Vancouver Coastal Health Research Institute (VCHRI) and Prime Trials Inc. Enter into Co-operative Service Agreement to Provide Phase I - IV Clinical Trial Service ......


Vancouver Coastal Health Research Institute (VCHRI) and Prime Trials Inc. Enter into Co-operative Services Agreement to Provide Phase I Through IV Clinical Trial Services.

Vancouver, BC, May 26, 2004 - The Vancouver Coastal Health Research Institute (VCHRI) and Prime Trials Inc. have signed a Co-operative Services Agreement to provide non-exclusive integrated Phase I through Phase IV clinical trial services to pharmaceutical and biotechnology companies. The two organizations will also work together to pursue joint marketing opportunities.

The strategic partnership unites VCHRI's clinical research support unit and network of physicians experienced in multidisciplinary Phase II-IV clinical trials with Prime Trials' experience and expertise in protocol design, pharmacokinetics, clinical operations, their intensive-care clinical facility and volunteer/patient populations.

"This agreement formalizes a long-term relationship that we have had with Prime Trials," says Dr. Bernie Bressler, Director, Vancouver Coastal Health Research Institute. "We are excited about the opportunity to promote each other's services and work together to provide services along the entire clinical trial value chain. Prime Trials expertise in early stage clinical services complements our later stage competencies."

"Our close relationship with VCHRI and the hospital has been an important part of our success as a clinical research facility," says Frank Holler, Chief Executive Officer of Prime Trials. "The expertise of VCHRI's clinical investigators is stellar and we look forward to extending our relationship with the Research Institute under this new agreement. Co-promotion of our clinical trial services is a logical step for both our organizations and for expanding the clinical research industry in British Columbia."

About Vancouver Coastal Health Research Institute

The Vancouver Coastal Health Research Institute (VCHRI) is Canada's newest hospital-affiliated Research Institute. Created in June 2003, it is a joint venture between the University of British Columbia and Vancouver Coastal Health. With $71 million in research funding in 2002-2003, VCHRI is the fourth largest research institute in terms of support in Canada. Research activities at VCHRI fall into 5 thematic research programs: 1) Clinical Epidemiology and Evaluation, 2) Immunity and Infection, 3) Neuroscience, 4) Prostate Cancer and 5) Respiratory and Critical Care. In addition to the thematic research programs, the institute has clinical research programs in Cardiovascular, Gastroenterology, Dermatology, Ophthalmology and Reproductive Medicine. VCHRI offers contract services and collaborations in all of its thematic research areas.

About Prime Trials

Prime Trials is a specialty Contract Research Organization in Vancouver, Canada, focused on providing clinical research services to companies conducting Phase I / IIa clinical trials. Our privately operated, hospital-based, clinical facility is ideally suited for focused, technologically intensive studies. Prime has full-time medical staff with extensive clinical and GCP experience, an extensive database of healthy volunteers, and the ability to recruit patient populations through specialty clinics. Prime has conducted a number of Phase I and IIa trials for international pharmaceutical and biotechnology companies, including trials in CNS, Asthma, Rheumatoid Arthritis, Ophthalmology, Hepatic and Renal Impairment, Drug Interaction and Japanese Bridging studies.

CONTACT: Parimal S. Nathwani Chad Rathlef Director, Business Development Associate Director, Business Development Vancouver Coastal Health Research Institute Prime Trials, Inc. 828 West 10th Avenue 790 West 10th Avenue Vancouver, BC V5Z 1L8 Vancouver, BC V5Z 1M9 604-875-4111 ext 61910 604-875-5122 ext 8

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