ILEX Oncology and Clinical Research Group Form Strategic Alliance.SAN ANTONIO--(BUSINESS WIRE)--July 22, 1998--ILEX(tm) Oncology Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ILXO) today announced that it has formed a strategic alliance with Clinical Research Group Inc. (CRG CRG Centre for Research on Globalisation CRG Council for Responsible Genetics CRG Contingency Response Group CRG Citizens for Responsible Government CRG Corporate Renaissance Group CRG Columbia River Gorge CRG Consulting Resource Group CRG Columbia Resource Group ), the largest Site Management Organization (SMO SMO Server Management Objects SMO SQL Management Objects SMO Social Media Optimization SMO Santa Monica Municipal Airport SMO Sabhal Mòr Ostaig (Scotland Gaelic college) SMO Site Management Organization SMO Service Message Object ) focused exclusively in oncology in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The alliance greatly expands ILEX's access to cancer patients for clinical trials and enhances ILEX's position as the industry's foremost provider of drug development services in oncology. CRG's 61 member sites treat more than 63,000 new cancer patients per year. The CRG sites, known as Oncology Research Group, have earned a track record of high performance in three key areas: 1) quick study startup; 2) dependable patient accrual; and 3) clean data. Last year, CRG sites conducted more than 60 research studies for major pharmaceutical and biotech companies. CRG estimates that nearly 20 percent of all pharmaceutical and biotech companies with oncology products in clinical development are clients of CRG. "Our relationship with CRG is an excellent complement to our existing affiliation with Physician Reliance Network (PRN (PRiNter) The DOS name for the first connected parallel port. See DOS device names. )," said Richard Love, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , ILEX Ilex a bush bearing berries containing saponins; cause vomiting, diarrhea. Called also holly. Oncology. "CRG's member practices are primarily in the Northeast, while PRN's are located in the Midwest, Northwest and Southwest. Through this additional geographic diversity, we have the most extensive preferred access to clinical trial sites of any drug development company," said Love. Last year ILEX entered into an agreement with PRN, one of the largest oncology physician practice management companies in the United States. ILEX Oncology Inc. is a drug development company focused exclusively on the development and marketing approval of drugs for the treatment and prevention of cancer. ILEX provides 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. compounds for their pipeline through its Products subsidiary, as well as drug development and manufacturing services on a contract basis via a Services subsidiary. ILEX's close association with cancer research and treatment institutions allows access to both the opinion leaders and patients necessary for the development of oncology drugs. Certain statements contained herein are "forward-looking" statements, (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, competitive risks and those risks and uncertainties discussed in filings made by ILEX Oncology Inc. with the Securities and Exchange Commission. This release and other information about ILEX(tm) Oncology can be found on the World Wide Web at http://www.ilexoncology.com. CONTACT: ILEX Oncology Inc., San Antonio Beth Shapiro, 210/949-8223 or Ann Stevens, 210/949-8230 or Clinical Research Group Inc. John G. Corcoran, 610/527-6417 ext. 209 |
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