European Division of Global Top 20 Pharmaceutical Company Awards Phase III Trial to DATATRAK
28 Julio 2009 - 3:10PM
PR Newswire (US)
CLEVELAND, July 28 /PRNewswire-FirstCall/ -- DATATRAK
International, Inc., a technology and services company focused on
global eClinical solutions for the clinical trials industry, today
announced that a European Division within a Global Top 20
Pharmaceutical organization has selected DATATRAK's eClinical(TM)
Solution to conduct a Phase III clinical trial. DATATRAK has
executed a letter of intent with one of the world's leading global
clinical research organizations (CRO) to begin trial services
immediately. With subjects to be enrolled in almost a dozen
European countries, the Sponsor will be utilizing DATATRAK
eClinical's web-based patient randomization, auto-coding and
laboratory data import solutions in addition to its Electronic Data
Capture (EDC) product to efficiently manage the study. "We are
extremely delighted to have been awarded this important clinical
project. It is very encouraging to see a Top 20 pharmaceutical
company selecting the DATATRAK team," said Laurence Birch,
DATATRAK's President and CEO. "This is yet another example of
DATATRAK's recent resurgence in the marketplace, and I am confident
that the DATATRAK eClinical(TM) Solution, as well as the
operational team responsible for the project, will exceed all
expectations." About DATATRAK International, Inc. DATATRAK
International, Inc. is a worldwide technology company focused on
the provision of multi-component eClinical solutions and related
services for the clinical trials industry. The Company delivers a
complete portfolio of software products that were created in order
to accelerate clinical research data from investigative sites to
clinical trial sponsors and ultimately the FDA, faster and more
efficiently than manual methods or loosely integrated technologies.
DATATRAK's eClinical(TM) software suite can be deployed worldwide
through an ASP offering or in a licensed Enterprise Transfer model
that fully empowers its clients. The DATATRAK software suite and
its earlier versions have successfully supported hundreds of
international clinical trials involving thousands of clinical
research sites and encompassing tens of thousands of patients in 59
countries. DATATRAK International, Inc.'s product suite has been
utilized in some aspect of the clinical development of 16 drugs and
one medical device that have received regulatory approval from
either the United States Food and Drug Administration or
counterpart European bodies. DATATRAK International, Inc. has
offices located in Cleveland, Ohio, and Bryan, Texas. Visit the
DATATRAK International, Inc. web site at http://www.datatrak.net/.
Except for the historical information contained in this press
release, the statements made in this release are forward-looking
statements. These forward-looking statements are made based on
management's expectations, assumptions, estimates and current
beliefs concerning the operations, future results and prospects of
the Company and are subject to uncertainties and factors (including
those specified below) which are difficult to predict and, in many
instances, are beyond the control of the Company. Factors that may
cause actual results to differ materially from those in the
forward-looking statements include the limited operating history on
which the Company's performance can be evaluated; the ability of
the Company to continue to enhance its software products to meet
customer and market needs; fluctuations in the Company's quarterly
results; the viability of the Company's business strategy and its
early stage of development; the timing of clinical trial sponsor
decisions to conduct new clinical trials or cancel or delay ongoing
trials; the Company's dependence on major customers; government
regulation associated with clinical trials and the approval of new
drugs; the ability of the Company to compete in the emerging EDC
market; losses that potentially could be incurred from breaches of
contracts or loss of customer data; the inability to protect
intellectual property rights or the infringement upon other's
intellectual property rights; the costs associated with maintaining
and/or developing two product suites; and general economic
conditions such as the rate of employment, inflation, interest
rates and the condition of capital markets. This list of factors is
not all-inclusive. In addition, the Company's success depends on
the outcome of various strategic initiatives it has undertaken, all
of which are based on assumptions made by the Company concerning
trends in the clinical research market and the health care
industry. The Company undertakes no obligation to update publicly
or revise any forward-looking statement whether as a result of new
information, future events or otherwise. DATASOURCE: DATATRAK
International, Inc. CONTACT: Raymond J. Merk, Chief Financial
Officer and Chief Operating Officer, of DATATRAK International,
Inc., +1-440-443-0082 x181 Web Site: http://www.datatrak.net/
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