Phase Forward and PharmaNet Development Group sign multi-year agreement

Phase Forward (NASDAQ: PFWD), a leading provider of data management solutions for clinical trials and drug safety, today announced a multi-year agreement with PharmaNet Development Group, Inc., a global drug development services company, that enables PharmaNet to offer Phase Forward’s InForm™ electronic data capture (EDC) solution to PharmaNet customers worldwide. PharmaNet provides a comprehensive range of services to the pharmaceutical, biotechnology, generic drug and medical device industries that includes clinical trial data management.

“We chose to team with Phase Forward on the basis of our successful collaboration on behalf of several pharmaceutical companies,” said Thomas Newman, M.D., President, PharmaNet Late Stage Development. “That experience indicated the complementary nature of Phase Forward’s established leadership in EDC technology solutions and our expertise in providing clinical trial services to a broad range of industries. We look forward to extending to other customers the success our work together has already achieved.”

“Customers are turning to PharmaNet for its proven expertise in providing the critical services infrastructure required to optimize the clinical trial process,” said Steve Powell, senior vice president, Phase Forward. “Our InForm EDC solution is a perfect addition to PharmaNet’s expertise and we look forward to building on and expanding our work together.”

Source: Phase Forward