Clinical technology company ClinPhone adds to its portfolio of clinical trial management services with its first software product following the acquisition of US company TrialTrac
Clinical technology company ClinPhone has added to its portfolio of clinical trial management services with its first licensable software product following the acquisition of US company TrialTrac.
ClinPhone has purchased TrialTrac and its TrialWorks system, an advanced clinical and regulatory data tracking software, which has gained a strong reputation among small and medium-sized biotech and pharma companies, primarily in the United States.
TrialTrac's vice president of business development, Larry Linsey, commented: "TrialWorks is a 21 CFR 11 compliant, customisable, easy to use, richly featured clinical trials management software system.
"Even though we're a small company, our software has been implemented by more companies in the past four years than that of any of our competitors.
"We're thrilled to have ClinPhone support the product with its considerable resources, marketing skills and clinical trial expertise.
"This is great news for our current clients as well as for any company that is considering adopting clinical trials management software".
The only operational changes are a relocation of staff from the Brooklyn NY office of TrialTrac to ClinPhone's US headquarters in Princeton NJ.
ClinPhone now plans to put the weight of its research and development team behind development of the software to provide new and existing clients with a range of additional features.
ClinPhone's global presence will also help expand TrialWorks's European client base.
ClinPhone's current portfolio of clinical trial management solutions can be fully integrated with existing commercial CTMS software packages, and it will continue to offer its clients this flexibility. "TrialWorks is a proven user-friendly CTMS software package and a pragmatic solution for many companies," explained ClinPhone joint managing director Jonathan Engler.
"The beauty of ClinPhone's service-orientated systems is that we can integrate with any CTMS software package, whether it is an in-house system or a tailored version of commercially available software.
"Offering that versatility is a fundamental part of our long-term philosophy but we also have strategic plans to offer software solutions alongside our service-based technologies.
"This purchase represents a significant step towards executing that strategy."
