ClearTrial to Demonstrate Proven Path to Cost Savings for Biopharmaceutical Organizations at the BIO International Convention

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Customer case studies representing a total savings of over $10 million will be presented on the exhibit floor

ClearTrial (http://www.cleartrial.com), the leading provider of Clinical Trial Operations (CTO) software, today announced it will be exhibiting in the Clinical Trial Zone at the BIO International Convention, May 3-6, 2010 in Chicago, IL. The event attracts thousands of business leaders, executives, investors and industry leaders who are the drivers behind new medicines, fuels, materials, foods, and processes. ClearTrial will demonstrate how its web-based software allows customers to optimize studies to realize significant cost savings, create accurate budgets, and better position themselves in partnership deals.

Notable examples include:

  •     ClearTrial identified over 3 million dollars in cost savings for a Phase II study of a small biotech customer.
  •     ClearTrial saved a large pharmaceutical company over 4 million dollars in CRO proposal negotiations.
  •     ClearTrial identified 3.6 million dollars in cost savings for a complex Phase II Oncology study for a midsize biotech company.

With the software's embedded clinical intelligence, biopharmaceutical customers are able to quickly create clinical trial cost, resource, and timeline forecasts, more efficiently negotiate and manage outsourced studies and licensing arrangements, and easily track projects against a detailed operational plan to pinpoint cost variances, underperforming studies, and accrued liabilities.

ClearTrial is used by some of the world's leading biopharmaceutical, clinical research, and medical device organizations each day and recently announced a new Study Costing & Optimization Service (SCOS) for smaller biotech customers--a turn-key, cost-effective service that provides greater visibility and control over clinical trial costs, resources, and timelines.

ClearTrial will be demonstrating the software's capabilities in booth 2638 in the Clinical Trials Zone at the BIO International Convention, May 3-6 in Chicago, IL. The BIO International Convention is the largest global event for the biotechnology industry and attracts the leaders in biotech, offers key networking and partnering opportunities, and provides insights and inspiration on the major trends affecting the industry. For more information and to register for the conference, visit http://convention.bio.org.

About ClearTrial®
ClearTrial is a leading provider of clinical trial software for clinical operations planning, budgeting, and outsourcing. ClearTrial's award-winning software helps pharmaceutical, biotechnology, medical device companies, and CROs expedite the clinical development process without sacrificing quality of results. The company's software products support clinical operations, resource planning, and outsourcing departments with a single solution that promotes speed and consistency, while maintaining flexibility to handle different study requirements. For more information please visit http://www.cleartrial.com.

ClearTrial® and the ClearTrial logo are registered trademarks owned by ClearTrial, LLC, which may be registered in certain jurisdictions. Any other company or product names mentioned in this release are hereby acknowledged as registered trademarks or trademarks of their respective owners.

For more information contact:
Nicole Fitzmaurice
ClearTrial
+1 630.986.9800 x131
nfitzmaurice(at)cleartrial(dot)com

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Nicole Fitzmaurice
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