AVANTEC Inaugurates New World Headquarters to Meet Growing Business Demands; New Space Needed to Allow for AVANTEC Global Expansion.INDIANAPOLIS--(BW HealthWire)--July 30, 1998--Four years and 120 employees later, AVANTEC(R), one of the fastest growing small businesses in the clinical trial data management arena, has relocated to a larger location to accommodate the current and future growth of the company. AVANTEC, based in Carmel, Indiana Carmel (IPA: [ˈkɑɹ.ml̩]) is a city in Hamilton County, Indiana, United States. The population was 37,733 at the 2000 census but has been growing very rapidly. , a suburb of Indianapolis, manages the collection and organization of clinical trial data for pharmaceutical and biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. and allows its customers to access their data in "real time". "Our new building will give us much needed room to expand both in capital equipment and data cleaning and processing personnel," said Raul Zavaleta, Chief Executive Officer and co-founder of AVANTEC. The company's committed sales during the first two quarters of 1998 were three times that of all contract sales in 1997. "The new space will allow us to meet our customers' needs without a decrease in the service that they depend on." The new headquarters is located at 615 West Carmel Drive, Carmel, Indiana 46032. The switchboard can be reached at 317/574-8610. The fax number is 317/574-8611. Named a Growth 100 company by the Center for Entrepreneurship and Innovation at Indiana University Indiana University, main campus at Bloomington; state supported; coeducational; chartered 1820 as a seminary, opened 1824. It became a college in 1828 and a university in 1838. The medical center (run jointly with Purdue Univ. in 1997, AVANTEC has quickly become an asset to pharmaceutical and biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. companies with its ability to reduce the time to database lock from an industry average of 75-100 days to one week. This means an AVANTEC customer may be able to develop and register a drug faster than under traditional methods. AVANTEC's customer base includes Abbott Laboratories Abbott Laboratories (NYSE: ABT) is a diversified pharmaceuticals and health care company. It has over 65,000 employees and operates in 130 countries. The corporate headquarters are in Abbott Park, Illinois, a neighborhood of North Chicago, Illinois. , Eli Lilly and Company Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company and one of the world's largest corporations. Eli Lilly's global headquarters is located in Indianapolis, Indiana, in the United States. , Glaxo Wellcome, Pfizer and Procter & Gamble. "Speed-to-market is becoming more and more important in the rapidly changing Pharmaceutical industry. The patient is waiting for us," said Alfonso J. Alanis, M.D., Vice President of Medical Affairs and Clinical Development for Eli Lilly and Company. "AVANTEC's technology is one of the factors that helps us better meet patient needs and compete on a global basis." In addition to the World Headquarters, AVANTEC also has offices in London and Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. . The company has regional offices throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and plans to open its doors in the Asia Pacific region in the future. Additional information can be found on the AVANTEC web site at www.avantec.net.
CONTACT: AVANTEC
Roland J. Bydlon, 317/574-8620 ext. 108
rbydlon@avantec.net
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