Quest Diagnostics

Articles Published in 2008

PDS Acquisition Boosts Bio-Imaging Earnings

Thursday, August 21, 2008 02:47 PM

Newtown, Pa.-based contract research organization (CRO) Bio-Imaging Technologies released second quarter financial results that show a 61% increase in service revenues compared with the same period a year ago. Revenues hit $15.2 million for its second quarter compared with $9.5 million for the same period last year. This most recent earnings report reflects the operating results of Bio-Imaging’s March 2008 acquisition of Phoenix Data Systems (PDS). Bio-Imaging’s backlog increased 44.6% to $115.8 million, of which $17.2 million is attributable to PDS. Based on Bio-Imaging Technologies success during the first half of the year, president and chief executive officer Mark Weinstein said the company is increasing its 2008 service revenue guidance to $53 million to $56 million, up from $53 million to $55 million.

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Averion Names Executive Vice President of Global Biz Dev

Wednesday, August 20, 2008 09:00 AM

Averion International, an international contract research organization (CRO) specializing in oncology and cardiovascular diseases, appointed Peter Gonze executive vice president of global business development, a role that will focus on increasing Averion’s business efforts in international markets.

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China-based WuXi Reports Successful Second Quarter

Tuesday, August 19, 2008 11:18 AM

A year after going public on the New York Stock Exchange, Chinese contract research, development and manufacturing company WuXi PharmaTech reported second quarter net revenues of $70.8 million—a 134% increase compared with the same period last year.

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Clinilabs Boosts Phase I Capacity, Looks for More Growth

Monday, August 18, 2008 09:00 AM

New York, N.Y.-based Clinilabs, a specialty contract research organization (CRO), has completed expansion of its phase I unit to 68 beds, including two new large observation rooms that can accommodate up to four beds each.

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Encorium Releases Q2 Financials, Optimistic About Q3

Friday, August 15, 2008 02:00 PM

Contract research organization (CRO) Encorium released its Q2 earnings report after the bell Thursday, reflecting an increase in net revenue for Q2 2008 over Q2 2007 but a decrease in net revenue for the six months ended June 30, 2008 compared with the same period in 2007. Net revenues for the first six months of 2008 dropped to $15.7 million from $16.1 million for the same period in 2007. The company also reported a net loss of $3.5 million, or $0.17 per share, for the first six months of 2008 compared with a net loss of $738,000, or $0.04 per share, for the first six months of 2007.

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etrials 2nd Quarter Earnings Reflect Ongoing Financial Woes

Friday, August 15, 2008 06:00 AM

Just a month after etrials lost yet another key executive, the eClinical company released 2nd quarter numbers that illustrate the company’s ongoing struggles.

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Parexel Finalizes ClinPhone Acquisition

Thursday, August 14, 2008 02:56 PM

Contract research organization (CRO) Parexel International has finalized the acquisition of UK-based clinical technology firm ClinPhone. ClinPhone and Perceptive Informatics, Parexel’s existing technology subsidiary, will combine to provide enhanced eClinical services and products, according to a Parexel statement released today.

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Acurian Beefs Up Data Modeling Capabilities for Patient Recruitment

Thursday, August 14, 2008 09:00 AM

Patient recruitment provider Acurian is increasing its data modeling capabilities, a move that chief information officer and vice president of operations Roger Smith says benefits not just Acurian but the entire industry.

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Omnicare Clinical Research Expands Reach in Scandinavia

Wednesday, August 13, 2008 09:00 AM

Omnicare Clinical Research expanded its Scandinavian presence this week with the opening of a new office in Sweden. Based in King of Prussia, Pa., the clinical research organization (CRO) already has offices in Denmark and Finland, as well as 28 other countries worldwide.

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MCRC Buyback Spurs 250% Revenue Growth

Tuesday, August 12, 2008 11:00 AM

Multispecialty clinical research site Metroplex Clinical Research Center (MCRC) reported last week that gross revenues have increased 250% since company executives re-assumed control in March 2007.

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June 29

FDA and PatientsLikeMe collaborate to test social media adverse event reporting

Boston-area teaching hospitals launch web portal to attract life science companies

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The CenterWatch Monthly


TransCelerate Biopharma turns three
High-profile consortium has made inroads fixing wasteful practices, but it still has more work ahead

Pharma industry improves its tarnished reputation
Delivering innovation, social responsibility will help rebuild trust

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Job satisfaction mixed as workload increases
Salaries not keeping pace with rise in work, responsibilities

Gamification moving from early science to patient use
Pharma looking to use games for early diagnosis, recruitment, adherence

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