Deal Snapshot: Phase Forward Acquires Covance's Ivrs/Iwrs Ops

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MANAVIGATOR-August 24, 2009-Deal snapshot: PHASE FORWARD ACQUIRES COVANCE'S IVRS/IWRS OPS (C)2010 M2 COMMUNICATIONS http://www.m2.com

US clinical trials software provider Phase Forward (NASDAQ:PFWD) said it has completed the buy of the Interactive Voice & Web Response Services (IVRS/IWRS) unit of drug development services firm Covance (NYSE:CVD) for USD10m (EUR7m) in cash.

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Deal Snapshot: Phase Forward Acquires Covance's Ivrs/Iwrs Ops

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