Velos Adds Ten New Velos eResearch Customers - Includes Five Top Ten U.S. Healthcare Providers

Velos Adds Ten New Velos eResearch Customers - Includes Five Top Ten U.S. Healthcare Providers

FREMONT, Calif., Nov. 30 /PRNewswire/ -- Velos, Inc., an innovative healthcare software provider, today announced adding ten new Velos eResearch customers over the past year, including five of the top ten healthcare providers in the United States as ranked by U.S. News and World Report. Velos eResearch is a pure Internet and intranet system platform that supports clinical research professionals in the areas of patient information management: study monitoring, study and IRB compliance, patient data safety and monitoring, electronic data capture, and budget and financial management.

With Velos eResearch, Velos has ushered in a new generation of clinical trial management software that supports clinical research from the inside out. "Most Electronic Data Capture systems support the tail end of the research process -- submission of data to sponsors -- which is generally less than 20% of the elapsed time in a clinical trial," notes John McIlwain, President of Velos. "Velos supports researchers in every stage of the research process. This enables investigators and sponsors to leverage systems that are actually used by investigators and their staff in their daily work. The system architecture and functional capabilities needed to support this paradigm shift in clinical trial automation differ significantly from systems that support the one-off, study-by-study approach that's more common today. With Velos, investigators have a single system platform to manage all their clinical research."

New Velos customers include some of the most prestigious healthcare providers and research institutions in the United States: Baylor College of Medicine, Cleveland Clinic Foundation, The Sidney Kimmel Comprehensive Cancer Center at Johns Hopkins, Memorial Sloan-Kettering Cancer Center, University of California San Francisco Comprehensive Cancer Center, and University of Michigan Comprehensive Cancer Center.

"There is a tremendous amount of work duplication in clinical research. Today, it's safe to say that almost all information gathered for research is duplicated once, twice, and even three or more times," says Priti Sahai, M.D., Senior Director, Velos eResearch. "This is particularly true for most forms of sponsored research. This work duplication is not just inefficient, it also introduces safety and quality issues and certainly impacts study turnaround time. Velos customers are attacking these inefficiencies in a host of areas."

About Velos

Velos, Inc. (www.velos.com) is a leading designer and developer of state-of-the-art healthcare information systems. Velos eResearch (www.veloseresearch.com) has been purchased by five of the top ten hospitals, four of the top ten cancer centers, and three of the top ten cardiology and cardiology surgery centers in the United States. Velos is privately held with headquarters in Silicon Valley.

This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.


Source: Velos, Inc.

CONTACT: Madalynne Chapman of Velos, Inc., +1-510-580-2661, or
mchapman@velos.com

Web site: http://www.veloseresearch.com/

Web site: http://www.velos.com/


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