Healthcare Industry News: Biostat
News Release - May 30, 2006
PAREXEL International Appoints Douglas A. Batt as Senior Vice President and General CounselBOSTON, May 30 (HSMN NewsFeed) -- PAREXEL International Corporation (Nasdaq: PRXL ), a leading global bio/pharmaceutical services organization, today announced that Douglas A. Batt has been appointed to the role of Senior Vice President and General Counsel. In this capacity, Mr. Batt oversees the Company's worldwide corporate legal responsibilities as well as corporate governance matters.
"Douglas brings an extensive background in corporate and international law to PAREXEL," said Josef H. von Rickenbach, Chairman and CEO of PAREXEL International. "We look forward to the contributions he will make as a member of our executive management team and to his leadership of our global legal organization."
Mr. Batt has more than 15 years of corporate legal experience and has provided counsel on matters including corporate governance, mergers and acquisitions, strategic alliances, financial transactions, intellectual property and regulatory affairs. Prior to joining PAREXEL, Mr. Batt was Executive Vice President and General Counsel at Concord Communications, a publicly-traded software company, as well as Technology Counsel at Reebok International Ltd. Previously, Mr. Batt was with the law firm of Goodwin Procter in Boston.
After attending Princeton University and the University of California, Berkeley, Mr. Batt received his Juris Doctor from Boston University School of Law. Mr. Batt is a noted international speaker on technology-related issues and has presented at the United Nations and The Hague as well as at forums in China, Brazil, Singapore and Australia.
Mr. Batt is based at PAREXEL's corporate headquarters location in Waltham, Massachusetts.
PAREXEL is one of the largest biopharmaceutical outsourcing organizations in the world, providing a broad range of knowledge-based contract research, medical marketing and consulting services to the worldwide pharmaceutical, biotechnology and medical device industries. With a commitment to providing solutions that expedite time-to-market and peak market penetration, PAREXEL has developed significant expertise in clinical trials management, data management, Biostatistical analysis, medical marketing, clinical pharmacology, regulatory and medical consulting, industry training and publishing and other drug development consulting services. Its information technology subsidiary, Perceptive Informatics, Inc., develops and offers a portfolio of innovative technology-based products and services that facilitate clinical drug development and are designed to decrease time to peak sales. The technology portfolio includes web-based portal solutions and tracking tools, Interactive Voice Response Systems (IVRS), Clinical Trial Management Systems (CTMS), electronic diary and investigator database solutions. Perceptive also offers advanced medical diagnostics services to assess rapidly and objectively the safety and efficacy of new drugs, biologics, and medical devices in clinical trials. PAREXEL's integrated services, therapeutic area depth and sophisticated information technology, along with its experience in global drug development and product launch services, represent key competitive strengths. Headquartered near Boston, MA, PAREXEL operates in 52 locations throughout 39 countries around the world, and has 5,445 employees.
This release contains "forward-looking" statements regarding future results and events. For this purpose, any statements contained herein that are not statements of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects," "intends," "appears," "estimates," "projects," "targets" and similar expressions are also intended to identify forward-looking statements. The forward-looking statements in this release involve a number of risks and uncertainties. The Company's actual future results may differ significantly from the results discussed in the forward- looking statements contained in this release. Important factors that might cause such a difference include, but are not limited to, risks associated with: actual operating performance; actual expense savings and other operating improvements resulting from recent restructurings; the loss, modification, or delay of contracts which would, among other things, adversely impact the Company's recognition of revenue included in backlog; the amendment or interpretation of Financial Accounting Standards Board Statement No. 123 (revised 2004), Share-Based Payment ("Statement 123R"), which could change the Company's current assessment of the effects of the adoption of Statement 123R on the acceleration of equity grants, the assumptions inherent in equity pricing models under Statement 123R and the final results of the closing of the Company's books for future financial periods; the Company's dependence on certain industries and clients; the Company's ability to win new business, manage growth and costs, and attract and retain employees; the Company's ability to complete additional acquisitions and to integrate newly acquired businesses or enter into new lines of business; the impact on the Company's business of government regulation of the drug, medical device and biotechnology industry; consolidation within the pharmaceutical industry and competition within the biopharmaceutical services industry; the potential for significant liability to clients and third parties; the potential adverse impact of health care reform; and the effects of exchange rate fluctuations and other international economic, political, and other risks. Such factors and others are discussed more fully in the section entitled "Risk Factors" of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2006 as filed with the SEC on May 9, 2006, which "Risk Factors" discussion is incorporated by reference in this press release. The forward-looking statements included in this press release represent the Company's estimates as of the date of this release. The Company specifically disclaims any obligation to update these forward-looking statements in the future. These forward-looking statements should not be relied upon as representing the Company's estimates or views as of any date subsequent to the date of this press release.
PAREXEL is a registered trademark of PAREXEL International Corporation, and Perceptive Informatics is a trademark of Perceptive Informatics, Inc. All other names or marks may be registered trademarks or trademarks of their respective business and are hereby acknowledged.
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