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PAREXEL Honored with 2013 "Partnership Pioneers of the Year" Award
Date:4/24/2013

BOSTON, April 24, 2013 /PRNewswire/ -- PAREXEL International Corporation (NASDAQ: PRXL), a leading global biopharmaceutical services provider, today announced it has been named a recipient of the 2013 "Partnership Pioneers of the Year" award in recognition of its innovative strategic partnership with Pfizer and ICON. Given by the advisory board of the Institute for International Research and Partnerships in Clinical Trials, the award recognizes two or more companies engaged in a partnership that moves beyond the traditional transactional model to further drug development.

"PAREXEL is honored to receive the 'Partnership Pioneers of the Year' award in recognition of our successful collaboration with Pfizer, which has ushered in an innovative approach to clinical trial execution," said Josef von Rickenbach , Chairman and CEO of PAREXEL. "We are proud of our ability to utilize PAREXEL's global resources and worldwide technology infrastructure to implement high-quality clinical trials with greater efficiency. We will continue to apply lessons learned from this relationship model to drive value creation and improve outcomes-focused partnerships across our entire portfolio."

PAREXEL announced a five-year strategic partnership model with Pfizer in May 2011. The goal of the strategic partnership model is to increase the speed and efficiency of clinical development programs, while ensuring that quality, innovation and global reach are central to improving predictability of clinical trials.

"Our new Alliance Partner Model is providing a solid foundation for integrated quality clinical services," said Dr. John Hubbard , SVP of Development Operations for Pfizer. "ICON and PAREXEL's clinical expertise and inno
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SOURCE PAREXEL International Corporation
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