Tuesday, December 21, 2010

Sunday, December 19, 2010

GEN Magazine co-sponsors roundtable discussion on novel bioremediation techniques-Part II http://ping.fm/1m1Nt

Thursday, November 4, 2010

Pressure BioSciences, Inc. Awarded $244,000 Therapeutic Discovery Grant - Yahoo! Finance http://ping.fm/Ffdyb
GEN Co-Sponsors Roundtable Discussion on Novel Bioremediation Techniques - Yahoo! Finance http://ping.fm/7N3vK

Saturday, October 9, 2010

DATATRAK International, Inc. Announces Initial Equity Research Coverage by Zacks Investment Research - Yahoo! Finance http://ping.fm/Obsaz
DATATRAK's New Services Group Awarded Consulting Contract - Yahoo! Finance http://ping.fm/DooNx
DATATRAK Hires Clinical Trial Industry Veteran, Dr. William (Bill) Gluck, to Head Clinical Services - Yahoo! Finance http://ping.fm/978by

Monday, August 2, 2010

Pharmatimes article

Check out this Pharmatimes Article regarding the eclinical industry with Parexcel's, Steve Kent and DATATRAK International's, Laurence Birch:

Wednesday, July 21, 2010

Old Fashioned Business Principles Work for DATATRAK International; an eClinical Trials Solutions Company



DATATRAK International, Inc. (DATA.PK) is a story of corporate success during one of the worst economic recessions in the history of this country. Without raising or borrowing money, DATATRAK’s Chairman of the Board and CEO, Laurence P. Birch wisely led the company back to profitability and stability with basic business principles and values:  1. Financial responsibility, 2. Experienced and dedicated professional team, 3. A fundamental shift to customer service and customer relationships first, 4. Hard work, and 5. A superior, sought-after product.

In March of 2009, armed with a rationalized business plan that included a robust investment in its technology DATATRAK welcomed Chris Wilke back to the company.  Wilke is the mastermind of DATATRAKOne™, DATATRAK’s proprietary system and the only TRULY unified clinical trial management system/software available to CROs (Clinical Research Organizations) and Sponsor companies. DATATRAK’s proprietary cloud-based system aggregates, manages and compiles FDA reporting in an “eClinical” process. Under Wilke’s leadership as CTO, DATATRAKOne™ emerged in August of 2009 with an enhanced catalog of customer-driven capabilities significantly ahead of any other competitors currently available to the clinical trials industry.

Today, DATATRAK’s Sponsor Company and CRO client roster continues to grow, and with each new or returning client, DATATRAK’s backlog continues to indicate future earnings and stability. DATATRAK’s makeover includes more strategic conference participation at conferences such as ASCO, DIA―where the company generated over 300 qualified leads this year versus their previous year’s average of 30-50 qualified leads. Investor conferences and meetings find the DATATRAK story piquing the interest of investors who heard and saw Mr. Birch’s investor presentation at the OneMedForum-New York in June with a strategic trade and investor conference strategy in place in the upcoming months.

The task of reintroducing DATATRAK and its suite of solutions to the global clinical trials industry is what’s next on the makeover agenda. Mr. Birch is beginning this task by differentiating the use of “unified” per DATATRAK vs. competitors who use the industry-important term loosely.

To DATATRAK “unified” means one proprietary system with built-in applications for each and every clinical trial management need and reporting requirement.  DATATRAK ‘s “unified platform” is a cloud-based suite that provides real time data and image sharing, doesn’t routinely lose patient data in routine data processes and  is so easy to use that more clinicians use it, thereby turning out more accurate, safer, and faster trials that ultimately save lives and sponsor company money.

Chelli Miller
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DataPhysics Research Rides to the Rescue of Radiologists

Life is about to get a lot more challenging for America’s radiologists. The aging Baby Boomer generation (78 million strong and turning 60 at the rate of 8,000 members per day) will need more healthcare, including MRI, CT and PET-CT scans. An estimated 30 million patients are about to flood the U.S. healthcare system as a result of healthcare reform, just as our nation is facing a potential shortage of radiologists. New radiologist growth is only about 1.5 percent per year, while one-third of radiologists are getting ready to retire. Digital scanning systems are able to generate more images than ever–100 to 7,000 per image study, going from an average 15,000 image slices per day to well over 100,000 each day over the next few years as projected by Dr. Eliot Siegel, Professor and Vice Chairman University of Maryland’s Department of Diagnostic Radiology. This means that radiologists’ workload will more than triple over the next three years.

One company working to help radiologists handle their growing exam volume is DataPhysics Research (DPR) of Danville, Calif. The technology company has developed CaseReader, a turnkey software solution designed to help radiologists conduct faster, more accurate analyses. Currently, radiologists view a number of two-dimensional image slices and mentally create a 3-D reconstruction of what they are seeing. DPR’s system streamlines this process by creating the reconstruction for them. CaseReader uses algorithms that allow the computer to recognize different organs and render them into an “indexed volumetric image” that can facilitate the data analysis process. The entire process of reading an X-ray, generating a report, and getting it back to the patient can take 2 to 3 days, an eternity for a patient who is waiting for a life-or-death diagnosis. According to Steve Douglas, CEO of DataPhysics Research, radiologists have projected that CaseReader can reduce that time by 40 percent.

In addition to its imaging capabilities, CaseReader also has the ability to track the radiologist’s impressions during the review and immediately generate an editable report. This eliminates the need to pay medical transcription fees to produce a report based upon the radiologist’s dictation. Radiologists may also click on images and embed them in the report to give the physician a more thorough understanding of the patient’s results. Including images could help to reduce the amount of time radiologists spend clarifying reports to physicians. According to Radiology Today, radiologists typically spend two to four (non-reimbursed) hours per day on the phone with physicians. Referring physicians may receive a better report that they can understand more easily, which may in turn allow them to provide better care to patients.

Rather than simply trying to improve a few exam review steps or create an entirely new workflow process for radiologists, CaseReader is a turnkey approach designed to integrate naturally within existing processes. “Everything that we’ve developed is within the current workflow process of the radiologist,” says Douglas. CaseReader is offered using a hybrid “Software as a Service” pricing model. Under this hybrid model, there are no license fees and the medical data doesn’t leave the healthcare provider’s facilities.

According to industry and U.S. government reports, the U.S. healthcare imaging industry represents a $250 billion annual market, of which $8 billion goes to the medical transcription industry. DPR has an addressable market of more than $3 billion, a figure that is based upon the number of annual relevant exams times DPR’s exam fee.

DPR is currently partnered with a leading teleradiology company to test CaseReader, and is close to finalizing a partnership with an independent imaging center. The company next seeks to partner with an academic medical center and a hospital-based radiology group to complete the validation of CaseReader in real world situations. DPR was also selected to participate in a workshop at the Radiological Society of North America’s annual meeting later this year. The conference is one of the largest healthcare meetings in the world, typically attended by approximately 70,000 radiologists, support staff, and vendors.

Written by Vanessa Anderson for the OneMedPlace-Sentinel