosure regarding these and other risks faced by Phase Forward, see
the disclosure contained in Phase Forward's public filings with the
Securities and Exchange Commission including, without limitation, its
most recent Annual Report on Form 10-K.
Phase Forward
Maria Sumner, +44 (0) 1628 640743
maria.sumner@phaseforward.com
or
CHEN
PR, Inc.
Randy Wambold, 781-672-3119
rwambold@chenpr.com
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