- Phase Forward
company_name = Phase Forward Incorporated
company_type = Public (nasdaq|PFWD)
company_slogan = Mis-Information driven
Massachusetts, USA ( 1997)
Waltham, Massachusetts, USA
key_people = Robert (Bob) K. Weiler, CEO
Paul A. Bleicher,
Chairman and Founder
num_employees = 409 (2005)
[http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=4085860&format=PDF 2005 Annual Report] ]
industry = Data Management for Pharmaceutical
Clinical Trialsand Pharmacovigilance
products = InForm for EDC
Clintrial for CDM
revenue = profit$87.07 million USD (2006)
net_income = profit $3.34 million USD (2006)
homepage = [http://www.phaseforward.com/ www.phaseforward.com]
Phase Forward Incorporated (nasdaq|PFWD), founded in
1997is a Massachusetts company that develops data management systems for the pharmaceutical industryfor clinical trialsand for pharmacovigilance(drug safety monitoring).
Robert (Bob) K. Weiler has served as President and CEO since
2002[ [http://www.phaseforward.com/news/pr/2002/020903.htm Weiler Press Release] ] . Weiler succeeded company founder Paul Bleicherwho had held the role on an interim basis since earlier in the year. Previously Shiv Tasker had been President and CEO since early in 1998. Bleicher, as founder, had previously held this role from the company's inception until Tasker was appointed.
Phase Forward was founded based on the inspiration of Paul Bleicher who had been applying internet technology to clinical trials since the early 1990s. Bleicher had founded and moderated the clinical trials
email list, which was an early discussion forum on the topic of clinical trials. At its peak, the forum had more than 5,000 subscribers. Before founding Phase Forward, Bleicher had earned an M.D. Ph.D. and had experience as a principal investigator, an executive at Parexel(a contract research organization), and Vice President of Clinical affairs at Alpha-Beta Technology. In the latter two roles, Bleicher had gained experience in designing and running clinical trials. He also had learned that the existing paper-based systems were flawed and slow.
Bleicher started thinking about his ideas for using new internet
web browsertechnology for collecting clinical trial data in 1996. He started to discuss this with his friend Richard Dale, who had previously been an executive at Vermeer Technologies (the company that created Frontpage), which had been acquired by Microsoft. Dale had a technical and information systems background, and had also been involved in the founding and early days of other startups. Together, they worked on a business plan, which was eventually funded by Atlas Ventureand Northbridge Venture Partnersin November 1997.
Phase Forward's initial product was InForm. It's used to collect data over the internet relating to the conduct, management and progress of clinical trials. Most of the data collected relate directly to the medical observations of patients who are enrolled in the trial.
In 2001, Phase Forward acquired Provenda Biometrics [ [http://www.phaseforward.com/news/pr/2001/010319.htm Press Release] ] , a company with electronic patient diary technology that allowed patients to record data into handheld computers for inclusion into the main database relating to a clinical trial. Also in 2001, Phase Forward acquired Clinsoft Corporation [ [http://www.phaseforward.com/news/pr/2001/010814.htm Press Release] ] (formerly Domain Pharma Corporation). Clinsoft's products included Clintrial, the leading clinical database system (for collecting and managing data from all of a company's clinical trials) and Clintrace, a system for tracking safety related data for pharmaceutical drugs.
In July 2004, Phase Forward ran a
initial public offering, led by Thomas Weisel Partners, Piper Jaffray, and Raymond James & Associates [ [http://www.phaseforward.com/news/pr/2004/040715.htm Press Release] ] . Subsequently, Phase Forward acquired Lincoln Technologies [ [http://www.phaseforward.com/news/pr/2005/050816.htm Press Release] ] .
* [http://www.phaseforward.com Phase Forward corporate website]
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