This acquisition will enable WCG to expedite clinical research contract and budget negotiations, and facilitate investigator payments
PRINCETON, N.J., Mar. 9, 2016 – WIRB-Copernicus Group® (WCG™), one of the world's leading providers of solutions that measurably improve the quality and efficiency of clinical research, today announced that Clintrax Global has joined its family of companies. Founded by former biopharmaceutical and clinical research organization (CRO) attorneys, Clintrax Global provides outsourced services for negotiating clinical trial-related contracts and budgets between biopharmaceutical companies, CROs and investigator sites around the world. Clintrax Global also manages, executes, and tracks payments between these global clinical trial participants.
"WCG's solutions help biopharmaceutical companies reduce the time, cost and risks associated with bringing new therapies to market, while assuring the highest quality of human subject protection," commented WCG Chairman and Chief Executive Officer (CEO) Donald A. Deieso, PhD. "Our biopharmaceutical and institutional clients continue to cite – among the top impediments to clinical trial activation – the delays associated with negotiating study budgets and contracts. By adding Clintrax Global to the WCG family of companies, we can now offer them a more comprehensive and integrated suite of study start-up solutions."
Since its inception, Clintrax Global has accelerated hundreds of clinical trials conducted in more than 65 countries. Comprised of a team of more than 60 attorneys located around the world, Clintrax Global's experts possess specialized and in-depth knowledge of local languages and regulations, and have established relationships with the leading clinical research sites in those countries.
In addition to an expert team, Clintrax Global has developed an efficient technology-driven process which enables the expedited management of negotiations. As a result, the amount of time devoted to the negotiating process – from start to finish – is significantly reduced.
"Our team is excited to join the WCG family, and to become part of a dedicated organization that works tirelessly to create a more efficient way to conduct clinical trials," said Clintrax Global CEO Brandon Evans. "We are confident that – as part of the WCG family – we will have the opportunity to impact global health on an even greater scale."
Clintrax Global will continue to operate as an independent company and its headquarters will remain in Raleigh, NC.
Financial details about the transaction were not disclosed.
About Clintrax Global
Clintrax Global, Inc. is a Raleigh-based company specializing in global clinical trial contract negotiation and investigator payments. The company acts as a functional service provider for pharmaceutical/biotechnology companies and CROs during the process of drug development. Clintrax provides these clients with worldwide contract negotiation and payments services to clinical trial sites including small clinics, large hospitals, and multicenter academic institutions in over 60 countries. For more information, please visitclintraxglobal.com.
About WIRB-Copernicus Group
WIRB-Copernicus Group (WCG) is one of the world's leading providers of solutions that measurably improve the quality and efficiency of clinical research. The industry's first Clinical Services Organization (CSO), WCG enables biopharmaceutical companies, contract research organizations and institutions to speed the delivery of new treatments and therapies to patients, while maintaining the highest standards of human subject protections.
WCG solutions include contract and budget negotiation, study start-up acceleration, regulatory and ethical review services, oversight of research involving gene therapy, and lab safety consulting. Powered by a suite of proprietary technologies, WCG solutions help clients to increase regulatory compliance and support the digital management of clinical trials. For more information, please visitwww.wcgclinical.com or follow us on Twitter @WCGClinical.