PFC Pharma Joins DATATRAK's CRO Connect Program
November 30 2009 - 4:45PM
PR Newswire (US)
CLEVELAND, Nov. 30 /PRNewswire-FirstCall/ -- DATATRAK
International, Inc. (OTCQX: DATA), a technology and services
company focused on global eClinical solutions for the clinical
trials industry, today announced that PFC Pharma Focus AG (PFC) has
joined its CRO Connect Program. PFC will now have the ability to
contract for DATATRAK's CRO partner training and offer its clients
the DATATRAK eClinical(TM) product suite. In addition, PFC will
also have access to Partner preferred pricing, business development
and joint marketing support. PFC is a premium Contract Research
Organization providing international product development services
in the pharmaceutical/biotech, life science and health care
industries. In addition to its head office in Zurich, Switzerland,
further international affiliates include Germany, Israel and India.
"I am very pleased that we can extend our clinical research
services with DATATRAK to offer our clients access to a state of
the art eClinical solution," said Ran Frenkel, VP Business
Development of PFC Pharma Focus Ltd. "Selection of DATATRAK as a
partner was a result of rigorous due diligence and a shared vision
to provide cost effective technology solutions with the highest
levels of credibility and flexibility." "I am very happy to welcome
PFC Pharma Focus to the growing list of DATATRAK CRO Partners,"
said Laurence Birch, DATATRAK's Chairman of the Board. "As more and
more life science companies are turning to CROs to design, manage
and conduct their drug programs, DATATRAK continues to expand its
list of international CRO Connect Partners. Adopting DATATRAK
eClinical(TM) enables both CROs and Sponsors to achieve greater
efficiency and visibility in managing their clinical data." About
PFC. Based in Switzerland, PFC Pharma Focus is a premium contract
research organization (CRO), providing product development services
in the life science and health care industries. Founded in 1992 by
prominent experts in all realms of clinical services, the mission
of PFC Pharma Focus is to bring a new look to the drug development
experience by addressing the limitations of conventional study
practices. This year marks PFC 17 anniversary providing clinical
services, and our clients and partners include pharmaceutical,
biotechnology, medical device, and academic and government
organizations. PFC services encompass clinical development
consultancy, clinical operations and project management, medical
writing, regulatory affairs, training in pharmaceutical medicine
and development of risk management plans. For more information
visit: http://www.pfc-cro.com/. 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 an integrated 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; Ran Frenkel, VP Business Development, PFC
Pharma Focus Ltd., Zurich, Switzerland, +41 44 908 66 66 Web Site:
http://www.datatrak.net/
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