MISSISSAUGA, Ontario, April 23, 2013 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “DataTrack Lands New Israeli Biotech Client Looking to Maximize Efficiency in Clinical Trials.”
Companies mentioned in this article include DataTrak International, Inc. (OTCQX: DTRK).
Article Excerpt:
With continually rising costs of development, biotechnology companies and medical device manufacturers are constantly on the prowl for ways to shave expenses. As detailed by Avik Roy in a study published by the Manhattan Institute, the cost of research in development of a drug that reaches FDA approval skyrocketed from an equivalent of $100 million in today’s money in 1975 to $1.3 billion in 2005. That figure doesn’t calculate costs associated with other drug failures, with averaged research and development costs across 12 leading pharmas resulting in cost per drug approval pushing near $6 billion per drug, according to research of Forbes’ Matthew Herper cited by Roy in his research.
Roy notes that FDA’s complex regulatory pathway for Phase III clinical trials is the “biggest driver” in the cost increases.
It will take some major industry and FDA changes to curtail the exorbitant costs to bring a drug to market. Looking to harness the power of the web to chip-in on lowering expenses, Cleveland’s DataTrak International, Inc. (OTCQX: DTRK) offers clients cloud-based, unified eClinical® technologies and related services to the clinical trial industry.
The full version of this article can be found at:
About AllPennyStocks.com:
AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and US site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs daily technical penny stocks to watch, has a daily market write-up, provides company spotlights, runs unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, NASDAQ and OTC BB, and much more information for the average investor.
AllPennyStocks.com also runs an email newsletter that aims to uncover stocks that are still under the radar of most investors. Criteria AllPennyStocks.com looks for includes strong revenues, a seasoned management, innovative business plans, among many others. AllPennyStocks.com also looks for companies that announce breaking news, recent 52-week highs/lows, technical breakouts, and other favorable corporate information.
Investors are encouraged to subscribe to the AllPennyStocks.com FREE e-mail newsletter and see what tens of thousands of other investors have already been receiving since 1999. Investors can receive their free newsletter subscription by clicking here: http://www.allpennystocks.com/aps_common/newsletter_free.asp.
Contact:
AllPennyStocks.com Media, Inc.
Peter Szafranski -- President
Phone: (905) 361-5680
E-Mail: [email protected]
Websites: http://www.allpennystocks.com / http://www.bullishinvestor.com
Note: AllPennyStocks.com has not received compensation for carrying the above-mentioned company; a full disclaimer can be viewed here: http://www.allpennystocks.com/aps_common/disclaimer.asp.