Oracle Corp ORCL Buys Phase Forward Inc PFWD

By Tim - http://stockstobuy.org

Shares of Phase Forward Inc. (PFWD) are up 28% to $16.84 this morning as Oracle Corp. (ORCL) will be purchasing the company for $685 million.

Oracle Buys Phase Forward

Expands Oracle’s Solutions for the Life Sciences and Healthcare Industries

April 16, 2010 - Oracle announced today that it has agreed to acquire Phase Forward (NASDAQ: PFWD), a leading provider of applications for life sciences companies and healthcare providers, through a cash merger for $17.00 per share, or approximately $685 million.

Phase Forward’s SaaS-based Integrated Clinical Research Suite manages clinical development and safety processes from Phase 1 clinical trials through regulatory submission and post-approval monitoring. Adding complementary assets to Oracle Health Sciences, the combination is expected to enable researchers, clinical development professionals, physicians, regulators and patients to more effectively and securely capture, contribute, access and share data. The acquisition of Phase Forward is consistent with Oracle’s strategy to provide mission-critical applications for key industries. Full Press Release - Here


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