New Danish biotech company offers drug firms clinical trials service  

2003.07.24
PhaseOne Trials is the first independent Danish biotech company to offer drug firms Phase 1/2 clinical trials

Newly established Danish biotech company PhaseOneTrials will be the first independent Danish company to offer Phase 1 & 2 clinical trials of drugs to pharmaceutical and biotech companies. Clinical phase 1 trials include voluntary healthy individuals, while phase 2 includes smaller groups of patients. Former research director of the Clinical Research Unit at Hvidovre Hospital, Dr. Kim Krogsgaard, is the founder and a shareholder in the new company.

 

PhaseOneTrials has DKK 10 million (USD 1.5 million) in capital and reserves; investors include Hvidovre Hospital, HACS ApS, Industriudvikling A/S, Pensionskassen for Farmakonomer, OTK Holding A/S and Øresund Holding APS. It is expected that PhaseOneTrials will be ready to test new drugs from January 2004. The news is reported by biotechdenmark.dk.

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