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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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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