News | August 1, 2011

CRF Health Announces Strong Revenue And Earnings Growth In First Half Of 2011

Source: CRF Health
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CRF Health, a leading global provider of ePRO solutions for the Life Sciences Industry, announced that the Company's revenues for the six month period ending June 30, 2011 more than doubled from the same period in 2010, while earnings showed an even larger percentage increase over the prior period. CRF Health has now consistently generated earnings over the last ten consecutive quarters. CRF Health also added more than 15 new sponsor or CRO relationships while retaining 100% of its key account client base during that time.

"We're excited to show continued strong financial performance with revenue more than doubling and profits up even more," said Rachael King, Chief Executive Officer. "Our financial success allows us the freedom to continue focusing on customer service and expanding our technology offerings."

Jeffrey S. Payne, Chief Financial Officer, commented, "Sponsors need to know not only that they can trust a partner with their data, but that their partner is financially stable and will be there in the future. Our continued strong financial results validate that Sponsors can trust CRF Health to be there in the future, while our growth in revenue evidences Sponsor's recognition of the quality services we provide. CRF Health is proud to continue on its path of outstanding customer support as well as consistent profitability."

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 70 countries, on six continents and 68 regional languages, including several regional Indian dialects. CRF Health consistently demonstrates the industry's highest patient compliance rates, while delivering unrivaled 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. For more information, visit