ClearTrial Announces GA Date for its web-based Clinical Trial Budgeting and Resource Planning Software

Scottsdale, AZ — September 19, 2006 . At the IIR Cost and Contract Management Conference at the Millennium Resort today, ClearTrial unveiled version 2.0 of its flagship Clinical Trial Operations Planning (CTOP) and Outsourcing software, and announced the General Availability date of November 13, 2006 for ClearTrial® Plan and ClearTrial® Source version 2.0.

ClearTrial version 2.0 is a major new release of the company’s highly acclaimed software suite that helps life sciences firms and clinical research organizations (CROs) gain operational efficiencies in their clinical trials, and accelerate their clinical resource planning, study budgeting and outsourcing processes.

ClearTrial version 2.0 is a dramatic step-up not only for our software and our customers, but for the industry, said Michael Soenen, Managing Partner and Chief Operating Officer at ClearTrial. ClearTrial is the first software of its kind to provide true support for multiple clinical development strategies and outsourcing models, like Functional Service Providers and collaborative clinical planning in the same package.

New Features and Functions in ClearTrial version 2.0
ClearTrial® version 2.0 includes many functional improvements that allow clinical professionals to assess multiple development scenarios quickly, and select the one that best meets their business goals. ClearTrial version 2.0

  • Supports multiple outsourcing strategies including Functional Service Providers (FSP), full-service outsourcing, hybrid studies, as well as studies conducted internally by the sponsor
  • Allows assignment of study responsibilities to multiple service providers, by function or by country
  • A web-based dashboard view provides immediate visibility to study metrics, milestone/cycle-time dates, costs, and FTE/resource requirements as study assumptions change
  • A globally accessible database for your standard operating practices, study budgets, clinical operations plans, and RFP documents
  • Facilitates collaborative planning between departments, business units, strategic partners, or service providers via its native, web-based architecture
  • Improved study budget accuracy for monitoring cost and project management FTE requirements for global studies
  • Ability to estimate sponsor FTE requirements and costs for time required to oversee and manage service providers
  • Customizable study templates to pre-configure clinical operating practices
  • Calculates up to 30 pass through costs automatically and allows user to adjust calculated costs
  • Acts as a central repository for pre-negotiated vendor billing rates and uses these rates to improve the accuracy of study budgets that the software generates

We are fortunate to have such bright, experienced customers who are proactively seeking new ways to survive the immense pressure and change that the biopharmaceutical industry is weathering today, said Michael Soenen. We listen intently to our customers and have incorporated their great feedback into ClearTrial® version 2.0.

Technical Architecture of 2.0
Rewritten from the ground-up, ClearTrial® version 2.0 is a J2EE-compliant, native web-based application that provides biopharmaceutical companies and Contract Research Organizations (CROs) a globally accessible clinical planning and outsourcing system. Because it runs as a hosted application, ClearTrial customers can save significant IT infrastructure costs, and require only a web browser to access the system. For larger organizations, ClearTrial can also be deployed behind their firewall. The software runs over an Oracle database and uses Web 2.0 technologies like AJAX to provide the ease-of-use and clinical intelligence that are uniquely characteristic of the ClearTrial software.

About ClearTrial®
ClearTrial is a leading provider of clinical trial software for clinical operations planning, budgeting, and outsourcing. ClearTrial's software helps pharmaceutical, biotechnology, medical device companies and CROs expedite the clinical development process without sacrificing quality of results. The company's software products support clinical operations, resource planning, and outsourcing departments with a single solution that promotes speed and consistency, while maintaining flexibility to handle different study requirements. For more information please visit www.cleartrial.com.

ClearTrial®, ClearTrial® Plan, and the ClearTrial logo are registered trademarks owned by ClearTrial, LLC, which may be registered in certain jurisdictions. Other product names mentioned in this release are hereby acknowledged as registered trademarks of their respective owners.