Top Stories for the Week of Oct. 22nd 2007

Top News
 
Omnicare Clinical Research Expands in India

In an effort to gear up for the company's growth in India, King of Prussia, Pa.-based contract research organization (CRO) Omnicare Clinical Research has doubled the size of its Bangalore, India, office by relocating to a 10,000-square-foot facility nearby. Omnicare Clinical Research established its first presence in India in 2002 with the opening of its original Bangalore location. The CRO’s new location will act as the company’s central hub for all operations in India. It will add staff for clinical monitoring, data management, business development and administrative. The location already has a staff of 75.

Medicare's Trial Coverage Memorandum Calls for Further Study

The Center for Medicare and Medicaid Services (CMS) will seek further comment on proposals for covering the costs of clinical trials for Medicare beneficiaries. In July 2006, the Center for Medicare and Medicaid Services (CMS) began a process of shoring up several six-year-old policy issues dealing with insuring beneficiaries participating in clinical trials. On July 9 of this year, CMS issued a draft proposal and invited public comment. But after a long summer of negotiations with stakeholders, CMS issued it Final Decision Memorandum stating it could not make new policy changes to the draft proposal.

Other breaking news...

• OmniComm Systems inks 10 new contracts during third quarter...
• Investors win lawsuit against ex-aaiPharma executives...

Company Profile: An interview with Igor Stefanov, director of business development, Synergy Research Group

Past weekly article summaries for the year can be found in the CW Weekly Issue archives. To read the full articles for this issue or for more information on these and other breaking stories, please click here!