BELLEVUE, WASHINGTON - Radiant Research Inc. today announced that the Company completed 2003 with record revenues of $73.5 million. "We successfully integrated the acquisition of Protocare Trials in 2003 and look forward to significant growth in 2004 as we expand our early phase clinical research capabilities," stated Michael Lester, chief executive officer of Radiant Research. "Sponsors are increasing activity in Phase I and IIA following several years of strong preclinical activity. Our biopharmaceutical customers are asking us for program development, data management, data analysis and reporting services for Phase I and IIA trials in addition to our already existing Phase I and IIA study conduct services. In addition to the traditional healthy normal studies, we are seeing sponsors moving earlier into intense special patient population studies, which is a real strength for us."
In addition to its 50+ full time dedicated Phase II-IV clinical research sites, Radiant Research also owns and operates 4 existing Phase I facilities that are being expanded both physically and therapeutically. Over the course of the next 18 months, Radiant will be adding 24-36 bed Phase I and IIA capabilities at 6 of its existing Phase II-IV clinical research sites. Ultimately, the Company plans to have 10 early phase units with approximately 300 beds, each having access to special patient populations.
Pam Spaniac, chief operating officer, commented, "Our focus in early phase clinical research services is on studies that require experts in the field, pharmacodynamic measurements, special patient populations and proof of concept. Our early phase clinics are also trained and prepared to conduct normal healthy pharmacokinetic studies, interaction studies and efficacy studies."
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About Radiant Research
Based near Seattle, Washington, Radiant Research (radiantresearch.com) is a comprehensive clinical research and development company serving the biopharmaceutical and medical device industry. Radiant is comprised of more than 30 wholly-owned premier clinical research centers nationwide, employing over 500 clinical research professionals exclusively focused on providing professional, high quality study conduct and drug development services. In the past four years, Radiant has conducted more than 8,000 clinical trials across 18 therapeutic specialties.
| Contact: |
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Michael K. Lester
Chief Executive Officer
RADIANT RESEARCH
(425) 468-6200 |
Pamela M. Spaniac
Chief Financial Officer
RADIANT RESEARCH
(425) 468-6200 |