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Premier Research Achieves Double-Digit Growth in Functional Sourcing for the Third Straight Year

PHILADELPHIA, Nov. 4 /PRNewswire/ -- Premier Research Group Limited, the international pharmaceutical services group, reports that its Functional Sourcing group has seen a 70 percent growth in its labor force for the current fiscal year, representing a continued trend in its third straight year with high double-digit growth. This growth has included:

-- Doubling the number of functional sourcing agreements with Top 20

pharmaceutical companies as ranked by Contract Pharma in 2008

-- Selection as sole provider of functionally sourced data management

activities for a Top 5 Pharma in support of recent biotech acquisition

-- Exceeding the anticipated 2008 study lock goals by the third quarter

Keith Fine, Senior Director of Premier Research's Functional Sourcing activities indicated that "the growth is largely attributed to an increasing demand for outsourcing on a functional basis in the industry. Sponsors are recognizing Premier Research's leadership in this area and are impressed with the model we employ and the quality we deliver. Much of the growth we have realized is with our current partners."

Premier Research provides Functional Sourcing solutions in a wide array of services and therapeutic areas to pharmaceutical and biotech companies worldwide. The unique model developed and implemented at Premier Research allows sponsors to leverage Premier Research's expertise within clinical research as well as the international depth of our resource pool.

About Premier Research

Premier Research is a leading global solutions-driven CRO committed to therapeutic focus and operational expertise to deliver clinical trial services of the highest quality for biopharmaceutical and medical device companies. They are leaders in clinical research for analgesia, CNS, oncology, and infectious disease and have a wealth of experience in medical device and pediatric research. Premier Research has 30 offices and operates in more than 30 countries across North America and Europe. They employ a strong international network of monitors and project management professionals combined with regulatory, data management, statistical, scientific and medical experts, and staff at a well-established network of dedicated clinical sites.

SOURCE Premier Research
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