Articles Published in 2008

OCT Opens New Office in Belarus

Monday, August 4, 2008 06:26 AM

St. Petersburg, Russia-based Eastern European contract research organization (CRO) Outsourcing Clinical Trials (OCT) is strengthening its position in the region with the opening of its new office in Minsk, Belarus.

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APPI Joins Clinical Trials Transformation Initiative

Monday, August 4, 2008 05:59 AM

The Academy of Pharmaceutical Physicians and Investigators (APPI), a nonprofit group of nearly 1,200 physician members involved in the clinical research enterprise, has joined the Clinical Trials Transformation Initiative (CTTI).

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Averion Ramps up in Eastern Europe with Ukraine Office

Monday, August 4, 2008 05:21 AM

Adding yet another key Eastern European country to its footprint in the region, Southborough,Mass.-based contract research organization (CRO) Averion has opened an office in Kiev, Ukraine—the country’s capital and largest city. The office is being led by Evgeny Levenko, M.D., PhD, Averion’s affiliate manager for Ukraine.

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PharmaNet Turns It Around Again

Friday, August 1, 2008 09:40 AM

A few days before PharmaNet Development Group’s surprise positive second quarter earnings report on July 30, we were wondering if the contract research organization (CRO) could pull off another comeback—one much smaller than its turnaround of the former SFBC.

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PharmaNet Comes Back Again, Shares up 30%

Thursday, July 31, 2008 10:58 AM

PharmaNet Development Group is making its latest comeback—in a big way. The contract research organization (CRO) blew away analysts’ expectations when it reported second quarter earnings after the closing bell Wednesday. Its shares were up more than 30% to $23.62 in late morning trading Thursday.

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Covance Reports 23% Earnings Growth in 2Q

Thursday, July 31, 2008 09:59 AM

Covance reported after the bell Wednesday that its second quarter earnings jumped 22.7% to 79 cents per diluted share compared with the second quarter of 2007. The contract research organization said the earnings excluded one cent per share gain from the sale of its centralized ECG business in 2007.

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eResearchTechnology Names CFO

Thursday, July 31, 2008 08:07 AM

eResearchTechnology (eRT), a provider of centralized ECG and eClinical technology, ePRO and other services to the biotech, pharmaceutical and medical device industries, appointed Keith Schneck as executive vice president and chief financial officer.

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Phase Forward Revenue Jumps 30%

Wednesday, July 30, 2008 09:07 AM

Waltham, Mass.-based Phase Forward, a provider of data management solutions for clinical trials and drug safety, reported after the bell Monday a 30% jump in second quarter revenues to $40.9 million from $31.5 million in the second quarter of 2007.

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Homecare Management Network CRN Goes to Europe

Wednesday, July 30, 2008 09:03 AM

Illinois-based homecare management network company Clinical Resource Network (CRN) is expanding internationally into 16 European countries and Israel. The company’s services have just begun to be available in some of the countries but will be available in all by the end of this year.

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Datatrak Looks for Strategic Alternatives

Wednesday, July 30, 2008 07:42 AM

Cleveland-based Datatrak International, a struggling electronic data capture (EDC) vendor, has retained Healthcare Growth Partners (HGP) as a strategic and financial advisor to assist its Board of Directors in evaluating a variety of potential opportunities directed at maximizing shareholder value.

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December 15

Cancer Treatment Centers of America chooses WCG as its exclusive IRB, sheds five local hospital IRBs

Five southern research groups form public-private network to help save time, money for clients with early-stage biologics

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Growing adoption of feasibility review committees
Early reports cite fewer amendments, improved cycle time

AMCs vying to better compete for industry trials
Working to conquer study start-up delays, IRB review process

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Private equity driving dynamic CRO growth
Enables CROs to pursue long-term strategies, while giving the space credibility

Baby boomers poised to reshape clinical trials industry
Millions of tech-savvy consumers already track their health, expect new treatments as they age

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