Articles Published in 2009

PPD to Buy China’s Excel PharmaStudies

Wednesday, October 28, 2009 09:06 AM

PPD has entered into an agreement to acquire Excel PharmaStudies, one of the largest contract research organizations (CROs) in China, providing PPD additional capacity and expertise in the rapidly growing clinical research market.

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Parexel's Q1 Revenue, Net Income Slips

Wednesday, October 28, 2009 07:21 AM

Parexel's first quarter consolidated service revenue dipped 1.2% to $259.8 million, compared with $263 million in the prior year period. Net income also slipped to $12.4 million, or $0.21 per diluted share, compared with net income of $13.6 million, or $0.23 per diluted share, for the year ago quarter.

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Encorium Group Completes Private Placement, Won’t Sell Subsidiary

Tuesday, October 27, 2009 06:54 AM

Berwyn, Pa.-based contract research organization (CRO) Encorium Group has terminated another deal to sell off part of the company. 

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GSK, US Oncology in Clinical Trial Alliance

Monday, October 26, 2009 06:47 AM

The Oncology R&D unit of GlaxoSmithKline (GSK) has entered into a new research alliance agreement with US Oncology, a nationwide cancer care company that supports a community-based research network specializing in phase I through IV oncology clinical trials. The non-exclusive collaboration is aimed at improving the execution time of GSK’s oncology clinical trials.

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Phase Forward Receives SCDM Award

Friday, October 23, 2009 07:13 AM

The Society for Clinical Data Management has awarded its annual Data Driven Innovation Award to Phase Forward for developing a technology that increased external data loading rates 100-fold.

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Covance 3Q Revenue Up, Operating Income Down

Thursday, October 22, 2009 07:16 AM

Covance, a global contract research organization, reported third quarter revenues grew 8% to $493.7 million compared with the prior year quarter, but operating income slipped 17% to $57.8 million.

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ICON's Earnings Up, Sales Down

Thursday, October 22, 2009 06:09 AM

Dublin-based ICON, a global contract research organization (CRO), reported third quarter net income jumped 12% on sales that fell 2.3% to $220.3 million, compared with the year ago quarter.

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World Courier Opens Facilities in Australia, South Africa

Wednesday, October 21, 2009 08:05 AM

World Courier has opened new investigational drug storage facilities in Melbourne, Australia, and Johannesburg, South Africa, bringing its network of GMP (Good Manufacturing Practice)-compliant clinical trial depots to a total of 11 worldwide.

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Pusey Appointed President, CEO of Omnicare Clinical Research

Tuesday, October 20, 2009 08:01 AM

Omnicare appointed James Pusey as president and CEO of Omnicare Clinical Research. In his new position, Pusey will be responsible for Omnicare’s contract research organization (CRO) operations worldwide.

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Czura Thornton to Buy MDS Central Lab Business

Monday, October 19, 2009 07:46 AM

Czura Thornton, the private investment group that already owns UK-based contract research organization (CRO) Chiltern International, has agreed to acquire the global central laboratory operations of MDS Pharma Services for about $8 million. 

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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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December

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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