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MDdatacor Signs Strategic Alliance Agreement With Nation's Largest Private Practice Urology Research Network

New Alliance Aims to Save Healthcare Industry Millions in Drug and Device Clinical Studies

Atlanta, GA, September 5, 2002 -- MDdatacor, inc., a medical informatics company that identifies patient populations for clinical trials and approved therapies, today announced it has signed an agreement with the Linked Urology Research Network (LURN), a network of seven research-oriented private urology practices consisting of 104 urologists. Terms of the agreement call for LURN network practices to adopt MDdatacor's MDinsight™ informatics solution to assist them with clinical trial patient recruitment and for LURN to assist MDdatacor in its industry sales initiatives to pharmaceutical and medical device companies.

"We are very pleased to reach an agreement with such a preeminent group of urology practices," commented Blake Whitney, MDdatacor chairman, president and chief executive officer. "This agreement confirms the value of our informatics solution to research-oriented specialty physician groups and will greatly expand our industry marketing efforts."

Physician practices provide MDdatacor with electronic copies of patient chart information, such as transcribed progress notes, lab results and demographic information. MDdatacor uses a patent-pending technology to convert this information into a searchable clinical database. Within each individual practice, physicians can use this online database to help identify patients who may need additional medical follow-up. It also allows physicians to quickly determine which subjects may qualify for a clinical trial or a new medically-indicated drug or device therapy. MDdatacor's industry solutions help pharmaceutical firms and medical device manufacturers accelerate clinical trial screening and enrollment processes, reducing the time and cost of new product and drug development.

"MDdatacor has a unique solution that we believe will help us accelerate our practices' clinical trial enrollment. We are pleased with the firm's attention to the HIPAA privacy and security regulations and the fact they share our concern for the confidentiality of patient medical information," said Margaret Fay, Ph.D. chief executive officer of LURN. "Our superior trial enrollment experience gives us unique access to and credibility with drug and device companies who are not currently aware of MDdatacor. We look forward to leveraging these relationships to the benefit of Sponsors, LURN, our patients and MDdatacor."

 

About MDdatacor
Established in 2001 and headquartered in Atlanta, Georgia, MDdatacor enhances healthcare quality through the development of innovative technology solutions.  MDdatacor solutions are used to support quality improvement, health information exchange and Patient-Centered Medical Home initiatives. MDdatacor currently serves more than 7,000 physicians representing more than seven million patients.   

 

About LURN
Headquartered in Atlanta, Georgia, the Linked Urology Research Network is the first nationwide network of board-certified private practice urologists to utilize a centralized research management business model. Incorporated in 1999, LURN's mission is to manage all non-clinical responsibilities, enabling each individual practice to focus on subject identification, qualification, and study enrollment and trial management. LURN physicians are traditionally the leading enrollers in research studies and are presently participating in more than 70 clinical trials. For trial sponsors, LURN is a single source for contract and budget negotiation, regulatory processing, and project management for one of the nation's leading private practice urology networks, ensuring large-scale patient recruitment.


Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, services and related products, prices and other factors.



           
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