New Clinic in Miami Extends inVentiv Health Phase I Services to the U.S.
Tuesday, January 12, 2016
New Clinic in Miami Extends inVentiv Health Phase I Services to the U.S.
Offers Increased Access to Broad Volunteer Demographics and Patient-Centric Recruitment to Drive Acceleration of Client Therapies to Market
MIAMI, Jan. 12, 2016 /PRNewswire/ -- inVentiv Health, a top-tier professional services organization that accelerates the clinical and commercial success of biopharmaceutical companies worldwide, today marked the official opening of its new Phase I clinic in the United States, located at the University of Miami Life Science and Technology Park.
Biopharmaceutical industry professionals and South Florida business and community leaders were onsite to celebrate the opening of the 44-bed clinic that will help expedite the critical progression to Proof of Concept (PoC) for pharmaceutical and biotech clients seeking broad patient and participant demographics. The services provided at this facility will complement the Phase I through Phase IV clinical capabilities offered at the company's existing bioanalytical labs and will draw on the company's deep commercial insights to design trials for success in today's value-driven environment.
"The Miami clinic is purpose-built to optimize trials for clients from the start," said Michael McKelvey, Ph.D., President, inVentiv Health Clinical Division and Executive Vice President, inVentiv Health. "Everything – from the location, to the pioneering processes we will use to enroll patients, to the ability to inject market access knowledge into the design strategy from the earliest phases of development – is intended to help clients improve trial execution, speed time to market and reduce development costs."
Clients will benefit from inVentiv Health's patient-centric approach to clinical trial enrollment, including the use of the pioneering Mytrus Enroll® eConsent technology, a more efficient way of managing the informed consent process that allows trial volunteers to make better-informed decisions. Other services offered from the company's continuum of clinical services include novel and targeted patient identification, recruitment and engagement capabilities and strategic partnering and asset value optimization insights.
Riaz Bandali, President of Early Stage for inVentiv Health, said the vibrant, urban Life Science and Technology Park is an optimal location for the new Phase I clinic. "Miami offers a large and diverse patient population, targeting a demographic our clients need and is a gateway to Latin America. The collaboration among Florida's business, education and life sciences industries will enable unique opportunities to design better solutions for our clients."
The Miami clinic will facilitate patient, special populations and normal healthy volunteer access to research for clients focused on complex studies, including first-in-human Phase I, Phase I-in-patient and other multifaceted Phase I trials such as drug-drug interaction, biosimilar, first-to-file and 505b2 trials.
About inVentiv Health
inVentiv Health is a top-tier professional services organization that accelerates the clinical and commercial success of biopharmaceutical companies worldwide. Our combined Clinical Research Organization (CRO) and Contract Commercial Organization (CCO) help clients improve their performance to deliver much-needed therapies to market. With 14,000 employees providing services to clients in 70 countries, inVentiv Health designs best practices, processes and systems to enable clients to successfully navigate an increasingly complex environment. inVentiv Health, Inc. is privately owned by inVentiv Group Holdings, Inc., an organization sponsored by affiliates of Thomas H. Lee Partners, L.P., Liberty Lane Partners and members of the inVentiv Health management team. For more information, visit inVentivHealth.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause our performance to differ materially. These forward-looking statements reflect our current views about future events and are subject to risks, uncertainties and assumptions. We wish to caution readers that certain important factors may have affected and could in the future affect our actual results and could cause actual results to differ significantly from those expressed in any forward-looking statement. Such factors include, without limitation: the impact of our substantial level of indebtedness on our ability to generate sufficient cash to fulfill our obligations under our existing debt instruments or our ability to incur additional indebtedness; the impact of customer project delays, cancellations and terminations and our ability to sufficiently increase our revenues and manage expenses and capital expenditures to permit us to fund our operations; the impact of any future acquisitions; the impact of any change in our current credit ratings or the ratings of our debt securities on our relationships with customers, vendors and other third parties; the impact of any additional leverage we may incur on our ratings and the ratings of our debt securities; our ability to continue to comply with the covenants and terms of our debt instruments and to access sufficient capital under our credit agreement or from other sources of debt or equity financing to fund our operations; the impact of any default by any of our credit providers; our ability to accurately forecast costs to be incurred in providing services under fixed price contracts; our ability to accurately forecast insurance claims within our self-insured programs; the potential impact on pharmaceutical manufacturers, including pricing pressures, from healthcare reform initiatives or from changes in the reimbursement policies of third-party payers; our ability to grow our existing client relationships, obtain new clients and cross-sell our services; the potential impact of financial, economic, political and other risks, including interest rate and exchange rate risks, related to conducting business internationally; our ability to successfully operate new lines of business; our ability to manage our infrastructure and resources to support our growth, including through outsourced service providers; our ability to successfully identify new businesses to acquire, conclude acquisition negotiations and integrate the acquired businesses into our operations, and achieve the resulting synergies; any disruptions, impairments, or malfunctions affecting software as well as excessive costs or delays that may adversely impact our continued investment in and development of software; the potential impact of government regulation on us and on our clients; our ability to comply with all applicable laws as well as our ability to successfully adapt to any changes in applicable laws on a timely and cost effective basis; our ability to recruit, motivate and retain qualified personnel; the impact of impairment of goodwill and intangible assets and the factors leading to such impairments; consolidation in the pharmaceutical industry; changes in trends in the healthcare and pharmaceutical industries or in pharmaceutical outsourcing, including initiatives by our clients to perform services we offer internally; our ability to convert backlog into revenue; the potential liability associated with injury to clinical trial participants; the impact of the adoption of certain accounting standards; and our ability to maintain technological advantages in a variety of functional areas, including sales force automation, electronic claims surveillance and patient compliance. Holders of our debt instruments are referred to reports provided to investors from time to time and the offering memoranda provided in connection with the issuance of our notes for further discussion of these risks and other factors.
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SOURCE inVentiv Health, Inc.