WALTHAM, Mass.--(BUSINESS WIRE)--Phase Forward (NASDAQ: PFWD), a leading provider of data management solutions for clinical trials and drug safety, today announced that in connection with its April 22, 2009 acquisition of Waban Software, Inc. and in accordance with NASDAQ Marketplace Rule 5635(c), the company has granted shares of its common stock, in the form of stand-alone restricted stock units, or RSUs, as an inducement to the three principals and approximately 78 other employees of Waban.
