Phoenix Data Systems Contractual Backlog Exceeds $22 Million
King of Prussia, PA (PRWEB) June 13, 2007 -- Phoenix Data Systems (PDS) announces that its contractual backlog has exceeded the $20 million milestone in its steady growth as a key electronic clinical data services provider. As of today, the PDS business backlog figure surpassed $22.11 million. This backlog is composed of contractual commitments spanning the entire clinical trial life cycle. PDS is currently supporting 15 new pivotal Phase III studies for 9 clients among the 74 projects that it has started in this calendar year.
In addition to their accelerating revenue, PDS has experienced significant client growth. Thirteen new clients have selected PDS in the first five months of 2007. New project bookings through May 2007 total more than $11.7 million and client commitments currently extend through 2011. Complementing impressive client growth, the company's focus on expanded relationships with contract research organizations (CROs) also continues to gain momentum.
"The growth of PDS has been remarkable over the last several years and particularly over the last two years," said William Claypool, M.D., the company's CEO. "Our full service electronic data capture offering has been received warmly, particularly by mid-sized pharmaceutical and biotech companies, and it opens up many opportunities for integrated interactive voice response (IVR) and electronic data management in addition to our core EDC product. Our combined clinical experience and technical capabilities allow us to meet the demands of our clients, while maintaining quality, speed, and a competitive business model."
Jonathan Andrus, PDS' vice-president of data management & regulatory operations, also Vice Chair of the Society for Clinical Data Management, adds, "The ability to perform data management with the PDS Express™ tools vastly improves the entire process from data capture to data base lock. PDS' data management staff provides the ultimate combination of cutting edge technology and clinical domain experience. We are able to fulfill our clients' need for speed, cost efficiency, and transparency in their outsourcing."
About Phoenix Data Systems
Phoenix Data Systems, Inc. (PDS) is a leading eClinical technology provider, offering Full Service EDC, a unique combination of electronic data capture, interactive voice response, and clinical data management services. Full Service EDC provides clinical data managers with optimal control to run well-managed studies. More information is available at www.phoenixdatasystems.net.
CONTACT:
Jim Dorsey
Phoenix Data Systems
498-928-6048
Laura Van De Pette
Reverb--DBC
215-957-0300 x224
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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