MORRISVILLE,etrials increased revenues by nearly 60 percent in the fourth quarter of 2004 when compared to 2003 figures, and the privately held company finished the year in the black.
Etrials, a provider of “eClinical” software services for clinical trials, said it added 17 new client companies as customers in 2004. The firm said it is now involved in more than 90 trials with clients such as Quintiles Transnational and Cato Research.
Etrials did not disclose specific financial details but did say the use of its electronic patient diary deployments increased by 600 percent last year.
“We have continued to grow with a profitable year including new partnerships with companies like Quintiles and Cato Research and have maintained rapid product development based on the ever-evolving needs of our clients – all evidence that our clients continue to see a strategic advantage by selecting a provider that offers multiple technologies as an easy-to-use, fully integrated package,” said John Cline, chief executive officer of etrials.
“With this increase in demand for multi-technology trials we will continue to add to our product offerings with new tools like an integrated clinical trial management system and new functionalities and features for current tools,” he added.