Phase Forward inked a multi-year deal with Hungarian pharma giant Gedeon Richter plc. Specific details on the transaction were not disclosed.
Gedeon Richter, which employs more than 10,000 workers worldwidewill use Waltham, Mass.-based Phase Forward’s Clintrial software to manage the data in clinical trials, according to a press release.
Phase Forward posted second-quarter sales of $52.5 million, up 29 percent compared with the same period last year. Net income slipped nearly 40 percent to $2.2 million, compared with $3.7 million during the second quarter of 2008.