Drug Safety and Pharmacovigilance
LITTLE FALLS, NJ -- Sentrx, a leading provider of drug safety services, announced today that the company signed four new multi-year contracts in the second quarter of 2008. Combined with wins from the first quarter, Sentrx gained nine clients in the first six months of 2008.
Sentrx pioneered the concept of drug safety outsourcing for clinical trial safety monitoring, post-marketing safety surveillance, and risk management programs. The multi-year contracts initiated in the second quarter of 2008 include:
• A risk evaluation and mitigation strategy (REMS) for a biopharmaceutical company
• Post-marketing safety surveillance with managed safety system hosting for a specialty pharmaceutical company
• Clinical trial safety monitoring with managed safety system hosting for two biopharmaceutical companies
In addition to the new contracts, Sentrx was awarded a significant contract expansion from an existing large biopharmaceutical client. Sentrx will perform adverse event case processing for additional post-marketed products, doubling the volume of work in 2008.
Sentrx (http://www.sentrx.com) went live with one of the first FDA-required REMS implementations in July, meeting the client’s extremely tight timeframe for successful product launch. The Sentrx SafetyTrak® Technology Suite was configured to create a controlled distribution program, ensuring that only registered hospitals order and receive the new drug. Health care professionals in the Sentrx Safety Response Center register hospitals that wish to utilize the treatment in certain post-surgical patients.
"Our second quarter results contain more than one milestone," said Joseph Albano, Chief Executive Officer of Sentrx. "Besides supporting one of the first REMS, Sentrx will be implementing its first Empirica(tm)
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