CRN helps solve two of the biggest clinical trial
challenges: patient recruitment and retention
WHI Capital Partners, a Chicago-based private equity firm focusing on the lower-middle market, announced today, that it has made an investment in Clinical Research Network ("CRN"), a provider of clinical trial services to pharmaceutical and biotechnology companies as well as contract research organizations ("CRO").
Incorporated in 2003, CRN's services significantly accelerate the pace of clinical trials by leveraging its growing network of home healthcare agencies with its more efficient processes and industry expertise. The company's approach dramatically improves patient recruitment, compliance and retention and increases patient and investigator satisfaction.
The demand for CRN's services have been growing rapidly due to the results the company has achieved for its customers. These results have translated into a reduction in patient recruitment time by over 50% and an increase in the patient retention rate to over 95%. The company utilizes a rigorous qualification process in bringing home healthcare agencies into its network. Currently, CRN has qualified more than 2,000 home healthcare agencies across the United States and Canada to become part of its network and will perform more than 50 trials in 2007. CRN's efforts have created substantial value by saving development time and expense versus the traditional model of conducting investigator site visits.
About Clinical Resource Network, LLC
Clinical Resource Network (www.clinicalresource.net) is a provider to biotechnology, pharmaceutical and other healthcare companies of specialized in-home and alternate site clinical services utilized primarily to expedite clinical trial studies in most therapeutic areas and age groups. CRN partners with biopharmaceutical companies and their contract research organizations to help them enhance patient recruitment, data collection and patient retention with the clinical trial process. For more information contact info@clinicalresource.net.
About WHI Capital Partners
WHI Capital Partners (www.whicapital.com) is a Chicago-based private equity firm that invests in leading niche manufacturing, value-added distribution and specialty service companies with revenues between $10 - 100 million. WHICP focuses on creating a true partnership with a company's management team with the goal of enhancing operational efficiency along with developing and executing a clearly defined growth plan to build value. Backed by the financial strength and resources of its parent firm, William Harris Investors, Inc., WHI Capital Partners provides a unique solution to help a company capitalize on its long-term opportunities.
For more information about Clinical Resource Network or WHI Capital Partners contact:
| Gail
Adinamis | Adam Schecter |
| (847) 215-0107 | (312) 621-0641 |
| info@clinicalresource.net
| adams@whicapital.com |