Medidata Solutions Ramps Up with Contracting Module

Jan 24, 2011 (Close-Up Media via COMTEX) -- Medidata Solutions, a provider of SaaS-based clinical development solutions, extended the Grants Manager web-based budgeting application with a new Contracting module.

According to a release, trial managers will also be able to monitor site negotiation status by study, site or across the portfolio in real-time, bringing unprecedented visibility to the process of site recruitment.

The new Contracting module provides a natural extension to the budgeting process by offering negotiating, reporting and management of contracting in an integrated, online environment.

"Grants Manager Contracting represents a significant opportunity to accelerate site recruitment by automating the arduous and manual back-and-forth between sponsors and sites during the clinical trial budget negotiation process, allowing sponsors to move seamlessly from planned budget to finalized site costs in less time," said Lori Shields, vice president of Medidata's Data Operations. "In managing to the overall budget, sponsors have been enthused with the visibility to real-time site negotiation data, including signaling the need for intervention if negotiations begin slipping against the project timetable or forecasted budget."

Medidata Solutions is a provider of SaaS-based clinical development solutions.