LANSDALE, Pa., March 1 -- CRF Health, a leading provider of electronic Patient Reported Outcomes (ePRO) for the life sciences industry, announced record-setting growth and earnings for 2009. Client commitments grew by 65% and resulted in record-setting revenue, earnings and backlog. Sales came from both new and existing clients and the company continues to gain market share. New products such as its TrialSlate® devices contributed strongly to the growth.
"CRF Health has established a pattern of consistent, reliable growth and earnings. We are proud to have set a record for earnings for the second year in a row, especially in this economic environment," said Jeff Payne, chief financial officer. "Profitability is strong, market share is increasing and prospects for 2010 are very positive."
Building on 2009's impressive performance, CRF Health plans to continue investing in workforce and technology to serve the growing ePRO market. In 2008, the company introduced Windows Mobile® device technology to its ePRO solutions offerings. In 2009, the company added a new TrialSlate® product and an updated version of its TrialMax® 4.0 ePRO software suite.
"The ePRO market is growing," said Mary Briggs, vice president of global sales and marketing for CRF Health. "Our recent performance reflects this. Not only are we experiencing record growth, but we are also seeing tremendous interest in user group meetings. Our first meeting in 2010 had a 300% increase in attendance over 2009. Clearly, clients are embracing and engaging with ePRO technology more than ever before."
About CRF Health
CRF Health is a global leader in ePRO (electronic Patient Reported Outcomes) solutions for the life sciences industry. Through innovative technology, a thorough understanding of drug development and mobile computing, CRF Health is driving the change to higher quality outcomes and more efficient paper-free clinical trials.
CRF Health's ePRO technology has been used in more than 60 countries, on six continents and 68 languages, including ten regional Indian dialects. CRF Health consistently demonstrates the industry's highest patient compliance rates while delivering unrivalled data accuracy and unmatched patient and site acceptance.
Since its founding in 2000, CRF Health continues to provide true global ePRO delivery and service. Headquartered in the US, CRF Health operates its R&D center of excellence in Helsinki, Finland and has offices around the world.
TrialMax®, TrialCollector®, TrialIntegrator®, TrialManager® and TrialStudio® are registered trademarks of CRF Health. All rights reserved. TrialLibrary(TM) and other CRF product references are either a trademark or service mark of CRF Inc. All rights reserved. All other trademarks and/or service marks are the property of their respective owners.