PAREXEL EXPERT TO ADDRESS GLOBAL CLINICAL DEVELOPMENT AND REGULATORY MEETING BEST PRACTICES AT DIA CHINA ANNUAL MEETING
Boston, MA, May 11, 2010—PAREXEL International Corporation (NASDAQ: PRXL), a leading global biopharmaceutical services provider, announced today that Alberto Grignolo, Ph.D., Corporate Vice President, Global Strategy and Services at PAREXEL Consulting, will chair a session entitled “Global Clinical Development and Best Regulatory Meeting Practices in the United States, European Union, Japan and China” on May 19, 2010 at the 2nd DIA China Annual Meeting. The meeting will be held March 16 - 19, 2010 in Beijing, China.
Dr. Grignolo will be available at PAREXEL’s booths #118 and #119 in the exhibit hall during the meeting to discuss the importance of designing sound global product and portfolio strategies global product and portfolio strategies, including which products to focus on in various geographies and the optimal regulatory and clinical pathways to follow. Attendees at the conference can meet with Dr. Grignolo and other PAREXEL experts to discuss how biopharmaceutical companies can design and execute global clinical development programs that include Asia, and particularly multi-national trials in the Asia/Pacific region.
For more information about PAREXEL’s capabilities in Asia and other emerging regions, and to access the white paper entitled “Country-by-country insights into the key challenges and opportunities for development in the Asia/Pacific region” visit http://www.PAREXEL.com/emerging-regions.html.
More information about the 2nd DIA China Annual Meeting can be found at http://www.diahome.org.
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About PAREXEL International
PAREXEL International Corporation is a leading global biopharmaceutical services organization, providing a broad range of knowledge-based contract research, medical communications and consulting services to the worldwide pharmaceutical, biotechnology and medical device industries. Committed to providing solutions that expedite time-to-market and peak-market penetration, PAREXEL has developed significant expertise across the development and commercialization continuum, from drug development and regulatory consulting to clinical pharmacology, clinical trials management, medical education and reimbursement. Perceptive Informatics, Inc., a subsidiary of PAREXEL, provides advanced technology solutions, including medical imaging, to facilitate the clinical development process. Headquartered near Boston, Massachusetts, PAREXEL operates in 71 locations throughout 54 countries around the world, and has approximately 9,500 employees. For more information about PAREXEL International visit www.PAREXEL.com.
This release contains “forward-looking” statements regarding future results and events, including, without limitation, statements regarding expected financial results, future growth and customer demand. For this purpose, any statements contained herein that are not statements of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the words “believes,” “anticipates,” “plans,” “expects,” “intends,” “appears,” “estimates,” “projects,” “will,” “would,” “could,” “targets,” and similar expressions are also intended to identify forward-looking statements. The forward-looking statements in this release involve a number of risks and uncertainties. The Company’s actual future results may differ significantly from the results discussed in the forward-looking statements contained in this release. Important factors that might cause such a difference include, but are not limited to, risks associated with: actual operating performance; actual expense savings and other operating improvements resulting from recent and anticipated restructurings, including the anticipated restructuring charge of approximately $24 million over the second, third, and fourth quarters of Fiscal Year 2010; the loss, modification, or delay of contracts which would, among other things, adversely impact the Company’s recognition of revenue included in backlog; the Company’s dependence on certain industries and clients; the Company’s ability to win new business, manage growth and costs, and attract and retain employees; the Company’s ability to complete additional acquisitions and to integrate newly acquired businesses or enter into new lines of business; the impact on the Company’s business of government regulation of the drug, medical device and biotechnology industry; consolidation within the pharmaceutical industry and competition within the biopharmaceutical services industry; the potential for significant liability to clients and third parties; the potential adverse impact of health care reform; and the effects of exchange rate fluctuations and other international economic, political, and other risks. Such factors and others are discussed more fully in the section entitled “Risk Factors” of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 as filed with the SEC on May 7, 2010 which “Risk Factors” discussion is incorporated by reference in this press release. The Company specifically disclaims any obligation to update these forward-looking statements in the future. These forward-looking statements should not be relied upon as representing the Company’s estimates or views as of any date subsequent to the date of this press release.
PAREXEL is a registered trademark of PAREXEL International Corporation, and Perceptive Informatics is a trademark of Perceptive Informatics, Inc. All other names or marks may be registered trademarks or trademarks of PAREXEL International Corporation, Perceptive Informatics, Inc. or their respective owners and are hereby acknowledged.