KIRKLAND, WASHINGTON - August 19, 1999 - Radiant Research, a leading Site
Management Organization (SMO), announced today that it has completed the
acquisition of Metroplex Clinical Research Center (MCRC)-a premier
clinical research facility in Dallas, Texas. The research facility is
directed by Roy Fleischmann, M.D. and Stanley Cohen, M.D. Both Drs.
Fleischmann and Cohen are board certified in internal medicine and
rheumatology.
Metroplex Clinical Research Center has conducted over 400 clinical
trials in a variety of therapeutic categories. Roy Fleischmann, M.D. and
Stanley Cohen, M.D. are among the country's leading researchers in women's
health, rheumatology, osteoporosis and gastroenterology. They each have
over 15 years of research experience and have published extensively in
professional journals.
"The on-going consolidation of the clinical trials industry has
prompted us to seek a strong strategic partner, with an established
position as a market leader," said Stanley Cohen, M.D., Co-Medical
Director of MCRC. "We see Radiant Research as such a partner, who
will be able to successfully facilitate our site's integration into a
progressive organization."
"This alliance presents us with the unique opportunity and
resources to grow our site, diversify into additional therapeutic
specialties, and establish additional research facilities in the
Dallas-Fort Worth metropolitan area," stated Roy Fleischmann,
Co-Medical Director of MCRC. "
"We are very pleased to welcome Drs. Fleischmann and Cohen to the
Radiant Research team," said Michael Lester, President and CEO of
Radiant Research. "The addition of MCRC to our company continues to
demonstrate our commitment to building a company of leading clinical
investigative sites and nationally recognized principal investigators with
a proven track record of high performance. At the same time, MCRC's wide
array of therapeutic specialties is a tremendous asset."
Michael Lester further stated, "Radiant Research is moving quickly
toward its strategic goal. Our most recent acquisitions bring Radiant to
the very top of the clinical trials industry not only in terms of research
quality but also in terms of revenue. We will continue to pursue our
course of expansion through acquisitions of established sites, development
of greenfield sites, and same site growth, while maintaining the high
standard of quality and performance which is our most significant core
value."
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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: |
|
Michael K. Lester
Chief Executive Officer
RADIANT RESEARCH
(425) 468-6200 |
Pamela M. Spaniac
Chief Financial Officer
RADIANT RESEARCH
(425) 468-6200 |