FOR IMMEDIATE RELEASE
Nasal Technology Drug Transport Company to
Implement Rave across Global Trials
NEW YORK, N.Y. – August 30, 2011 – Medidata Solutions (NASDAQ: MDSO), a leading global provider of SaaS-based clinical development solutions, today announced that its electronic data capture (EDC) and clinical data management (CDM) solution Medidata Rave® has been selected by OptiNose US, Inc., a specialty drug delivery company, to capture clinical trial data across all studies.
Founded in 2000, OptiNose is focused on the development of breakthrough bi-directional nasal drug delivery technology which significantly improves drug transport to targeted sites deep into the nasal cavity. The company is currently planning clinical research programs for the treatment of migraine headaches, nasal polyposis and chronic sinusitis. In assessing potential systems, OptiNose looked for a user-friendly, affordable EDC system that could potentially reduce time to database lock across global trials.
“The product’s ease-of-use and the company’s global presence provide benefits for our clinical development team, as well as our investigators, many of whom are familiar with the Medidata system,” commented Jennifer Carothers, senior director of clinical development, OptiNose.
Leveraging Medidata Rave’s global library to create standard electronic case report forms (eCRFs) will help OptiNose accelerate EDC set-up across their trials. Research teams, including site investigators, will also benefit from Rave’s broad data reporting capabilities, including out of the box J-Review reports for simplified ad-hoc clinical data analysis.
“OptiNose is a leader in drug delivery system innovation, and our team’s experience working with specialty pharmas and biotechs will be beneficial to the success of its pipeline,” said Tarek Sherif, CEO, Medidata Solutions. “The company’s selection of Rave speaks volumes about the comfort and trust in our technologies at all levels—from sponsors of all sizes to investigators across the globe.”
About OptiNose Inc.
OptiNose is a drug delivery company with breakthrough bi-directional nasal technology set to transform the static nasal drug delivery market. Founded in 2000, OptiNose’s devices are designed to deliver intranasal drugs to target regions of the nasal cavity, including the sinuses and the olfactory region while preventing lung deposition. The company offers both single and multi-use intranasal delivery devices for liquid and powder formulations. The technology has been successfully tested in a number of clinical trials demonstrating both clinical efficacy and safety. Investors in OptiNose include Avista Capital Partners in New York, WFD Ventures LLC located in New York and Entrepreneurs Fund LP based in Jersey, Channel Islands.
About Medidata Solutions Worldwide
Medidata Solutions is a leading global provider of SaaS clinical development solutions that enhance the efficiency of customers’ clinical trials. Medidata’s advanced solutions lower the total cost of clinical development by optimizing clinical trials from concept to conclusion: from study and protocol design, trial planning and budgeting, site negotiation, clinical portal, trial management, randomization and trial supply management, clinical data capture and management, safety events capture, medical coding to business analytics. Our diverse life science customer base spans biopharmaceutical companies, medical device and diagnostic companies, academic and government institutions, CROs and other research organizations, and includes more than 20 of the top 25 global pharmaceutical companies as well as organizations of all sizes developing life-enhancing medical treatments and diagnostics.
Contact:
Susan McCarron
Lois Paul & Partners
781.782.5767
Susan_McCarron@lpp.com