Datatrak has posted an operating profit, grown revenues and recorded the forth consecutive quarter-on-quarter increase in backlog in its latest results.
Datatrak has added Safety Export to its eClinical suite, reducing errors, shortening timelines and cutting costs by ending reliance on paper to exchange data between sites, sponsors and regulators.
Datatrak recorded a $1.9m (€1.4m) operating loss in 2009, and revenue declined by 31 per cent, but believes measures it has taken have laid the foundation for the coming year.
Datatrak believes that to compete against the eClinical giants companies should focus on a specific niche and hopes this plan will help it post a profit after recording a small loss in Q2.
eClinical provider Datatrak has posted flat revenues in Q1 but its operating loss was badly affected by the severance packages of two executive officers.
The use of eClinical software in clinical trials is gaining in
popularity with pharmaceutical, biotechnology and contract research
organizations (CROs), as seen by the recent financial results of
two major industry providers.
Datatrak's $18m (€15m) acquisition of ClickFind fulfills the
company's strategy of offering the broadest multi-component
eClinical capability in the clinical trials market.
