COLUMBIA, Md., August 17, 2004 - LabConnect today announced it has completed its acquisition of the intellectual property and technology assets of inREACH Corp., a provider of laboratory software solutions based in Anderson, S.C. LabConnect will utilize inREACH’s lab and technology expertise to enhance its laboratory data reporting capabilities and other clinical trial-related applications.
“Customers and investigator sites tell us the importance of being able to quickly access reliable, user-friendly lab reports,” said Sergey Boytsov, Director Clinical Trial Information Services at LabConnect. “inREACH’s unique suite of applications provides the best fit that we have identified for the central lab market today.”
inREACH’s ten years of software development experience for laboratory information management systems will enable LabConnect to improve upon its current reporting capabilities for the benefit of sponsors and investigators. For example, LabConnect’s web-based reporting technology provides secure access to trended study participant lab results in real-time for sponsors and investigators-the only central lab providing such a product today. The acquisition also includes inREACH’s participant recruitment data mining application. inREACH’s products are currently in use in more than sixty locations around the country.
inREACH CEO, Eugene Baillie, MD, a pathologist and past president of the American Society for Clinical Pathology will join LabConnect as its medical director. Noted Dr. Baillie, “As a pathologist, I can relate to how physicians want to have their lab data reported. We developed our applications with the user and security in mind, and I’m delighted with its application in clinical trials.”
Terms of the acquisition were not announced. For more information, visit http://www.labconnectllc.com or contact Jeff Mayhew at jmayhew@labconnectllc.com, 678-957-1514.
About LabConnect, LLC
Privately-held LabConnect (http://www.labconnectllc.com) provides central laboratory services for the clinical trials industry. LabConnect is committed to delivering high quality central laboratory services by providing specialized customer service, innovative data management and reporting systems, and competitive pricing structures.
Contact:
Jeff Mayhew
LabConnect, LLC
p: 678-957-1514
f: 770-813-8891
jmayhew@labconnectllc.com
