SOURCE: Fast Track Systems

June 13, 2007 11:00 ET

Fast Track Systems Launches Tools to Improve Sponsor Management of Site and CRO Contracts

CONSHOHOCKEN, PA--(Marketwire - June 13, 2007) - Fast Track Systems, Inc., the leading provider of clinical cost data and software to improve the productivity of clinical trial operations, has announced new product extensions to TrialSpace Grants Manager® (The PICAS® Database) and TrialSpace CROCAS® that permit sponsors to actively manage investigator site and CRO contracts.

The new products, Grants Manager OWN and CROCAS OWN, provide a secure browser interface for contracting professionals to analyze their past agreements with sites and CROs. Each application permits users to evaluate these contracts along one or more of the following dimensions: protocol number, specific site, individual investigator or CRO, phase, therapeutic area, geography (country, state, zip code) and time period. Custom management reports can be created and archived information searched to readily determine how much has been paid for work activities. Additionally, the document retrieval functionality enables related agreements and unique contractual provisions to be archived and referenced.

Ed Seguine, CEO of Fast Track Systems, stated that: "The OWN products provide organizations with a simple-to-use, auditable, online environment for archiving, retrieving, and analyzing their own clinical trial contracts with investigators and CROs. This is a must-have tool for tracking internal compliance with laws and guidance that govern investigator remuneration practices, such as those developed by the U.S. Office of the Inspector General."

Both OWN products allow sponsors to leverage Fast Track's 15 years of experience providing industry cost data to ensure that the detailed contract information is captured accurately and completely across the hundreds, even thousands, of contractual obligations involved in managing investigative sites and CROs. For the first time, sponsors have access to a single comprehensive source for the detailed information that can help streamline the negotiation process.

Grants Manager OWN and CROCAS OWN are now available. Clients and interested parties should contact Fast Track Systems to determine how to implement these tools in their company.

Attendees of this year's DIA Annual Meeting should visit Fast Track Systems' booth, number 1805.

About Fast Track Systems, Inc.

Fast Track's products reduce cost, increase quality, and improve productivity by addressing inefficiencies and information asymmetries in traditional clinical trial design and execution processes. TrialSpace Designer XCP™ (Extensible Clinical Protocol) is the first comprehensive, standards-based solution capable of capturing study design information as reusable data that can be seamlessly integrated into other information systems and disseminated to regulators. Grants Manager and CROCAS draw from over 25,000 finalized protocols, 250,000 negotiated grants, and 4,500 CRO contracts to ensure that subscribers understand the true cost and compliance consequences when negotiating clinical agreements. Visit www.fast-track.com for more information about our products and services.

Contact Information

  • Contact:
    Frank Cattie
    215-358-1455