ICON Selected For Strength of Services, Quality and Regulatory Compliance and Collaboration Expertise
The new partnership is part of Pfizer's comprehensive program of change in R&D to sharpen research focus, deliver differentiated innovation, and create a more flexible cost base through external partnerships for certain R&D services. To be fully implemented over an 18 to 24 month period, the partnership will enable Pfizer to focus internally on its core capability in clinical trial design, while leveraging the strengths and scale of ICON to implement clinical development programs with greater efficiency and rigor.
Under the partnership agreement, Pfizer will retain scientific ownership of the clinical development process, and maintain strict oversight and quality standards relating to patient safety and regulatory compliance. Pfizer will leverage ICON's expertise in the areas of program initiation and management; site and country feasibility; data management and reporting set-up; program study drug logistics; scientific and medical communications; and quality assurance.
Further information is available at www.iconplc.com
DISCLOSURE NOTICE: The information contained in this release
is as of
This release contains forward-looking information about ICON's strategic partnership with Pfizer, including the potential benefits of the partnership on ICON's future financial results and condition that involves substantial risks and uncertainties. These risks and uncertainties include, among other things, the risk that the partnership results in more limited provision of services by ICON than expected, that those services do not have the expected financial impact on ICON or that the partnership is terminated.
A further description of risks and uncertainties can be found in
ICON's Annual Report on Form 20-F for the fiscal year ended
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