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Corporate Info: Press Room: Archives

RADIANT RESEARCH ANNOUNCES THE ACQUISITION OF METROPLEX CLINICAL RESEARCH CENTER, DALLAS, TEXAS

July 22, 1999

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