SOURCE: PHT Corporation

March 24, 2008 14:02 ET

PHT Expands Into Larger U.S. Headquarters to Accommodate Soaring Growth

ePRO Industry Leader Moves to New Space to Support Increased Market Adoption for Its Innovative Products

BOSTON, MA--(Marketwire - March 24, 2008) - In response to continued strong growth, PHT Corporation has moved to new office space and increased the size of its U.S. headquarters by 54 percent. PHT is the market-leading provider of electronic patient reported outcome (ePRO) solutions used in more than 345 clinical trials worldwide.

The larger space is located at its current office complex, the Hood Business Park in Boston, and houses the rising number of professional staff who support its distinguished biopharmaceutical customer base. PHT has over 240 staff worldwide with 170 employees located in its Boston Headquarters. The new space can accommodate over 50 more staff, enabling the company to continue its double digit growth in coming years.

"PHT has outgrown our existing office space, in both the U.S. and Europe, due to increased demand for our ePRO services in large, complex trials sponsored by industry innovators," explained PHT President and CEO Phil Lee. "This expanded and modern corporate headquarters provides us with the physical resources we need to continue to offer world-class support for our clients with significantly improved data quality, trial management efficiencies, and patient safety."

Patrick DiGregorio, Vice President at Nordblom Management Company, said, "PHT has been an excellent tenant over the past seven years. We are delighted the company has expanded into the newly retrofitted, state-of-the-art facility at Hood Business Park."

PHT recently announced 18 new customers in 2007 along with a 24 percent growth in bookings year over year.

About PHT Corporation

PHT is the market-leading provider of electronic patient reported outcome (ePRO) solutions used in more than 345 clinical trials by 90 biopharmaceutical clients around the world. The company's proven LogPad® and StudyPad® Systems deliver the voice of the patient -- directly and without distortion -- with reliable and timely self-reported data. Patient experiences captured firsthand by PHT's ePRO Product Suite have been used successfully in at least nine NDA submissions, with five known approvals, to date. To learn more about how study sponsors worldwide are using ePRO to improve data quality, conduct smaller trials, and manage patient safety, enrollment and compliance in real time, visit www.phtcorp.com.

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