Target Health Unveils Target e*CRF Version 3; Newest Version Of The Company's Internet-Based Clinical Trial Software Enables Flexible Program Configuration And Provides Innovative Systems Development And Maintenance

WASHINGTON--(BUSINESS WIRE)--June 27, 2005--Target Health Inc., an industry-leading CRO, announced the availability of the newest release of its innovative eClinical trial software solution package at the DIA Annual Meeting in Washington, D.C., today. Target e*CRF(TM) Version 3, an enhanced version of the company's proven Target e*CRF application, will be available for general release on July 30, 2005. Target e*CRF provides pharmaceutical companies the ability to quickly and easily create, deploy, and manage web-based clinical trial applications by enabling cost-effective study design and online data capture and data management. Ferring Pharmaceuticals A/S, a global, research-driven biopharmaceutical company, based in Copenhagen, Denmark, has entered into a 4-year agreement to license Target Health's new Internet-based Clinical Trial Software. The agreement also includes cooperation with Target Health Inc. in the development of the new software. Ferring has been using Target Health's current EDC software, Target e*CRF, for more than five years for programs resulting in two NDA approvals. There have also been two regulatory approvals in Europe and one in Canada.