Phase Forward Appoints Kenneth I. Kaitin, Ph.D., to Board of Directors.WALTHAM, Mass. -- Phase Forward (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 : PFWD), a leading provider of data management solutions for clinical trials and drug safety, today announced the appointment of Kenneth I Kenneth I (Kenneth mac Alpin), d. 858, traditional founder of the kingdom of Scotland. He succeeded his father, Alpin, as king of Dalriada (the kingdom of the Gaelic Scots in W Scotland) and c. . Kaitin, Ph.D., to its board of directors effective November 7, 2007. This appointment further underscores Phase Forward's continued commitment to develop and maintain a board with broad business experience and deep industry expertise. "Dr. Kaitin is a highly regarded expert on the dynamics of the drug development lifecycle," said Bob Weiler, 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. of Phase Forward. "As Phase Forward continues to expand its electronic clinical data management product line, we look forward to his meaningful contributions to the company as a board member." Dr. Kaitin is the director of the Tufts Center for the Study of Drug Development, a position he has held since 1998. He is also an associate professor of medicine at Tufts University School of Medicine The Tufts University School of Medicine is one of the eight schools that comprise Tufts University. Located on the university's health sciences campus in the Chinatown district of Boston, Massachusetts, the medical school has clinical affiliations with thousands of doctors and . Dr. Kaitin is an internationally recognized expert on the science of drug development. He publishes extensively on the factors that contribute to the slow pace and high cost of pharmaceutical research and development and the impact of regulatory and legislative initiatives to speed new drug development and review. He has testified in Congress on drug development issues and is frequently quoted in the business and trade press on trends in the research-based pharmaceutical industry. Dr. Kaitin is a former president of the Drug Information Association and editor-in-chief of the Drug Information Journal. He earned a B.S. from Cornell University Cornell University, mainly at Ithaca, N.Y.; with land-grant, state, and private support; coeducational; chartered 1865, opened 1868. It was named for Ezra Cornell, who donated $500,000 and a tract of land. With the help of state senator Andrew D. and an M.S. and Ph.D. in pharmacology from the University of Rochester The University of Rochester (UR) is a private, coeducational and nonsectarian research university located in Rochester, New York. The university is one of 62 elected members of the Association of American Universities. . Dr. Kaitin is also a member of the board of directors of Curis, Inc., a drug development company. Dr. Kaitin is replacing former board member Dr. Eve Slater, who left the Phase Forward board effective August 1, 2007. Dr. Slater accepted a senior management position at Pfizer Inc., which required that she relinquish all of her directorships. "Phase Forward is recognized in the industry as a market leader and a company with a proven track record of executing against its strategy," said Dr. Kaitin. "I look forward to helping Phase Forward as it aggressively pursues its mission of helping life sciences companies bring needed products to market faster and more safely." About Phase Forward Phase Forward is a leading provider of integrated data management solutions for clinical trials and drug safety. The company offers proven solutions for electronic data capture (InForm[TM]), clinical data management (Clintrial[TM]), clinical trials signal detection (CTSD CTSD Crew and Thermal Systems Division CTSD Certified Trading System Developer CTSD Computer Test Sequences Document (NASA) CTSD Coordinate Transformation System (NASA) CTSD Combat Training Support Directorate [TM]), strategic pharmacovigilance (WebVDME[TM] and Signal Management), adverse event reporting (Clintrace[TM]) and applied data standards (WebSDM[TM]). In addition, the company provides services in the areas of application implementation, hosting and validation, data integration, business process optimization Process optimization is the practice of making changes or adjustments to a process, to get results. Optimization is the use of specific techniques to determine the most cost effective and efficient solution to a problem or design for a process. , safety data management and industry standards. 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 250 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 Quintiles Transnational Corp. is a contract research organization which serves the pharmaceutical, biotechnology and healthcare industries. History Quintiles was founded in 1982 by Dennis Gillings and as of 2007 it has 18,000 employees. , sanofi-aventis, Schering-Plough Research Institute, Servier, Tibotec and the U.K. Medicines and Healthcare Products Regulatory Agency The Medicines and Healthcare products Regulatory Agency (MHRA) is the UK government agency which is responsible for ensuring that medicines and medical devices work and are acceptably safe. . 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. This press release contains express or implied forward-looking statements relating to, among other things, Phase Forward's expectations concerning its personnel, membership of its Board of Directors and its business outlook. 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, the ability of Phase Forward to attract and retain skilled personnel and qualified candidates for its Board of Directors. 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 Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . |
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