09.15.11
PharmaNet Development Group’s subsidiary, PharmaNet Canada, Inc., and The Research Institute of McGill University Health Centre (RI MUHC) have signed a Letter of Intent to jointly form, manage, and operate the first in-hospital translational medicine unit for Phase I–IIa studies in Canada. The facility will be located at the Montreal General Hospital and is expected to begin operations in 2012.
“We are thrilled to announce this joint venture with RI MUHC, a world-renowned research facility,” said Riaz Bandali, president, Early Stage Development, PharmaNet. “The partnership will provide access to PharmaNet’s clinical research expertise and the RI MUHC’s world class clinical investigators for the conduct of in-hospital Phase I and IIa studies in patient populations and will transform how pivotal, proof of concept studies are conducted. This new approach aligns PharmaNet’s and RI MUHC’s objectives of optimally developing innovative therapeutics for patients in need.”
“We are extremely pleased to collaborate with PharmaNet on this ground-breaking venture. This novel approach will allow us to conduct proof-of-concept studies that will be truly world-class,” said Dr. Vassilios Papadopoulos, director of RI MUHC.
“We are thrilled to announce this joint venture with RI MUHC, a world-renowned research facility,” said Riaz Bandali, president, Early Stage Development, PharmaNet. “The partnership will provide access to PharmaNet’s clinical research expertise and the RI MUHC’s world class clinical investigators for the conduct of in-hospital Phase I and IIa studies in patient populations and will transform how pivotal, proof of concept studies are conducted. This new approach aligns PharmaNet’s and RI MUHC’s objectives of optimally developing innovative therapeutics for patients in need.”
“We are extremely pleased to collaborate with PharmaNet on this ground-breaking venture. This novel approach will allow us to conduct proof-of-concept studies that will be truly world-class,” said Dr. Vassilios Papadopoulos, director of RI MUHC.