DATATRAK Signs Contract for Eight-Year, Phase IV Study
01 Février 2010 - 1:30PM
PR Newswire (US)
CLEVELAND, Feb. 1 /PRNewswire-FirstCall/ -- DATATRAK International,
Inc. (OTCQX: DATA), a technology and services company focused on
global eClinical solutions for the clinical trials industry, today
announced the contract signing for a Phase IV, eight-year,
500-site, 5,000-patient study worth approximately $900,000 with a
global specialty pharmaceutical and medication delivery company.
This non-interventional, multi-center study will be deployed
internationally utilizing DATATRAK eClinical(TM) for the
observation of treatment of Renal Anemia. "This client has
previously invested in our Technology Transfer training and is now
strategically positioned to realize the maximum efficiency and
benefit from its DATATRAK ONE(TM) implementation," said Laurence
Birch, DATATRAK's Chairman of the Board. "The selection of DATATRAK
eClinical(TM) for this study attests to the robustness and
reliability of the platform and underscores this client's long-term
commitment to DATATRAK." About DATATRAK International, Inc.
DATATRAK International, Inc. is a worldwide technology and services
company focused on the provision of multi-component eClinical
solutions and related services for the clinical trials industry. We
operate under the vision of DATATRAK ONE(TM), which encompasses our
unique, single platform technology. The singular architecture of
our DATATRAK eClinical(TM) product suite has been embraced by
clients around the globe for its ability to effectively manage
clinical trials through a unified multi-component, comprehensive
solution. 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, DATATRAK International, Inc.,
+1-440-443-0082 x181 Web Site: http://www.datatrak.net/
Copyright