DATATRAK Signs 6 Year Study with New Device Client
October 07 2009 - 5:43PM
PR Newswire (US)
CLEVELAND, Oct. 7 /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 signing of a new client with the award of a study for
evaluating the use of a thoracic stent graft in aneurysm repair.
This six year, US-based study will seek to advance the use of
minimally invasive surgical techniques for thoracic aortic
aneurysms. "DATATRAK is excited to work with the leading global
provider of innovative devices for the treatment of peripheral
vascular disease," said Laurence Birch, DATATRAK's Chairman of the
Board. "We look forward to a long and prosperous relationship with
this new client." 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 concept 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/
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