Phase Forward (NASDAQ: PFWD), a leading provider of data management
solutions for clinical trials and drug safety, today announced a major
new release of its Interactive Response Technology (IRT) solution, Phase
Forward™ IRT 5.0. Based on best-in-breed technology gained in the
company’s September 2008 acquisition of Clarix, Phase Forward IRT 5.0
gives managers direct control over clinical supply management and helps
to provide assurance of supply availability at randomization. Phase
Forward IRT also offers a new integrated drug forecasting module for
advanced global clinical trial supply management and a new, enhanced
user interface to streamline navigation and consolidate workflow.
"Phase Forward IRT 5.0 is a major step forward in helping customers
leverage the power of IRT technology to improve efficiency within
clinical trial supply management and planning, a crucial factor in every
trial’s success,” said Steve Rosenberg, senior vice president of
products and services, Phase Forward. "This release is a key component
of our integrated clinical research suite for end-to-end clinical trial
management.”
The Phase Forward IRT 5.0 release introduces a new "smart system
intelligence” feature that puts clinical supply managers in control,
helping them effectively respond to sudden increases in new subjects at
any point in the trial. On the basis of user-defined variables, the
application will either automatically generate a supply order or notify
the supply manager of a potential stock-out, ensuring that subject
enrollment is not compromised by lack of study supplies.
The new integrated drug forecasting module gives managers pre-study
planning tools to optimize trial supply strategies. During live trials
the application links to trial data on demand, enabling managers to
quickly compare planning assumptions and forecasts with actual trial
data, update supply demand assumptions as needed and modify
manufacturing schedules to respond to new projections.
New user interface and dashboard views provide at-a-glance access to
critical information, visual status alerts and filtering capabilities to
guide users intuitively through tasks, consolidating workflow and
helping to ensure that the most pertinent information stays paramount.
The release also provides multilingual capabilities, including Japanese,
to enable use across the global trial community.
Together, Phase Forward’s IRT and InForm™ GTM electronic data capture
(EDC) solutions offer users a tightly integrated solution with a single,
unified interface and seamless workflow, providing the total cost of
ownership and single point of contact benefits inherent in a single
vendor solution.
The Phase Forward IRT 5.0 solution and the optional forecasting module
are immediately available.
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 300
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 acceptance of Phase Forward’s products, features of
Phase Forward products that are not believed to be available in
competing products, and the benefits to customers from the use of such
products. 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, Phase Forward's inability to convince current and
potential customers to order its products, the failure of customers to
realize benefits from the use of these products, changes in industry
standards, changes in the manner in which Phase Forward customers
conduct business, and changes in or introduction of competitive
products. 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.