-- Will Provide Enterprise-Wide Control for Clinical Supply Planning and Manufacturing --
NEWTOWN, Pa.--(BUSINESS WIRE)-- BioClinica®, Inc., (NASDAQ: BIOC), a global provider of clinical trial management solutions, has signed a technology agreement with Millennium: The Takeda Oncology Company, (Millennium) a leading biopharmaceutical company. This agreement makes Millennium the first customer for BioClinica’s new Enterprise Demand Aggregator (“EDA”) product offering. As part of the agreement BioClinica and Millennium will work in partnership to speed the release of the product which will advance Millennium’s clinical trial supply planning across all their global clinical trials.
Millennium has been using BioClinica Optimizer since 2007 to improve their ability to forecast clinical trial supplies and simulate their studies’ requirements, resulting in greater efficiencies and cost benefits. “As we now want to improve and standardize our clinical supply forecasting and management across multiple trials with greater control than ever before, BioClinica’s Enterprise Demand Aggregator application is a great addition for us,” said Paul Skerker, Ph.D., Senior Director of Investigational Supply Operations for Millennium.
BioClinica’s EDA will collect planning information from all of Millennium’s Optimizer-simulated protocols in a central repository and provide an enterprise-wide view of the demand over time.
“BioClinica is introducing another eClinical offering which we anticipate will become an industry standard. We believe our rapidly expanding clinical and supply chain solutions are individually best-in-class, and the integration of our product offerings drive benefits unmatched in the industry,” said Peter Benton, President of eClinical Solutions for BioClinica. “The pharmaceutical industry relies on technology innovation to drive necessary efficiencies. This partnership demonstrates Millennium’s commitment to innovate while also validating the benefits that BioClinica’s Optimizer technology provides.”
Enterprise Demand Aggregator features will extend the capabilities of BioClinica Optimizer, including:
- Macro level forecasts for studies in the early planning stages
- Clinical supplies forecasts per study or program
- Analysis of full enterprise demand against capacity
- The ability to run “what if’s” scenarios over time, and
- Integration with other supply chain systems (MRP, ERP)
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About Millennium
Millennium: The Takeda Oncology Company, a leading biopharmaceutical company based in Cambridge, Mass., markets VELCADE, a first-in-class proteasome inhibitor, and has a robust clinical development pipeline of product candidates. Millennium Pharmaceuticals, Inc. was acquired by Takeda Pharmaceutical Company Ltd. in May, 2008. The Company’s research, development and commercialization activities are focused in oncology. Additional information about Millennium is available through its website, www.millennium.com.
About BioClinica
BioClinica, Inc. is a leading global provider of integrated, technology-enhanced clinical trial management solutions. BioClinica supports pharmaceutical and medical device innovation with imaging core lab, internet image transport, electronic data capture, interactive voice and web response, clinical trial management and clinical supply chain design and optimization solutions. BioClinica services maximize efficiency and manageability throughout all phases of the clinical trial process. With over 20 years of experience and more than 2,000 successful trials to date, BioClinica has supported the clinical development of many new medicines from early phase trials through final approval. BioClinica operates state-of-the-art, regulatory-body-compliant imaging core labs on two continents, and supports worldwide eClinical and data management services from offices in the United States, Europe and Asia. For more information, please visit www.bioclinica.com.
Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company’s statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the consummation and the successful integration of current and proposed acquisitions, the timing of projects due to the variability in size, scope and duration of projects, estimates and guidance made by management with respect to the Company’s financial results, backlog, critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company’s control. The factors discussed herein and expressed from time to time in the Company’s filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstance. You should review the Company’s filings, especially risk factors contained in the Form 10-K and the recent Form 10-Q.
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BioClinica, Inc.
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KEYWORDS: United States North America Pennsylvania
INDUSTRY KEYWORDS: Technology Data Management Electronic Design Automation Software Health Biotechnology Oncology Pharmaceutical Other Health
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