Two Contract Wins in Asia-Pacific
16 July 2014
("Instem" or the "Company")
Two Contract Wins in Asia-Pacific
Instem (AIM: INS.L), a leading provider of IT solutions to the global early development healthcare market, announces that it has won two new contracts in the Asia-Pacific region.
The first is a five-year contract with the National Shanghai Center for Drug Safety Evaluation and Research (NCDSER), a leading Chinese Contract Research Organisation (CRO), which has purchased Instem’s integrated Provantis® pre-clinical software suite to automate laboratory processes at their R&D facility in Shanghai, China.
The contract was awarded following a detailed competitive evaluation and is of significant strategic importance as it strengthens the Company’s foothold in the Asia-Pacific region. Instem’s Provantis solution, which is increasingly being recognised as the industry standard within China and the leading solution around the world, will replace a combination of in-house developed applications and legacy systems to provide streamlined processes. It will be delivered using the SaaS delivery model from Instem’s Shanghai-based data center, adding another large and prestigious laboratory to Instem’s established hosting data centre client roster.
Commenting on the agreement, Professor Jing Ma, Executive Director at NCDSER, said: “We are extremely pleased to be deploying Provantis at our Shanghai facility. We recognise that Instem and Provantis have fast become the gold standard within China and we look forward to joining the expanding Provantis user community within China and across the globe.”
A second contract has been signed with an unnamed, leading Multi-national Corporation, which has purchased Instem’s submit™ solution suite to support Clinical Data Interchange Standards Consortium’s (CDISC) Standard for Exchange of Nonclinical Data (SEND).
SEND defines the organisation, structure, and format of standard non-clinical tabulation datasets for interchange between organisations such as sponsors and CROs and for submission to the US Food and Drug Administration (FDA). Guidance by the FDA was released earlier in 2014, paving the way for SEND to become a requirement with pre-clinical study submissions.
The submit™ solution, which was launched in 2005 and can be deployed as a traditional on-site system or accessed over the Internet using Instem’s SaaS model, creates and manages SEND study datasets throughout their lifecycle and allows sponsors, CROs and regulators to share, visualise and analyse study data more efficiently.
Phil Reason, CEO of Instem, said: “We are delighted to have signed these two agreements in the Asia-Pacific territory. NCDSER is a recognised centre of excellence within Asia-Pacific and the contract is of significant strategic importance in terms of extending our presence within the region. Further to this, the contract with a leading Multi-national corporation illustrates the fact our cutting edge technology is being adopted by an increasing number of respected industry players.”
For further information, please contact:
|Phil Reason, CEO||+44 (0) 1785 825600|
|Nigel Goldsmith, CFO|
|N+1 Singer (Nominated Adviser & Broker)||+44 (0) 20 7496 3000|
|Wallbrook Financial PR||Tel: +44 (0) 20 7933 8000|
|Paul Cornelius||or email@example.com|
Instem is a leading supplier of IT applications to the early development healthcare market delivering compelling solutions for data collection, management and analysis across the R&D continuum. Instem applications are in use by customers worldwide, meeting the rapidlyexpanding needs of life science and healthcare organisations for data-driven decision making leading to safer, more effective products.
Instem’s portfolio of software solutions increases client productivity by automating study-related processes while offering the unique ability to generate new knowledge through the extraction and harmonization of actionable scientific information.
Instem supports over 450 clients through full service offices in the United States, United Kingdom and China with additional locations in Japan and India.
To learn more about Instem solutions and its mission, please visit instem.com.