Phase Forward and SGS Life Science Services Sign Multi-Year, Multi-Million Dollar Agreement
August 13 2009 - 9:00AM
Business Wire
Phase Forward (NASDAQ: PFWD), a leading provider of data
management solutions for clinical trials and drug safety, today
announced a multi-year, multi-million dollar extension of its
existing partnership with leading CRO SGS. The agreement reinforces
the companies’ close working relationship and offers SGS’s
customers the benefits of Phase Forward’s InForm™ Global Trial
Management (GTM), Clarix™ Interactive Response Technology (IRT) and
Maaguzi Web-based electronic patient reported outcomes (ePRO) and
late phase solutions. A Phase Forward customer since 2002, SGS is
one of the largest EU data management CROs, managing nearly 100
clinical trials and processing over one million case report form
(CRF) pages each year.
“Our customers are looking for an integrated eClinical solution
comprising multiple systems,” said Luc Braeken, global director,
Biometrics Services, SGS. “The agreement announced today will allow
us to respond to customer demand for this integrated solution with
innovative product sets from a market leader. This solution is
designed to meet the needs of even the most demanding clinical
development professional, offering more effective ways to manage
clinical operations, help ensure product safety and reduce
time-to-market.”
“SGS has established a reputation as a leading provider of
integrated solutions from preclinical activities, to phase one
through four trials,” said Mike Davies, vice president, global CRO
partnerships, Phase Forward. “We look forward to building on the
success of our collaboration to date with the solutions that our
acquisitions of Clarix and Maaguzi add to the equation.”
About SGS Life Science Services
SGS Life Science Services, a Business unit of the SGS Group, has
30 years of experience as a global contract service organization
providing integrated solutions from preclinical activities to Phase
I through IV trials, bio-analytical and QC testing. With more than
1,300 employees and 2,000 clinical trials performed, SGS Life
Science Services serves the pharmaceutical, biotechnology and
medical device industries. SGS Life Science Services Biometrics
group offers comprehensive Data Management, Statistics, PK and
medical writing services. Its expertise includes in-depth
experience in EDC, CDISC and extensive high throughput capabilities
to deliver on time.
The SGS Group is the global leader and innovator in inspection,
verification, testing and certification services. Founded in 1878,
SGS is recognized as the global benchmark in quality and integrity.
With more than 56,000 employees, SGS operates a network of more
than 1,000 offices and laboratories around the world. Additional
information about SGS is available at www.sgs.com/CRO.
About Phase Forward
Phase Forward is a leading provider of integrated data
management solutions for clinical trials and drug safety. Phase
Forward’s products and services have been utilized in over 10,000
clinical trials involving more than 1,000,000 clinical trial study
participants at over 290 organizations and regulatory agencies
worldwide including: AstraZeneca, Boston Scientific, Dana-Farber
Cancer Institute, Eli Lilly, the U.S. Food and Drug Administration,
GlaxoSmithKline, Harvard Clinical Research Institute, Merck Serono,
Novartis, Novo Nordisk, PAREXEL International, Procter &
Gamble, Quintiles, sanofi-aventis, Schering-Plough Research
Institute, Servier, SGS, Tibotec and the U.K. Medicines and
Healthcare Products Regulatory Agency. Additional information about
Phase Forward is available at www.phaseforward.com.
Cautionary Statement
Certain statements made in this press release that are not based
on historical information are forward-looking statements which are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. This press release
contains express or implied forward-looking statements relating to,
among other things, the performance and features of Phase Forward’s
products and services, demand for Phase Forward’s products and
services, future business and operations plans of a Phase Forward
customer, and the ability of Phase Forward’s customers to realize
benefits from the use of Phase Forward’s products and services.
These statements are neither promises nor guarantees, but are
subject to a variety of risks and uncertainties, many of which are
beyond Phase Forward's control, which could cause actual results to
differ materially from those contemplated in these forward-looking
statements. In particular, the risks and uncertainties include,
among other things, the ability of Phase Forward’s customers to
realize benefits from the use of its products and services, the
possibility that customers’ needs or plans may change over time,
the possibility that the level of demand for Phase Forward’s
products and services may vary, regulatory changes and competition.
Existing and prospective investors are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date hereof. Phase Forward undertakes no obligation to
update or revise the information contained in this press release,
whether as a result of new information, future events or
circumstances or otherwise. For additional disclosure regarding
these and other risks faced by Phase Forward, see the disclosure
contained in Phase Forward's public filings with the Securities and
Exchange Commission including, without limitation, its most recent
Annual Report on Form 10-K.
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