ClinPhone plc Reports Strong Growth with Preliminary Year End Results

Released on: April 29, 2008, 8:32 am

Press Release Author: The Scott Partnership

Industry:

Press Release Summary: (Nottingham UK, 29 April 2008). ClinPhone, the world\'s
largest Clinical Technology Organization (CTO), has announced its preliminary
results for the year ended 29 February 2008, reporting revenue growth of 15% on a
constant currency basis. Within these results there was a significant improvement in
the second half of the year compared to the first, with 60% of the Normalized Profit
resulting in the last four months of the year.

Press Release Body: Contact Information:
Charlotte Culley/Fiona Robinson
The Scott Partnership
Phone: +44 (0) 1477 539539
E-mail: clinphone@scottpr.com

Kathleen Pomykola
ClinPhone plc
Phone: +1 609 524 4242
E-mail: kpomykol@clinphone.com

ClinPhone plc Reports Strong Growth with Preliminary Year End Results

(Nottingham UK, 29 April 2008). ClinPhone, the world\'s largest Clinical Technology
Organization (CTO), has announced its preliminary results for the year ended 29
February 2008, reporting revenue growth of 15% on a constant currency basis. Within
these results there was a significant improvement in the second half of the year
compared to the first, with 60% of the Normalized Profit resulting in the last four
months of the year.

Since the operational difficulties experienced last summer, ClinPhone upgraded its
telecommunications platform and made significant investment in IT infrastructure.
These system investments have restored customer confidence, with 100% resilience
since completion, leading to an increase in activity and recovery of profitability.
In addition, Vincent Renz was appointed as Chief Operating Officer to ensure
processes and systems scale in line with the growth of the business. The recent
return of business has seen the contracted order book achieve a level of Ł52.9
million, which includes five major new wins announced post year-end.

The DataLabs business, acquired October 2006, is now fully integrated and is
contributing to the enhancement of the customer and revenue base. The total number
of customers is reported at 196 at the end of financial year 2008, compared to 159
at end of financial year 2007, with the average number of live trials growing by
18%.

ClinPhone\'s technology reduces the cost and duration of running clinical trials and
improves the accuracy, integrity and consistency of data collected. ClinPhone has a
broader product set than any other company in the market. Investment in ClinPhone\'s
product base continued with R&D representing 12% of Group revenues.

Significant progress was made in developing an integrated solution for
technology-based clinical trials. In March 2008, ClinPhone launched its combined
EDC-IVR solution. This unique integrated offering combines DataLabs by ClinPhone
(EDC) and ClinPhone Randomization, Trial Supply Management and ePRO solutions
(IVR/IWR) and enables sponsors to share data between applications while having full
visibility of the integration process.
Further enhancements have been made to Connect by ClinPhone-the Group\'s clinical
trial integration platform-which will facilitate more robust integrations between
ClinPhone\'s EDC, CTMS and other clinical technologies, as well as those of
third-party vendors.

ClinPhone\'s policy of locating sales and operating staff in offices near to their
customers is highly valued and enables smooth delivery of services.
During the year, ClinPhone opened a new office in Paris, France and will continue to
open new offices as appropriate.

Commenting on the results, Steve Kent, CEO of ClinPhone, said: \"Over the past year
the clinical trials market has continued to evolve at a rapid pace. The marketplace
remains attractive and technology adoption continues to become more widespread as
customers use it to help them speed up and improve the effectiveness of their drug
development programs. However, considerable growth opportunities remain and
ClinPhone is well positioned to capitalize on these.\"

Kent added, \"This financial year was a difficult one for ClinPhone but the Group has
emerged stronger. Following the operational difficulties experienced during the
summer 2007, we have implemented a number of changes which have restored customer
confidence, reduced our cost base and improved efficiency. We had a strong finish to
the year following the restructuring and operational improvements with 60% of
normalized profit delivered in the last four months of our financial year. Against
the backdrop of strong industry fundamentals, our trusted brand and leading
technology, I look forward to the next year with confidence.\"

For further information on ClinPhone\'s clinical trial technology solutions, please
visit www.clinphone.com, or alternatively e-mail info@clinphone.com.

About ClinPhone
ClinPhone plc is the world\'s largest Clinical Technology Organization (CTO) with an
unrivaled track record of innovation in the development of clinical trial
technology. Headquartered in Nottingham UK with offices around the world, ClinPhone
works with leading global biotechnology organizations, pharmaceutical companies and
Contract Research Organizations (CROs).

ClinPhone is the largest and most accomplished CTO with experience in over 2,000
clinical trials spanning 88 countries and 71 languages. The Company\'s experience
includes Phase I to Phase IV studies, ranging from single center studies with 20
patients to \"mega trials\" with over 40,000 patients.

ClinPhone\'s product portfolio, consisting of software and services, is backed by
continuous research and investment in the latest technologies, coupled with
extensive in-depth clinical industry experience. Its industry-leading software
solutions include electronic data capture (EDC) and clinical trial management
systems (CTMS), which can be licensed or implemented as hosted solutions. Delivered
via its renowned Interactive Voice Response (IVR) and Interactive Web Response (IWR)
platform, ClinPhone offers randomization, trial supply management, trial supply
simulation, electronic patient reported outcomes (ePRO), and patient recruitment
solutions.

ClinPhone\'s products can integrate, taking the pain out of juggling and managing
multiple sources of disparate information. This approach provides more control over
data, improves data integrity and streamlines the data validation process.

For further press information contact: Fiona Robinson, The Scott Partnership, 1
Whiteside, Station Road, Holmes Chapel, Cheshire CW4 8AA, United Kingdom Tel: + 44
1477 539539. Fax: +44 1477 539540 E:clinphone@scottpr.com

Web Site: http://

Contact Details: Contact Information:
Charlotte Culley/Fiona Robinson
The Scott Partnership
Phone: +44 (0) 1477 539539
E-mail: clinphone@scottpr.com

Kathleen Pomykola
ClinPhone plc
Phone: +1 609 524 4242
E-mail: kpomykol@clinphone.com

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