Wayne, PA, June 21, 2007 --(PR.com
)-- Chairman and CEO, Jim Walker of Octagon Research Solutions, Inc., a pioneer and leader in the electronic transformation of clinical R&D in the life sciences industry, today announced the formalization of a partnership agreement between Octagon and Kestrel Consultants, Inc., of Ann Arbor, Michigan.
The partnership emerged from a joint project in which Octagon and Kestrel collaborated to provide a top biopharmaceutical company with a methodology and automating technology for managing and tracking clinical data standards throughout the clinical data lifecycle. Kestrel Consultants contributed its proprietary methodology utilizing “Data Lifecycle Plans®” while Octagon translated the business requirements for configuration and implementation of the ViewPoint® platform to automate these processes. The successful collaboration signaled the beginning of a groundbreaking approach that promises to save significant time and money through standardization and control of the data lifecycle from protocol development through clinical study reports and ultimately regulatory submissions.
Kit Howard, principal, Kestrel Consultants, noted, “The idea of tracking and managing data standards across the entire data lifecycle is new to much of the industry. Many companies see this as an ideal state but are nowhere near implementing the model. The concept of a data lifecycle plan continues to resonate with clients as they see the value of decreased study start-up times, global accessibility and quicker finalization of studies.”
Kirk Gallion, president, Octagon Research Solutions, Inc. added, “This partnership represents a very solid working relationship with Kestrel. We feel that ViewPoint is the ideal solution to automate the data standards framework that is applicable to any competitive pharmaceutical company. Emerging data standards such as CDISC SDTM make this approach even more valuable in a marketplace where change is constant and the value of standards management is just beginning to be appreciated for the time and cost savings it brings to the drug development process.”
The partnership agreement is being announced at the Drug Information Association’s 43rd Annual Meeting in Atlanta, GA where topics such as data standardization, process management and improving the drug development process will be at the top of many agendas.
About Octagon Research Solutions, Inc.
Octagon is a pioneer and leading process-centric solutions provider that offers a suite of regulatory, clinical, process, and IT solutions to the life sciences industry. Octagon synchronizes processes and increases automation to reduce island-to-island inefficiencies within the clinical research and development process. They leverage the power of electronic submissions through deep domain knowledge, cross-functional electronic submission expertise, a holistic process approach, and integrated solutions. Octagon is headquartered in Wayne, PA, with European headquarters in Amersham, UK. For more information please visit octagonresearch.com.
About Kestrel Consultants, Inc.
Kestrel Consultants is dedicated to helping life sciences organizations achieve their goals for efficient, high-quality, cost-effective clinical trials by providing innovative approaches to clinical data standardization. Kestrel’s concept of Data Lifecycle Plans®, enables clients to develop cross-functional standards that ensure that all data-related requirements from clinical and technical groups are identified and addressed prior to study start. This approach is founded on the belief that transparency, knowledge and communication are the keys to fast, high quality trials.