etrials Receives Record Commitments from CRO Strategic Partners, Adding Ten New Contracts in the Fourth Quarter.Leading CROs Choose etrials' Technology Transfer Program to Standardize Future Trials MORRISVILLE, N.C. -- etrials[R] Worldwide, Inc. (Nasdaq:ETWC ETWC Educating the Whole Child )(Nasdaq:ETWCW)(Nasdaq:ETWCU), a leading provider of eClinical software and services that optimize clinical-trial management and accelerate time-to-market, announced that it entered into ten new contracts with four separate contract research organization (CRO) clients in the fourth quarter of 2006. Of the ten contracts, seven are with pharmaceutical and biotech sponsor companies that etrials has not worked with previously. This is more than double the previous year's fourth quarter CRO wins. Two CRO clients have initiated contracts to engage in a full Technology Transfer Program with etrials solutions. A technology transfer allows full implementation of etrials software onsite at the CRO, where full design and management of the trials are conducted. The Technology Transfer Program is one of the optional services available with etrials' CRO Partnership Program that allows CROs to take advantage of the efficiencies of all of etrials' solutions. Other benefits of the CRO Partnership Program include cost reductions, complete scalability, specification and design control, efficiencies through standardization and integrated reporting and analytics. "Throughout 2006, our dedicated team has made the CRO Partnership Program a focus and this will remain an important element of our strategy going forward," said John Cline cline, in biology, any gradual change in a particular characteristic of a population of organisms from one end of the geographical range of the population to the other. , Chief Executive Officer at etrials. "Our seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with these customers makes us a strong and valued partner. As we continue to advance and differentiate our solutions in the marketplace, we feel confident that this sales channel and our work with new and existing customers will continue to grow going forward." The contracts include two Phase I, four Phase II, three Phase III Noun 1. phase III - a large clinical trial of a treatment or drug that in phase I and phase II has been shown to be efficacious with tolerable side effects; after successful conclusion of these clinical trials it will receive formal approval from the FDA trials and one Phase IV trial with up to 800 subjects and 120 sites per trial. Seven of the trials will operate in the U.S. and Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). and three will be initiated globally. Nearly all of the trials will use etrials' electronic data capture (EDC EDC See: Export Development Corp. ) technology, and the majority include a second integrated etrials product, including either a clinical trial management system (CTMS CTMS Clinical Trial Management System CTMS California Traditional Music Society CTMS Container Terminal Management System CTMS Clinical Trials Management Software CTMS Carrier Transmission Measuring System CTMS Constrained Tree Migration Scheme ), interactive voice response (IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. ) or electronic patient diary A Patient Diary is a tool used during a clinical trial or a disease treatment to measure treatment compliance. An Electronic Patient Diary registers the diary in a storage device and allows for monitoring the time the medication was taken. (eDiary) technology. For more information about the CRO Partnership Program or etrials' Technology Transfer capabilities, please contact cropartner@etrials.com. Full financials and other non-CRO contract wins will be reported in the company's quarterly report, followed by a conference call. About etrials([R]) etrials Worldwide, Inc. (Nasdaq:ETWC)(Nasdaq:ETWCW)(Nasdaq:ETWCU) a leading provider of eClinical software and services to pharmaceutical, biotechnology, medical device, and contract research organizations offers insight into all aspects of clinical trials, maximizing return on investment and accelerating time to market. With global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. , etrials is the only top tier solutions provider to offer electronic data capture (EDC), interactive voice response (IVR), electronic patient diaries (eDiaries), and a clinical trials management system (CTMS) as part of an integrated software Separate software components or applications that have been combined into one package. See integrated software package. as a service (SaaS) platform or as individual solutions to optimize clinical trials. As an experienced leader, etrials has facilitated over 900 trials involving more than 400,000 patients in 60 countries; and has participated in 33 studies used for new drug applications. Having partnered with over 100 clients, including 16 of the top 20 global pharmaceutical companies and top CROs, etrials is leading the way towards Adaptive Trials and integration between eClinical and electronic health records. To learn more visit us at www.etrials.com. etrials is registered trademark 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. of etrials Worldwide, Inc. Other marks belong to their respective owners and used with permission. Forward-Looking Statements 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. This announcement contains forward-looking statements, including statements regarding the expected number and size of clinical trials expected to be covered by a new contract. These statements involve risks and uncertainties. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, delays in the current schedule for clinical trials by the client, utilization of our software and services by clients to a lesser degree than is currently expected and early termination of the contract, all of which are possible because our contracts do not generally have minimum volume guarantees and can be terminated without penalty by clients. More information about potential factors which could cause actual results to differ from the forward looking statements included in this announcement is included in our filings with the Securities and Exchange Commission, including the "Risk Factors" Section of the Form 8-K/A filed on March 31, 2006. All forward-looking statements are based on information available to us on the date hereof, and we assume no obligation to update such statements. etwcg |
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