15.05.2008 13:00:00
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Phase Forward's Clinical Trials Signal Detection (CTSD) Product Wins Prestigious Bio-IT World Best Practices Award
Phase Forward (NASDAQ: PFWD), a leading provider of data management
solutions for clinical trials and drug safety, today announced that its
Lincoln Safety Group’s Clinical Trials Signal
Detection (CTSD™) product garnered a
prestigious "Best Practices”
award at the recent Bio-IT World Life Sciences Conference and Expo in
Boston. Today’s announcement marks the
second time in three years CTSD has been honored by the conference and
expo; in 2006, CTSD took home a Best of Show award.
As in 2006, the 2008 award was given to CTSD in the "Clinical
Trials and Research” category. This year’s
award recognizes the CTSD implementation at GlaxoSmithKline. GSK
partnered with the Phase Forward Lincoln Safety Group in 2006 and
collaborated with Lincoln’s development team
to design a Safety Review interface which enhances Clinical Safety users’
ability to review data from both completed and ongoing studies. The
Safety Review interface combined with CTSD’s
automated screening on adverse events, laboratory, vital signs and
electrocardiogram (ECG) data can help facilitate timely detection and
evaluation of safety signals.
"We are gratified by the recognition Bio-IT
World Life Sciences Conference and Expo has again given our CTSD product,”
said Phase Forward Lincoln Safety Group President Chan Russell. "We
congratulate our co-recipient GSK for their innovative use of CTSD.” "We are honored once again to be in the
spotlight at Bio-IT World. In 2005, GSK and the Lincoln Safety Group won
the award for our post-marketing safety signal detection tool and we
said we would be back with a clinical trial signal detection system,”
said Trevor Gibbs, GSK’s Senior
Vice-President, Medical Governance and Pharmacovigilance. "This
award is nicely aligned with GSK’s deployment
of the CTSD tool. We look forward to continuing our successful
partnership with the Lincoln Safety Group.”
Bio-IT World is an industry-leading publication addressing the
technologies driving discovery, development and clinical trials. Bio-IT
World’s Best Practices Awards Program,
established in 2003, recognizes teams for their novel and innovative
uses of technology to improve the efficiency and economics of R&D, drug
discovery, and clinical research and trials. The quality and breadth of
the 2008 program is underscored by the record 54 entries. For more
information on Bio-IT World, please visit: www.bio-itworld.com.
For more information on The Life Sciences Conference and Expo, please
visit: http://www.bio-itworldexpo.com/.
About Bio-IT World, Inc. Bio-IT World (www.bio-itworld.com),
the flagship publication of Cambridge Healthtech Institute (CHI), is the
leading source of news on technology and strategic innovation in drug
discovery, development, and clinical trials. Bio-IT World
explores the tools and results of predictive biology as the industry
adapts to the new world of personalized medicine. Bio-IT World
has won 34 national and regional awards, more than any other magazine
covering the life sciences industry. CHI offers a suite of published
resources through a new division—Cambridge
Healthtech Media Group—that includes Bio-IT
World magazine, numerous topic-specific eNewsletters, white papers,
webcasts, podcasts, conferences, and the Bio-IT World Best
Practices Awards. The magazine is based in Needham, MA.
About Phase Forward
Phase Forward is a leading provider of integrated data management
solutions for clinical trials and drug safety. The company offers proven
solutions for electronic data capture (InForm(TM)), phase I clinic
automation (LabPas(TM)), clinical data management (Clintrial(TM)),
clinical trials signal detection (CTSD(TM)), strategic pharmacovigilance
(WebVDME(TM) and Signal Management), adverse event reporting
(Empirica(TM) Trace) and applied data standards (WebSDM(TM)). In
addition, the company provides services in the areas of application
implementation, hosting and validation, data integration, business
process optimization, safety data management and industry standards.
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 280 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, 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, 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,
changes in regulatory requirements applicable to Phase Forward’s
customers and the manner in which they conduct business, changes in
commonly used industry standards, the possibility that customers’
needs or plans may change over time, 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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