ClearTrial to Present Analysis of Clinical Study Costing Methods at Leading Industry Conference

Presentation based on findings of independent clinical operations expert

CHICAGO, IL – May 23, 2011

ClearTrial, the leading provider of software for the planning, forecasting, and tracking of clinical project and financial performance, today announced that Melinda Davis, Director, Clinical Services at ClearTrial, will present "A Comparative Analysis of Leading Clinical Study Costing Methods" at the CBI Clinical Trial Budgeting and Project Management conference in Princeton, New Jersey.  The conference attracts clinical operations, clinical finance, outsourcing, and project management professionals seeking best practices for accurately and effectively forecasting, budgeting, and managing clinical trials.

The presentation by Davis expands on the work of clinical operations expert Kenneth Wu, which examines the leading approaches sponsor companies are taking to cost clinical studies:

• bid-generated budgets
• internally developed software
• resource management software
• cost benchmarking software
• activity-based costing software

Exploring the advantages and disadvantages of these methods, the presentation will also answer questions such as: Which costing method is the most accurate?  What are the preferred methods in other industries that are facing cost constraints?  Are there methods that can generate internal as well as outsourced costs?

"We're pleased to present this important examination of clinical study costing methods, considering the severe cost pressures roiling the life sciences industry," said Andrew Grygiel, Vice President of Marketing and Product Management for ClearTrial.  "This presentation provides guidelines that can help make clinical study forecasting and budgeting faster and more accurate, while maintaining the achievability of studies."

The CBI Clinical Trial Budgeting and Project Management conference will be held May 24-25 2011 at the Hyatt Regency Princeton in Princeton, New Jersey.  For more information and to register, please visit http://www.cbinet.com/conference/PC11061.

About ClearTrial®

ClearTrial is the leading provider of Clinical Trial Operations (CTO) software, an integrated system for clinical operations planning, forecasting, outsourcing, and project tracking. ClearTrial’s award-winning software helps life sciences companies streamline their clinical operations from Plan to Payment™ without sacrificing quality of results, providing executives and functional leaders in clinical operations, resource planning, finance, outsourcing, and project management with a common platform that promotes speed, accuracy, and consistency throughout the organization. For more information 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:

Mike Lange
ClearTrial
+1 312.460.3015
mlange@cleartrial.com