Parexel

Accounting Errors Cost Parexel in Fourth Quarter, Fiscal Year

Tuesday, August 11, 2009 07:13 AM

Parexel’s fourth-quarter revenue and income took a significant hit due to accounting errors related to the August 2008 acquisition of clinical trials technology company Clinphone, according to the contract research organization’s (CRO’s) financial results released last night.

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CROs See Brighter Future Despite Cancellations

Monday, May 4, 2009 08:00 AM

Contract research organizations (CROs) continue to feel the adverse effects of cancellations and negative foreign exchange, but their most recent earnings reports show some promise.

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Parexel Shares Jump 17% After the Bell on Profit Forecast

Monday, April 27, 2009 07:40 PM

Parexel International, a global contract research organization (CRO), reported an 8% increase in service revenue for its third quarter, flat quarterly profits, but raised its profit outlook for 2009. The CRO’s shares jumped 17.7% in after hours trading to $9.51 a share after closing Monday at $8.08.

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Parexel Profits Down in Q2, Revenues Up

Tuesday, January 27, 2009 08:00 AM

Parexel’s second quarter financial results, released late Monday, reflect the ill effects of negative foreign exchange rates and a recently terminated contract.

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ICON Trims Revenue Outlook, Boosts Profits

Monday, January 19, 2009 09:13 AM

While Kendle and Parexel became the latest contract research organizations (CROs) to lower their profit and revenue outlooks last week, one CRO actually increased its earnings expectations.

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Parexel Names New CIO

Friday, January 16, 2009 09:04 AM

Josephine Hoppe has joined contract research organization (CRO) Parexel as corporate vice president and chief information officer (CIO). Hoppe will handle Parexel’s IT initiatives and manage the integration of technology solutions with global business processes. Prior to joining Parexel, Hoppe was the CIO of Pegasystems, a business process management company.

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Parexel Lowers Forecast After Client Reneges

Wednesday, January 14, 2009 08:57 AM

Funding difficulties have caused the sponsor of a large clinical trial to pull out of a contract with Parexel, which will negatively affect the CRO’s second quarter and full-year 2009 financial results.

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Parexel Expands Ethnobridging Capabilities

Tuesday, November 25, 2008 09:00 AM

Contract research organization (CRO) Parexel recently completed one of the first Chinese bridging studies to be conducted outside of China at the CRO’s Los Angeles facility. The study, conducted this spring, is one of a number of ethnobridging studies being pioneered by California Clinical Trials (CCT), which Parexel acquired two years ago.

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Parexel Cuts 2009 Guidance, Shares Fall 40%

Tuesday, October 28, 2008 12:23 PM

Waltham, Mass.-based contract research organization Parexel reduced its 2009 fiscal year guidance, and share prices plunged more than 40% to $8.05 in late morning trading.

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Parexel Completes ClinPhone Acquisition and Cuts Earnings Guidance

Tuesday, September 9, 2008 09:41 AM

Parexel, a global contract research organization (CRO), cut its earnings guidance for its first quarter of fiscal year 2009 and for the full fiscal year, with the successful completion of its acquisition of eClinical trial technology company ClinPhone for about $182 million.

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