inVentiv Clinical Solutions Division and ClinPhone Announce New Agreement
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Strengthens inVentiv's Clinical Trial Management Capabilities
SOMERSET, NEW JERSEY, June 08, 2007 - inVentiv Health, Inc. (NASDAQ: VTIV) announced today that its inVentiv Clinical Solutions division has signed a new agreement with ClinPhone, the leading Clinical Technology Organization. ClinPhone's solutions help the biopharmaceutical industry accelerate clinical trials with a full suite of proven software and services.
Under the terms of the agreement, inVentiv Clinical Solutions will complete a technology and knowledge transfer of the clinical data capture software, ClinPhone EDC. inVentiv Clinical will offer clients a range of fully electronic data capture and management services, addressing the need for speed and accuracy throughout the clinical trial process.
ClinPhone EDC unifies the functionality of paper data entry with the flexibility of electronic data capture. Using an electronic clinical data management platform, it enables biopharmaceutical companies and contract research organizations (CROs) to streamline clinical data management processes and reduce the time and cost associated with clinical trials.
Mike Hlinak, President and CEO of inVentiv Clinical Solutions said, "This agreement with ClinPhone allows us to further broaden our service offering by adding our own EDC system which will no doubt better service the increasing needs of our clients for speed and accuracy of clinical trial data. The addition of our own EDC platform also solidifies our position in the market as the clear leader in providing flexible, cost effective clinical outsourcing solutions."
Jim Langford, head of North American sales for ClinPhone stated, "ClinPhone's market leading position in clinical technologies teamed with inVentiv's position as premier provider of clinical outsourcing solutions will benefit sponsors by taking this leading EDC technology and blending it with the outstanding services provided by inVentiv. The decision by inVentiv to utilize our technology as the platform for their data management services further solidifies our position of having the most flexible applications and business model for the CRO industry."
About inVentiv Clinical
inVentiv Clinical Solutions is the premier provider of unique clinical outsourcing solutions, allowing the greatest flexibility through unmatched access to high quality clinical resources. We provide clinical trial management and monitoring, data management and biostatistics solutions, regulatory consulting and liaison services and patient and investigator recruitment, complimented by full clinical staffing capabilities through our industry leading staffing divisions, MedFocus and Smith Hanley Consulting. inVentiv Clinical Solutions is a division of inVentiv Health, Inc. (NASDAQ: VTIV)
About inVentiv Health
inVentiv Health, Inc. (NASDAQ: VTIV) is the leading provider of commercialization and complementary services to the global pharmaceutical, life sciences and biotechnology industries. inVentiv delivers its customized clinical, sales, marketing and communications solutions through its three core business segments: inVentiv Clinical, inVentiv Communications and inVentiv Commercial. inVentiv Health currently works with over 200 unique pharmaceutical, biotech and life sciences clients, including all top 20 global pharmaceutical companies. For more information, visit www.inventivhealth.com.
About ClinPhone
ClinPhone plc is a specialist Clinical Technology Organization (CTO) working with the leading global biotech and pharmaceutical organizations. With its corporate headquarters in Nottingham, UK, ClinPhone is the largest and most accomplished CTO with experience in over 1950 clinical trials spanning 88 countries and 71 languages.The company's solutions enable its clients to manage their clinical trials more effectively through the use of technology. Building on its telephone and web-based randomization and medication management expertise, ClinPhone can offer a wide range of innovative products covering all aspects of a clinical trial, including Electronic Patient Reported Outcomes (ePRO), Interactive Voice and Web Response (IVR and IWR), Patient Recruitment Solutions, Electronic Data Capture (EDC) and Clinical Trial Management Software (CTMS). For more information, visit www.clinphone.com
