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Corporate Info: Press Room: Archives

CLINICAL RESEARCHNET, INC. ANNOUNCES ACQUISITION



August 27, 1998

KIRKLAND, WASHINGTON - August 27, 1998 - Radiant Research announces the acquisition of the Mary L. Wilson Clinical Research Center in Phoenix, Arizona. The Mary L. Wilson Clinical Research Center is led by Marshall B. Block, M.D., a leading authority in endocrinology, diabetes, and metabolic diseases.

The Mary L. Wilson Center began performing clinical studies in the 1970s, and has been building patient and sponsor databases since that time. "Dr. Block's extensive clinical study experience in diabetes, osteoporosis, obesity, and other metabolic diseases is a perfect match with our other seven dedicated, multi-specialty sites," commented Clinical reSearchNet, Inc.'s CEO Michael K. Lester. "The Company is continuing to focus on high quality, high performance sites with proven track records. The Mary L. Wilson Clinic certainly meets this qualification. We feel very lucky to have Dr. Block on our team."

"The premier site management organization in the next century will need sophisticated information systems and successful patient enrollment methods that can only be accomplished by an organization that has significant human and capital resources," said Dr. Block. "Clinical reSearchNet, Inc. fits that bill. Hence we are pleased to join other reputable researchers who share this same vision."

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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