Phase Forward and Quintiles CelebrateElectronic Data Capture Milestone
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Quintiles Launches 400th Electronic Data Capture TrialUsing Phase Forward`s InForm Software WALTHAM, Mass.--(Business Wire)-- Phase Forward (NASDAQ: PFWD), a leading provider of data management solutions for clinical trials and drug safety, today announced that Quintiles Transnational Corp., the world`s largest pharmaceutical services company, has leveraged the InForm electronic data capture (EDC) solution for its 400th EDC trial. Since the two companies started working together in 1999, Quintiles has used the InForm product in the majority of its EDC trials. To date, Quintiles has initiated trials using InForm software on behalf of more than 90 customers across all trial phases, spanning more than 27,000 sites in over 60 countries. "We conduct regular surveys of our users to ensure that we are meeting their expectations for performance and responsiveness," said Paula Stafford Brown, executive vice president, Integrated Clinical Services, Quintiles. "As the world`s leading CRO, Quintiles uses a number of EDC tools. Our surveys indicate that clinical sites using InForm report a highly positive experience with the product." "Our shared success with Quintiles reflects the common strengths of our two like-minded companies," said Bob Weiler, chairman and CEO, Phase Forward. "Both firms are committed to providing leading solutions and the highest levels of customer satisfaction for organizations small and large alike. Together, we are supporting increasingly complex, diverse trials across multiple geographies." About Quintiles Quintiles Transnational Corp. helps bring new medicines to market and peak sales faster by providing innovative, high-quality development, financial and commercialization solutions to the pharmaceutical and biotechnology industries. With more than 22,000 employees and offices in more than 50 countries, Quintiles is focused on providing customer-centric solutions that are the gold standard of the industry. For more information, please visit the company`s Web site at www.quintiles.com. About Phase Forward Phase Forward is a leading provider of integrated data management solutions for clinical trials and drug safety. The company offers proven solutions for electronic data capture (InForm), phase I clinic automation (LabPas), clinical data management (Clintrial), clinical trials signal detection (CTSD), strategic pharmacovigilance (Empirica Signal) and Signal Management, adverse event reporting (Empirica Trace), applied data standards (WebSDM), Web-integrated interactive response technologies (Clarix), and clinical data analysis and reporting automation and compliance (Waban SCE/CDR, Waban SMS and Waban LIMS). In addition, the company provides services in the areas of application implementation, hosting and validation, data integration, business process optimization, safety data management and industry standards. 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 280 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, 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 Elaine Maynard, 781-902-4371 elaine.maynard@phaseforward.com or CHEN PR, Inc. Randy Wambold, 781-672-3119 rwambold@chenpr.com Copyright Business Wire 2009
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