Contact: Paul Surdez
(Media)
609-452-4807
www.covance.com
NEXIGENT
JOINS TOP PHARMACEUTICAL AND TECHNOLOGY COMPANIES
TO DEVELOP STANDARDS FOR CLINICAL TRIALS DATA
Nexigent
Named As Corporate Sponsor of Clinical Data
Interchange Standards Consortium
April
30, 2001 - Princeton,
New Jersey - Nexigent Inc., a wholly-owned
subsidiary of Covance Inc.(NYSE: CVD), announces
its participation in the Clinical Data Interchange
Standards Consortium(CDISC). CDISC is a non-profit
organization with a mission to lead the development
of industry standards to support the electronic
acquisition, exchange, submission, and archiving
of clinical trials data and metadata for medical
and biopharmaceutical product development. A
key goal of the consortium is to leverage these
standards to improve data quality and decrease
drug development time and cost. As a full Corporate
Sponsor, Nexigent will be involved in CDISC
working groups andprovide funding for CDISC
activities.
Nexigent provides technology-enabled
services to accelerate and improve the drug
development process. Nexigent is currently working
with Covance's Central Laboratory, the world's
largest laboratory dedicated to clinical trials,
to accelerate the availability of clinical lab
data for pharmaceutical customers by leveraging
Nexigent's systems and internet portal. Augmenting
its role as a corporate sponsor, members of
the Nexigent technical team will provide additional
services to CDISC by lending their significant
experience in clinical lab data management and
technology expertise to help the CDISC Lab Team
document their models and lab processes.
Commenting on the CDISC relationship,
Jeffrey Langan, CEO of Nexigent said, "As
our industry moves towards using technology-enabled
tools to improve the efficiency and quality
of clinical trials data, we welcome the opportunity
to work with our industry colleagues to further
develop global standards to streamline the drug
development process."
"CDISC is pleased to
add Nexigent to our roster of corporate sponsors,"
said Rebecca Kush, Founder and President of
CDISC. "We look forward to working with
Nexigent on a variety of CDSIC activities."
Nexigent facilitates interactions
among pharmaceutical companies, investigators,
and contract research organizations for more
effective and efficient clinical trial management.
Nexigent offers flexible, integrated technology
service solutions to help customers bring new
therapies to market more quickly and at lower
costs.
Nexigent was formed by Covance
Inc. in October of 2000 as a new business with
an industry-wide vision to e-enable clinical
trial development. Building on the strengths
of Covance's position as a leader in the drug
development industry, Nexigent's expertise and
in-depth knowledge of drug development can provide
customers with tools to compete effectively
in the marketplace. Nexigent has a global presence
with more than 100 employees in three locations
- Maidenhead, United Kingdom, Princeton, New
Jersey and Indianapolis, Indiana, USA.
Covance, with headquarters
in Princeton, New Jersey, is one of the world's
largest and most comprehensive drug development
services companies with 2000 revenues of $868
million, operations currently in 17 countries,
and approximately 7,500 employees worldwide.
Information on Covance's products and services,
recent press releases, and SEC filings can be
obtained through our website at: www.covance.com.
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