Phase Forward Incorporated (NASDAQ: PFWD), a leading provider of data management solutions for clinical trials and drug safety, announced today that it will release financial results for the quarter and year ended December 31, 2005 and hold a conference call with investors on Tuesday, February 7, 2006. The Company plans to hold the investor conference call, hosted by Bob Weiler, president and chief executive officer, and Rodger Weismann, senior vice president and chief financial officer, to discuss its fourth quarter financial results and its outlook for 2006. The call will be held on Tuesday, February 7, 2006, at 5:00 p.m. (EST).