Phase Forward to Buy Covance's Ivrs/Iwrs Ops

Summary


MANAVIGATOR-July 16, 2009-Phase Forward to buy Covance's IVRS/ IWRS ops (C)2010 M2 COMMUNICATIONS http://www.m2.com

US clinical trials software provider Phase Forward (NASDAQ:PFWD) said Wednesday it has agreed to buy the Interactive Voice & Web Response Services (IVRS/IWRS) unit of drug development services firm Covance (NYSE:CVD) for USD10m (EUR7.1m) in cash.

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Phase Forward to Buy Covance's Ivrs/Iwrs Ops

As part of the deal, the two p...

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