Cognizant signs agreement with AstraZeneca

26 May, 2008

Cognizant has signed an agreement with AstraZeneca to support the delivery of clinical data management services. The value of the 5-year deal is estimated to be approximately $95 million. The company will provide centralized clinical data management services for all of AstraZeneca’s global clinical development.

According to the agreement with AstraZeneca, Cognizant will support the company’s drive for greater efficiencies in Clinical Data Management. AstraZeneca is one of the world’s largest pharmaceutical companies, widely recognized for its life-changing medicines. The contract is for a period of five years with anticipated revenues of approximately $95 million. Cognizant will also support data management planning, clinical study set-up for electronic data capture, medical coding, adverse event reconciliation, clinical data management, and training for the clinical sites and investigators. The intention to centralize these services was announced by AstraZeneca last year as part of its effort to drive R&D efficiencies. According to Francisco D’Souza President and CEO of Cognizant new partnership would help AstraZeneca’s drive to innovate and continue to make a real difference in the way it delivers healthcare It would also help AstraZeneca centralize and streamline its clinical data management operations through improved process standardization, consistency of delivery, economies of scale and cost savings that AstraZeneca can reinvest to support the fast, innovative and efficient development of their R&D programs.

In 2004 AstraZeneca engaged Cognizant for other business services across North America, Europe and Asia Pacific. These services encompass a broad range of well-integrated business process and technology solutions that span discovery, clinical, manufacturing and commercial operations. Consistently ranked among the Healthcare Informatics Top 100 list for the past three years, Cognizant is working for 6 of the top 10 health plans in the U.S.A. With over 10,000 dedicated professionals including doctors, pharmacologists, physicians, biomedical engineers, pharmacists, biostatisticians, medical writers, and GxP consultants, Cognizant provides domain-aligned consulting, IT, business process and analytics solutions globally.