PAREXEL ANNOUNCES THE FORMATION OF PERCEPTIVE INFORMATICS, INC.
BOSTON, MA, October 19, 2000 — PAREXEL International Corporation (Nasdaq: PRXL) today announced that its Advanced Technology and Informatics Unit has been established as a wholly-owned subsidiary, called Perceptive Informatics, Inc. Perceptive Informatics provides a variety of web-based portal solutions designed to accelerate and enhance the clinical development and product launch processes, as well as a range of voice and data systems. It also offers an industry-leading medical imaging service supporting the use of advanced imaging techniques in clinical development. The company has a growing operations and development staff of over 125 employees in four locations in North America and Europe.
"We are extremely pleased with the initial success of Perceptive Informatics' cutting edge web-based products and services and are very committed to this business. By establishing it as a separate entity, we have created a focused environment for its growth and development," stated Josef H. von Rickenbach, Chairman and CEO of PAREXEL International.
Mark A. Goldberg, M.D., President of Perceptive Informatics, added "Our domain-specific knowledge, coupled with our IT capability, gives us a unique advantage in the marketplace. Allowing Perceptive Informatics to operate as a separate entity creates the right culture for us to capitalize on this advantage and build momentum in the marketplace. Our new independence conveys the system and vendor neutrality that underlies our approach for internal product development and the selection of external technology partners."
Perceptive Informatics currently offers a broad array of technology-based products and services.