Averion Provides Update on Core Offerings.Clinical Research Organization Offers Expert Regulatory and Validation Services Including Clinical Staffing BOSTON -- Averion International Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AVRO) today provided an update on integration activities that further enhance its full-service clinical research offerings and align its regulatory and validation consulting to improve its competitive position. Clinical staffing services will continue to be offered. Averion was formed through the combination of publicly traded IT&E International, and privately held Millennix Inc. and Averion Inc. The combined company formally changed its name to Averion International Corp. in September 2006. Previously operating as separately branded divisions of Averion, IT&E International and Millennix Inc. now operate and offer their services under the Averion name. Averion's regulatory and validation consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" have been offered for more than a decade through the former IT&E International. These services, which are provided both on site and on a consulting basis, include the placement of skilled professionals for regulatory planning, operations development, computer system validation, and ensuring U.S. Food and Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. ) compliance and validation of pharmaceutical laboratories, manufacturing facilities and processes. Averion's clinical staffing services include placement of seasoned clinical staff in the areas of biostatistics biostatistics /bio·sta·tis·tics/ (-stah-tis´tiks) biometry. bi·o·sta·tis·tics n. The science of statistics applied to the analysis of biological or medical data. , data management, medical affairs, pharmacovigilance, project management, site monitoring See Web analytics. , and regulatory affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas: Averion continues to offer comprehensive clinical research services, including Phase I-IV clinical trials management, patient registries, compassionate access and post-marketing safety studies. Our therapeutic focus includes oncology, medical devices, nephrology nephrology Branch of medicine dealing with kidney function and diseases. An understanding of kidney physiology is important not only in treating kidney disease but in knowing the effect of drugs, diet, and hypertension on kidney disease, and vice versa. , dermatology dermatology (dûrmətŏl`əjē), branch of medicine concerned with diagnosis and treatment of diseases and disorders of the skin. , and critical care. "We are building a quality image for our full-service CRO and staffing offering under the Averion name to reflect the cohesiveness of our offering and improve our competitive position," said Philip T. Lavin, PhD, Averion Chief Executive Officer. "Our mission is to create value for our clients by maximizing the chances for product success, agency approval, and health care utilization through this vertical integration. Averion International Corp. stands ready to work side by side with our clients to help them speed products through the regulatory process." About Averion International Corp. Averion International Corp. is a full service clinical research organization (CRO) that provides clinical research and staffing services to the pharmaceutical, biotechnology and medical device/diagnostic industries. The Company has a therapeutic focus in oncology, dermatology, nephrology and medical devices. Averion's clinical research core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Medical specialty dealing with heart diseases and disorders. It began with the 1749 publication by Jean Baptiste de Sénac of contemporary knowledge of the heart. Diagnostic methods improved in the 19th century, and in 1905 the electrocardiograph was invented. . The Company also provides staffing services to help solve many regulatory and validation problems faced by clients throughout the product development lifecycle. Averion is headquartered in Southborough, Mass. and has additional U.S. office locations in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Philadelphia and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , as well as European offices in Germany, United Kingdom, Austria and Poland. (www.averionintl.com) Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Included in this press release are "forward-looking statements." Statements in this press release that are forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates" and similar expressions. Although the Company *believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements. The Company refers you to the cautionary statements and risk factors set forth in the documents it files with the Securities and Exchange Commission, including its most recent 10-KSB. The Company is not under any obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. |
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