Praxis Expands Corporate Headquarters 

Brentwood, TN -- May 10, 2006  -- Praxis, a company specializing in centralized patient recruitment for clinical research studies, announced today that they have relocated to new, larger offices.  The company remains in Brentwood, Tennessee.  The expansion comes as part of the company’s ongoing growth in the field of pharma/biotech patient recruitment services.  David Fox, President of Praxis said, “This industry has experienced tremendous growth over the past few years, and we have more than doubled our size to meet the increased demand for clinical trial patient recruitment and retention services.  The new location allows us to comfortably place all of our staff, and leaves additional room for future development.”

As the pharma/biotech industry continues to develop new drugs, the demand for clinical trials and patient recruitment services is expanding at a rapid rate.  The pressure to fill studies fast with qualified patients is increasing, and that’s where Praxis’ patient recruitment expertise helps accelerate the clinical research process to speed introduction of new medications, saving companies millions of dollars lost due to costly trial delays.  Praxis has maintained steady growth every year since launching its business, and forecasts that business will continue on an upward trend over the next 5 – 10 years.  According to PARAXEL’s Pharmaceutical R&D Source Book 2004/2005, US companies have surpassed all other countries to develop more new drugs with 45.2 billion in sales and revenue, and 13.3 billion spent on R&D alone. - (Source: Burril & Company, Ernst & Young).  And as a result, there is increased demand for FDA approval of the new medications, which must pass very strict research study guidelines.

Praxis Communications, Inc., headquartered in Brentwood, TN, provides the pharmaceutical and biotech industries with a wide range of services for patient recruitment and retention for clinical trials including patient profiling, recruitment planning, centralized fulfillment, media relations, advertising and program management. For more information, call Praxis (615)312-8207.

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