Company Strengthens Market Position with New Customer Engagements, Strategic Partnerships and Thought Leadership on Key Industry Initiatives NEW YORK, November 21 /CNW/ - Medidata Solutions, a global leader in electronic data capture (EDC), management and reporting solutions, today announced the company's 27th quarter of consecutive growth. Medidata closed Q3 2007 with a 60 percent year over year revenue growth and signed 12 new customers, with eight secured through Medidata's ASPire to Win(R) CRO partner program. The company also added 22 follow-on contracts from existing customers. Medidata Solutions continued to strengthen its market position with key customer wins signed in the third quarter, including Wyeth Pharmaceuticals' selection of Medidata Rave(R) as its enterprise-wide EDC solution, as well as a new ASPire to Win partnership with EPS, one of Japan's largest contract research organizations (CRO). Additional company highlights include: -- New partnerships: PHT Corporation integrated their LogPad(R) ePRO system with Medidata Rave EDC and clinical data management platform. The new eClinical solution was implemented by Sucampo Pharmaceuticals to maximize efficiencies for a study of gastrointestinal (GI) compound for the pediatric population. -- Key appointments: Medidata announced several key members of its executive team, including Dr. Barton Cobert as Vice President of Global Regulatory Initiatives and Pharmacovigilance, Frances Nolan as Vice President of Global Quality Assurance and Dr. Tony Hewer as Senior Director of Global Quality Assurance for EMEA. -- Company recognition: Medidata was honored with the Inc. 5,000 award, placing 13th in the Inc. 5,000 New York, New Jersey and Long Island region, 14th in the Inc. 5,000 software industry category and 173rd in the overall Inc. 5,000. Medidata CEO Tarek Sherif was also named among the PharmaVOICE 100 list of the top inspirational people in the life sciences industry. -- Webinar series: United BioSource Corporation, Medidata and Tessella delivered three more presentations as part of the popular "Enabling Adaptive Clinical Trials" webinar series - covering topics including adaptive trial design and simulation, EDC and CDMS and IVRS/IWRS, randomization and drug supply. -- Global speaking engagements: Medidata executives delivered presentations at a range of industry events including CDISC 2007 Interchange, The Center for Business Intelligence 10th Registries and Post Approval Studies Congress, The Regulatory Compliance Workshop Groups Solving the Problems in Designing, Implementing and Managing SOPs for Clinical Research, Pharmaceutical Contract Management Group (PCMG) and Association for Clinical Data Management (ACDM) Meeting and the Society for Data Management 2007 Fall Conference. "During this quarter, Medidata Solutions has made impressive gains through notable customers wins and extended relationships with existing customers," said Tarek Sherif, CEO of Medidata Solutions. "In addition to our expanding client and partner base due to the success of Medidata Rave, the industry-leading EDC, management and reporting solution, we have also continued paving the way for innovation in adaptive clinical trials, Late Phase trials and beyond - all of which are vital to enabling life sciences companies to safely and efficiently improve quality of life." About Medidata Solutions Worldwide Medidata Solutions helps the world's leading pharmaceutical, biotechnology, medical device and research organizations maximize the value of their clinical research investments. Innovative process design, technology and services streamline clinical trials by providing early visibility to reliable clinical data - the lifeblood of every research organization. Working with companies and institutions both large and small, Medidata Solutions helps clinical researchers safely accelerate the process of bringing life-enhancing treatments to market - on six continents and in more than 80 countries. Medidata Solutions brings significant value to its broad client base with deep clinical experience and expertise in more than 20 therapeutic areas, projects in Phase I, II, III, IV, registries and surveillance, and studies with thousands of investigators and tens-of-thousands of subjects. For more information, please visit www.mdsol.com.
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