Navigation Links
VirtualScopics' Project Balance Exceeds a Record $31 Million
Date:4/1/2009

Over 120% increase compared to prior year

ROCHESTER, N.Y., April 1 /PRNewswire-FirstCall/ -- VirtualScopics, Inc. (Nasdaq: VSCP), a leading provider of quantitative imaging for clinical trials, today announced that its project balance (the amount remaining to be recognized from its active and awarded projects and commonly referred to as backlog within the clinical research industry), exceeds $31 million which compares to $13.7 million at the same time a year ago, a greater than 120% increase. The average duration of the studies included within the backlog is 4-1/2 years. The company anticipates that the awarded contracts included in the project balance will be signed within the next several months as the projects near their start dates.

"We are gratified with the more than doubling of our project balance over the past year. This significant increase directly indicates the confidence our customers have in our people, technology, operational reach, and overall capability to deliver results they can count on to make the important decisions required with today's complex study designs," said Jeff Markin, VirtualScopics' president and chief executive officer. He added, "With the depressed global economic environment, we are especially encouraged at the growth we are seeing and remain optimistic with our 2009 projections."

Vice President of Business Development, Rosemary Shull, stated "An exciting component of our project balance is the growing percentage of studies that originated outside the United States. Currently, over 30% of our awarded contracts are from customers overseas." She added, "Companies routinely indicate that it's VirtualScopics' advanced technology coupled with our highly experienced and responsive project team that leads them to select us for their studies."

About VirtualScopics, I
'/>"/>

SOURCE VirtualScopics, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. VirtualScopics Achieves Operating Cash Flow Breakeven in the Fourth Quarter 2008; Reports Record 2008 Revenue and Gross Profit
2. VirtualScopics Schedules Fourth Quarter 2008 Earnings Announcement
3. Nasdaq Grants VirtualScopics Request for Continued Listing
4. Shires Project Playground Gives Boost to Philadelphia
5. Enerkem announces plans to enter the United States with next-generation biofuels project in Mississippi
6. Canadian Government Announces Funding for Leading Biotechnology Firms Project
7. Photos: Project Runways Tim Gunn Launches Addressing Psoriasis(TM) Campaign to Advocate That Patients Shouldnt Let Psoriasis Impact Personal Style
8. Bio-Matrix Scientific Group, Inc. Highlighted in LifeSciencesWorld.com Special Report; Stem Cell Market Projected to Exceed $8 Billion Worldwide by 2016
9. Cord Blood America Restructures Debt; Projects to be Cash Flow Positive
10. Encouraging high-risk research: DFG approves funding for 2 new Reinhart Koselleck projects
11. China Biologic Products High-Purity Human Albumin Research and Development Project to be Listed in the National Torch Plan
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/31/2015)... Aug. 31, 2015  US-Australian drug discovery company, ... today confirmed its comprehensive scientific review has identified ... in areas of unmet patient need. Novogen is ... preclinical projects prior to entering into Phase 1 ... Acting Chief Executive Officer, Iain Ross ...
(Date:8/31/2015)... 31, 2015 Trimb Healthcare AB ("Trimb") today ... YouMedical Group BV ("YouMedical"), a Dutch OTC company with ... sales of approximately EUR 16 million, with solid growth ... "Our ambition is to build a leading international OTC ... that goal. YouMedical gives us a stronger North European ...
(Date:8/31/2015)... ... , ... Proove Biosciences, Inc. is a finalist for the Outstanding Tech Company ... Now in its 22nd year, this premier awards event celebrates the best in Orange ... around the world. The OC Tech Alliance will announce all winners at a gala ...
(Date:8/28/2015)... ... August 28, 2015 , ... ... presented two studies at the International Spine Intervention Society’ s 23rd ... through to August 1st, 2015. With a focus on evidence-based research and clinical ...
Breaking Biology Technology:Novogen Announces The Outcome Of A Comprehensive Science Review 2Novogen Announces The Outcome Of A Comprehensive Science Review 3Novogen Announces The Outcome Of A Comprehensive Science Review 4Novogen Announces The Outcome Of A Comprehensive Science Review 5Novogen Announces The Outcome Of A Comprehensive Science Review 6Proove Biosciences, Inc. Named a Finalist for 22nd OC Tech Alliance High-Tech Awards for Company of the Year 2Proove Biosciences, Inc. Named a Finalist for 22nd OC Tech Alliance High-Tech Awards for Company of the Year 3Proove Biosciences, Inc. Named a Finalist for 22nd OC Tech Alliance High-Tech Awards for Company of the Year 4Proove Biosciences Presents New Research Study at the International Spine Intervention Society’s Annual Scientific Meeting 2Proove Biosciences Presents New Research Study at the International Spine Intervention Society’s Annual Scientific Meeting 3Proove Biosciences Presents New Research Study at the International Spine Intervention Society’s Annual Scientific Meeting 4
... in Spanish . Tecnalia Research & ... within the VII Framework Programme `Sporte2. The project will provide ... people, such as sports halls and other leisure facilities. This ... energy in its three dimensions: generation, interchange with the energy ...
... Jan. 5, 2011 International energy pricing agency Argus ... into US and Canadian wood chip pricing complements Argus ... European biomass indexation. " Argus understands the ... be at the forefront, providing transparency to emerging biomass markets," ...
... 2011 ViroPharma Incorporated (Nasdaq: VPHM ) today ... ViroPharma, will present at the 29th Annual J.P. Morgan Healthcare ... January 12, 2011.  The conference is being held at the ... presentations will be webcast live for investors through www.viropharma.com ...
Cached Biology Technology:Tecnalia leads the integration of energy efficiency in sports facilities 2Argus Launches North American Wood Chip Price Assessments 2ViroPharma to Participate in the 29th Annual J.P. Morgan Healthcare Conference 2
(Date:8/12/2015)... 12, 2015 As the digital ... innovation and advanced biometrics technology is accelerating beyond expectations.  ... rely on using their credit cards, the digital currency, ... for payment services led by companies in the space ... Google, Inc. (NASDAQ: GOOG ), Apple Inc. (NASDAQ: ...
(Date:8/11/2015)... , August 11, 2015 Today, ZUK ... Already received as well as expected revenues in 2015 that relate ... FPC,s communicated revenue guidance of approximately 2,200 MSEK for 2015. ... is a prominent smartphone manufacturer in ... ZUK selected FPC1 155 for ...
(Date:8/6/2015)... 2015  Today, U.S. Congressman Mike Honda ... to learn firsthand how Silicon Valley technologies can ... a world leader in multi-factor identity management and ... federal agencies and commercial organizations achieve new levels ... "The vast majority of network breaches can be ...
Breaking Biology News(10 mins):Digital Wallet Devices & Mobile Payment Management Services Gain a Distinct Advantage in the Digital Payment Evolution as Demand Continues to Grow 2Digital Wallet Devices & Mobile Payment Management Services Gain a Distinct Advantage in the Digital Payment Evolution as Demand Continues to Grow 3Digital Wallet Devices & Mobile Payment Management Services Gain a Distinct Advantage in the Digital Payment Evolution as Demand Continues to Grow 4Digital Wallet Devices & Mobile Payment Management Services Gain a Distinct Advantage in the Digital Payment Evolution as Demand Continues to Grow 5Digital Wallet Devices & Mobile Payment Management Services Gain a Distinct Advantage in the Digital Payment Evolution as Demand Continues to Grow 6FPC's Touch Fingerprint Sensor FPC1155 in ZUK's Smartphone Z1 2Rep. Honda to Visit Crossmatch in Redwood City 2
... Wash.There really is a balance of nature, but as accepted ... Washington State University researchers writing in the journal Nature ... typical of organic farms work better at fighting pests and ... pests and their natural enemies in potatoes and found organic ...
... co-led by scientists from the University of Michigan have discovered ... are associated with increased risk of type 2 diabetes, bringing ... on a string of DNA where one of the "letters," ... DNA, any two people will have the same letter. The ...
... before the dawn of agriculture, people may have caused the planet ... used to roam modern-day Russia and North America, but are now ... a hand in wiping them out. A new study, accepted for ... American Geophysical Union (AGU), argues that this die-off had the side ...
Cached Biology News:'Balanced' ecosystems seen in organic ag better at controlling pests 2New variants found that indicate a predisposition to type 2 diabetes 2Man-made global warming started with ancient hunters 2Man-made global warming started with ancient hunters 3
... Kits are designed for ultra-sensitive detection ... or PVDF membranes. Since all necessary ... primary antibodies), the WesternBreeze Kits save ... protocol and getting your final results. ...
Carbonate-Bicarbonate Buffer Capsules. For use in coating ELISA plates. Dissolve contents of 1 capsule in 100 ml deionized water to yield 0.05 M carbonate-bicarbonate buffer, pH 9.6....
... Adhesion Molecule The L1CAM ... involved in three distinct conditions: 1) HSAS ... MASA (mental retardation, aphasia, shuffling gait, adductus ... Immunogen: Homogenous suspension of ...
...
Biology Products: