Articles Published in 2009

Quotient Bioresearch Acquires Edinburgh Facility

Tuesday, May 26, 2009 08:00 AM

U.K.-based Quotient Bioresearch acquired an Edinburgh clinical research facility to supplement the company’s growing clinical research business.

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Encorium Cuts Loss by $1.8M

Friday, May 22, 2009 07:00 AM

Following Encorium Group’s announcement of plans to sell its assets, the Wayne, Pa.-based contract research organization (CRO) released its first quarter financial results earlier this week, reporting a significant decrease in net loss for Q1 2009 compared with the same period last year.

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BioClinica Increases Offer to Buy etrials Worldwide

Thursday, May 21, 2009 08:30 AM

BioClinica, formerly Bio-Imaging Technologies, increased the value of its offer to acquire troubled eClinical vendor etrials Worldwide in response to an unsolicited offer received by etrials from an unrelated third party.

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PPD Appoints New CEO, Eshelman to Serve as Executive Director of Board

Wednesday, May 20, 2009 07:00 AM

Wilmington, N.C.-based PPD is promoting current CEO Fred Eshelman to the newly created position of executive chairman of the board of directors, effective July 1.

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Encorium Plans Sale to Pierrel SpA

Tuesday, May 19, 2009 09:28 AM

Just a week after announcing plans to sell the assets of its U.S. business to a global based contract research organization (CRO), Wayne, Pa.-based Encorium Group has scrapped those original plans and signed a letter of intent with another international CRO.

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Novotech in Joint Venture with Indian CRO, Focuses on Asian Expansion

Monday, May 18, 2009 06:59 AM

In keeping with its strategic focus on expanding in Asia, Australia-based contract research organization (CRO) Novotech has entered into a joint venture with ETI Klinical, a CRO based in Bangalore, India, and part of the Karle Group.

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etrials Cuts Costs—and Losses in Q1

Wednesday, May 13, 2009 08:58 AM

eClinical vendor etrials Worldwide cut its net loss for the first quarter 2009 in half from the same period 2008 by reducing operating expenses, the company said. Net loss for Q1 was $960,000, compared with $2 million in Q1 2008—and $5.5 million in the fourth quarter 2008.

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Encorium Announces Plans to Sell

Tuesday, May 12, 2009 10:36 AM

Wayne, Pa.-based contract research organization (CRO) Encorium Group said yesterday that it has entered into two non-binding letters of intent to sell the assets of its U.S. business, Encorium Group, and its wholly owned European subsidiary, Encorium Oy.

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Kendle Faces Questions about Pricing Pressures

Monday, May 11, 2009 07:00 AM

After warning investors two weeks ago that first quarter 2009 revenues would be significantly lower than expected, Cincinnati-based contract research organization (CRO) Kendle released its first quarter earnings late last week—reporting a 78% drop in profit compared with the same period last year.

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ASKA Partners with International CROs

Friday, May 8, 2009 09:44 AM

Canadian contract research organization (CRO) ASKA Research entered into strategic partnerships with two CROs that will expand ASKA’s service offerings in North America and in Australia.

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